Unrestricted Net Assets definition

Unrestricted Net Assets also means "net assets without donor restrictions."

Unrestricted Net Assets means Total Net Assets less temporarily or permanently restricted assets under generally accepted accounting principles. If Tenant elects to maintain its Risk Management Program pursuant hereto, Tenant shall have all of the obligations and liabilities of an insurer and the remaining provisions of the Lease relating to insurance coverage, indemnity, insurance proceeds, waiver of subrogation and the like shall apply with respect to Tenant as they would with respect to an insurer (and, without limiting the generality of the foregoing, such self-insurance shall provide the same benefits and protections as provided in the current edition of the relevant insurance forms provided through the Insurance Services Office (“ISO”), with coverage equivalent to or broader than the coverages under such ISO forms), all as if Tenant had maintained the insurance required to be maintained by Tenant under the Lease without self-insurance. If Tenant fails or refuses to maintain any insurance required while in a Non-Compliance Period and does not procure the proper insurance, Landlord may, at its option, ten (10) days after written notice to Tenant, procure insurance for Landlord’s benefit and/or interests and any and all premiums paid by Landlord therefor shall be deemed Additional Rent and shall be due on demand. Landlord will not be responsible to procure insurance for Tenant’s interests and/or benefit.

Unrestricted Net Assets means the unrestricted net assets of the Credit Group determined in accordance with Generally Accepted Accounting Principles.

Examples of Unrestricted Net Assets in a sentence

• The Corporation may incur Purchase Money Indebtedness if, immediately after entering into such Purchase Money Indebtedness, the aggregate principal amount due on all Purchase Money Indebtedness then Outstanding will not be greater than 15% of the Unrestricted Net Assets of the Corporation as shown on the audited financial statements of the Corporation for the most recent fiscal year for which audited financial statements are available.

• The PHA may compensate the independent entity from PHA ongoing administrative fee income (including amounts credited to the administrative fee reserve (i.e. Unrestricted Net Assets)).

• Based on our calculations prepared in connection with the University’s fiscal year 2012 audit and outlined above, we noted that the consolidated Adjusted Change in Unrestricted Net Assets from Operations was approximately $2,600,000 below the amount needed to meet the required Historical Debt Service Coverage Ratio (Ratio) discussed above.

• First, the aggregate principal amount of such Debt and the maximum exposure under Derivative Obligations (based on certain assumptions) may not be more than 15% of the Unrestricted Net Assets of the Center and the Affiliates at the time such Debt is incurred or such Derivative Agreements are executed and delivered.

• Net Assets Unrestricted Net Assets (Decrease) Net Net Income Total Equity TOTAL EQUITY 5,105.69 1,269,743.00 30,282.79 112.403.61 1,708,731.55 e e 0276 D A N I E L F .

More Definitions of Unrestricted Net Assets

Unrestricted Net Assets means the unrestricted net assets of the Hospital Corporation, as reflected on the most recently completed audited financial statements of the Hospital Corporation or other equivalent accounting classification representing the net worth of an entity.

Unrestricted Net Assets means, as of any date of determination, (i)for each Member which is a tax-exempt entity, the aggregate unrestricted net assets of such Member, and (ii)for each Member which is not a tax-exempt entity, the excess of assets over liabilities of such Member, in each case as shown on the Member’s then most recent audited financial statements.

Unrestricted Net Assets means, with respect to the Obligated Group, the unrestricted net assets of the Members of the Obligated Group. Section 2. Interpretation of this Seventeenth Supplement. The provisions of thisSeventeenth Supplement are intended to supplement the Master Indenture, and the Members of the Obligated Group shall comply with the provisions of both the Master Indenture and all Supplements thereto including this Seventeenth Supplement, provided, however, that the Members of the Obligated Group shall comply with the provisions of the Seventeenth Supplement only so long as the Seventeenth Supplement Obligation remains Outstanding and as set forth in this Supplement. Section 3. Creation of the Seventeenth Supplement Obligation. There is herebycreated an Obligation of the Obligated Group to be known as and entitled “Members of the Obligated Group Obligation No. 26.” Obligation No. 26 shall be dated as of , 2004 shall be issued as a single note in the principal amount of $7,450,000, and shall be executed, authenticated and delivered in accordance with Article II of the Master Indenture. The Seventeenth Supplement Obligation shall bear interest at the same rates as borne by the corresponding issue of Bonds shown on Exhibit A from its dated date of , 2004, payable on each Interest Payment Date. The principal of the Seventeenth Supplement Obligationshall be payable in the same amount and on the same dates as the corresponding series of Bonds shown on Exhibit A until their final maturity as shown on Exhibit A, subject to prior prepayment and redemption. The principal of each Seventeenth Supplement Obligation shall be due and payable in the same amounts and on the same dates as the corresponding series of Bonds shown on Exhibit A until then final maturity as shown on Exhibit A. The Obligated Group shall receive certain credits against its required payments of principal of and interest on the Seventeenth Supplement Obligation, to the extent set forth in Section 5 hereof. Such principal and interest on the Seventeenth Supplement Obligation is payable directly to the Registered Owner. The Obligated Group Representative shall give notice in writing of each such payment to the Master Trustee. The Seventeenth Supplement Obligation shall be an accelerable instrument for purposes of Section 4.02(a) of the Master Indenture. Upon the occurrence of an Event of Default under the Obligation, the Holder of any Obligation shall be entitled, by notice to the Master Trustee and the Obligated...

Unrestricted Net Assets means net assets that are neither Permanently Restricted Net Assets nor Temporarily Restricted Net Assets.

Unrestricted Net Assets means the excess of assets (other than assets that are restricted as to use by donor imposed specifications and may not be utilized and/or designated for internal purposes) over liabilities, as determined in accordance with GAAP.

Unrestricted Net Assets means the unrestricted net assets, capital and surplus or other equivalent accounting classifications representing the net worth of a Person.

Unrestricted Net Assets means the excess of total assets over total liabilities that are neither permanently restricted nor temporarily restricted by donor-imposed stipulations