Tangible Adjusted Net Worth definition

Tangible Adjusted Net Worth means, at a particular date, (a) the aggregate amount of all assets of Borrower on a consolidated basis, as may properly be classified as such in accordance with GAAP consistently applied and such other assets as are properly classified as “intangible assets” but specifically excluding such other assets as may be properly classified as goodwill assets under GAAP, less (b) the aggregate amount of all Indebtedness of Borrower on a consolidated basis. For purposes of this definition, any amounts noted in Borrower’s books and records for “Acquired Permits” shall not be deemed “goodwill”.
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Tangible Adjusted Net Worth means the Adjusted Net Worth of the Company less the Company's intangible assets, if any. "Trustee" means the Person or Persons elected as the "Trustee" pursuant to the terms of this Agreement or a successor thereto once the latter shall have become such pursuant to the applicable provisions of this Agreement.
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Tangible Adjusted Net Worth means in respect of Borrower and its Subsidiaries an amount equal to total assets, plus goodwill attributable to cash paid in connection with the acquisition of any business otherwise permitted hereunder, minus Total Intangible Assets, minus total liabilities, calculated in accordance with GAAP applied on a Consistent Basis.
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Examples of Tangible Adjusted Net Worth in a sentence

  • Maintain at all times a Tangible Adjusted Net Worth in an amount not less than $27,000,000.

  • Maintain Tangible Adjusted Net Worth in an amount not less then $30,000,000 at all times.

  • Maintain at all times a Tangible Adjusted Net Worth in an amount not less than $30,000,000.

  • Maintain at all times a Tangible Adjusted Net Worth in an amount not less than $25,000,000.

  • Tangible Adjusted Net Worth: at a particular date, (a) the aggregate amount of all assets of the Company on a consolidated basis, as may be properly classified as such in accordance with generally accepted accounting principles consistently applied excluding such other assets as are properly classified as goodwill assets under such accounting principles, less (b) the aggregate amount of all liabilities of the Company on a consolidated basis.

  • Maintain at all times a Tangible Adjusted Net Worth in an amount not less than $26,000,000.

  • Maintain Tangible Adjusted Net Worth in an amount not less than $13,000,000 for the fiscal quarter ending March 31, 2001, $14,000,000 for the fiscal quarter ending June 30, 2001, $15,000,000 for the fiscal quarter ending September 30, 2001, $16,000,000 for the fiscal quarter ending December 31, 2001, $17,500,000 for the fiscal quarter ending March 31, 2002, and $18,500,000 at all times thereafter until and including the Termination Date.

  • The ratio of Borrower and its Subsidiaries' Total Senior Debt to Tangible Adjusted Net Worth shall be less than 2.75:1 as of the end of each fiscal quarter during the term of this Agreement.

  • Vroom will maintain Tangible Adjusted Net Worth of at least $167,000,000.

  • Tangible Adjusted Net Worth is defined as shareholder equity plus redeemable convertible preferred stock based on GAAP compliant financial statements.


More Definitions of Tangible Adjusted Net Worth

Tangible Adjusted Net Worth means, at a particular date, (a) the aggregate amount of all assets of Borrower on a consolidated basis, as may be properly classified as such in accordance with GAAP consistently applied excluding such other assets as are properly classified as goodwill assets under GAAP, less (b) the aggregate amount of all liabilities of Borrower on a consolidated basis. For purposes of this definition, any amounts noted in Borrower's books and records for "Acquired Permits" shall not be deemed "goodwill."
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Tangible Adjusted Net Worth means the Adjusted Net Worth of the Company less the Company's tangible assets, if any".
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Tangible Adjusted Net Worth set forth in Section 1.2 shall be deleted in its entirety.
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Related to Tangible Adjusted Net Worth

  • Adjusted Tangible Net Worth As of the date of determination thereof, the sum of: (i) Servicer's Tangible Net Worth; plus

  • Adjusted Net Worth of each Guarantor shall mean the greater of (x) the Net Worth (as defined below) of such Guarantor and (y) zero; and (iii) the “Net Worth” of each Guarantor shall mean the amount by which the fair saleable value of such Guarantor’s assets on the date of any Relevant Payment exceeds its existing debts and other liabilities (including contingent liabilities, but without giving effect to any Guaranteed Obligations arising under this Guaranty or any guaranteed obligations arising under any guaranty of any Permitted Additional Indebtedness) on such date. Notwithstanding anything to the contrary contained above, any Guarantor that is released from this Guaranty pursuant to Section 17 hereof shall thereafter have no contribution obligations, or rights, pursuant to this Section 18, and at the time of any such release, if the released Guarantor had an Aggregate Excess Amount or an Aggregate Deficit Amount, same shall be deemed reduced to $0, and the contribution rights and obligations of the remaining Guarantors shall be recalculated on the respective date of release (as otherwise provided above) based on the payments made hereunder by the remaining Guarantors. All parties hereto recognize and agree that, except for any right of contribution arising pursuant to this Section 18, each Guarantor who makes any payment in respect of the Guaranteed Obligations shall have no right of contribution or subrogation against any other Guarantor in respect of such payment until the Termination Date. Each of the Guarantors recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such contribution. In this connection, each Guarantor has the right to waive its contribution right against any Guarantor to the extent that after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Required Lenders.

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Consolidated Adjusted Net Worth means, as of any date of determination thereof, the Consolidated Net Worth less the total amount of all Restricted Investments in excess of 20% of Consolidated Net Worth, each as of such date of determination.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.