Aggregate Net Book Value Clause Samples

The Aggregate Net Book Value clause defines the total net book value of a group of assets, typically as recorded on a company's balance sheet after accounting for depreciation and amortization. In practice, this clause is used to determine the combined value of multiple assets for purposes such as asset sales, financing arrangements, or compliance with financial covenants. By establishing a clear method for calculating the collective worth of assets, the clause ensures transparency and consistency in financial reporting and helps parties assess the financial impact of transactions involving multiple assets.
Aggregate Net Book Value. As of any date of determination, an amount equal to the sum of the Net Book Values (such Net Book Values to be measured as of the last day of the month immediately preceding such date of determination) of all Eligible Containers.
View SourceView Similar (11)
Aggregate Net Book Value. As of any date of determination, an amount equal to the sum of the then Net Book Values of all Eligible Railcars.
View SourceView Similar (3)
Aggregate Net Book Value. As of any date of determination and for any Borrower, an amount equal to the sum of the then Net Book Values of all Eligible Equipment then pledged on a first priority and perfected basis by such Borrower to the Agent pursuant to the terms of the Security Agreement to which such Borrower is a party and the other Loan Documents.
View Source

Related to Aggregate Net Book Value

  • Aggregate Net Assets For each Retirement Distribution Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Distribution Portfolios.

  • Minimum Consolidated Net Worth Consolidated Net Worth will at no time be less than $550,000,000 plus 25% of the consolidated net income of the Borrower at the end of each fiscal quarter for each fiscal year commencing after the fiscal year ending December 31, 1994.

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $731,508,263 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Minimum Consolidated Tangible Net Worth Commencing with the Fiscal Quarter ending June, 2006, Consolidated Tangible Net Worth will at no time be less than a cumulatively increasing amount equal to the sum of (i) $130,000,000 plus (ii) 50% of the Consolidated Net Income for each Fiscal Quarter ending September 20, 2006 and thereafter. In determining the minimum Consolidated Tangible Net Worth required by this Section 5.03, any negative Consolidated Net Income, computed cumulatively on an annual basis, shall be excluded.