Effective Tangible Net Worth. The words "Effective Tangible Net Worth" mean the Borrower's stated net worth plus Subordinated Debt but less all intangible assets of the Borrower (i.
Appears in 1 contract
Sources: Business Loan Agreement (Amphastar Pharmaceuticals, Inc.)
Effective Tangible Net Worth. The words "Effective Tangible Net Worth" mean the Borrower's stated net worth plus Subordinated Debt but less all intangible assets of the Borrower (i.i.e., goodwill, trademarks, patents, copyrights, organization expense, and similar intangible items including, but not limited to, investments in and all amounts due from affiliates, officers or employees).
Appears in 1 contract
Sources: Business Loan Agreement (Gametech International Inc)