Total Assets Clause Examples
The 'Total Assets' clause defines the total value of all assets owned by a party, typically as calculated according to generally accepted accounting principles. This clause specifies what is included in the calculation, such as cash, investments, property, and other tangible or intangible assets, and may set a specific date or period for the measurement. Its core function is to provide a clear and standardized basis for assessing a party’s financial position, which is often used to determine eligibility, compliance, or trigger certain obligations within an agreement.
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Total Assets. Based on total assets at period end. Used primarily to allocate costs associated with the oversight and safeguarding of corporate assets. This would include services provided by financial management and certain finance functions, among others. Also used when the services provided are driven by the relative size and complexity of the System Companies and there is no functional relationship between the services and any other available allocation formula. Based on the number of bank accounts at period end. Used for the allocation of costs associated with daily cash management activities.
Total Assets. The gross assets of the Company as reflected on its Consolidated Financial Statements (before depreciation and amortization), taken as of the end of the fiscal quarter of the Company last preceding the date of computation.
Total Assets. Total Assets" shall mean the Book Value of all the assets of the Trust, as such Book Value appears on the most recent quarterly balance sheet of the Trust.
Total Assets. As at close of business on the Trade Date of the first occurring Transaction, following the issue of the Relevant Notes and provided that the aggregate Invested Amount of the Relevant Notes upon issue exceeds USD10,000,000, the Series Trust will have total assets exceeding USD10,000,000.
Total Assets. P▇▇▇▇▇▇▇▇▇ has as of the date hereof, and expects to have as of the closing of the Business Combination, total assets of at least USD $5,000,001, which are, for the avoidance of doubt, measured on a consolidated basis. Additionally, Counterparty shall publicly disclose on a Form 8-K prior to the closing of the Business Combination the cash balance of the Trust Account available to pay redemptions, as of the business day immediately prior to the date of filing of such Form 8-K. Furthermore, Counterparty will have, immediately following the Closing of the Business Combination, at least $25 million of cash, net of transaction expenses payable at closing and other accounts payable (but without deduction for other accrued liabilities, including any deferred transaction expenses).
Total Assets. The aggregate book value of all assets of the Borrower and the Related Companies consolidated and determined in accordance with Generally Accepted Accounting Principles plus accumulated depreciation and amortization related to Real Estate Assets.
Total Assets. It has total assets of at least USD 50,000,000 as of the date hereof.
Total Assets. As of the end of each fiscal quarter, the aggregate amount of gross assets reflected on the CHC's balance sheet attributable to Persons other than the Borrower shall not exceed 10% of the aggregate amount of gross assets reflected on the CHC's balance sheet.
Total Assets. For the purpose of determining the above fees, "