Actual Tangible Net Worth definition

Actual Tangible Net Worth shall have the meaning given to such term in Section 2.6(d).
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Actual Tangible Net Worth means the actual tangible net worth of the Company as of the end of its 1997 fiscal year, determined using the methodology set forth in SCHEDULE 1.1.8 and, to the extent not inconsistent with such Schedule, the same methodology and in a manner consistent with that used in determining the Adjusted Tangible Net Worth, but using (subject to such Schedule) the actual results as included in the 1997 Audited Financials.
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Actual Tangible Net Worth is defined in Section 1.3.2.
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Examples of Actual Tangible Net Worth in a sentence

  • Actual: Tangible Net Worth of $ ___ for Reporting Period ended ___.

  • In connection therewith, Purchaser shall provide Seller and its representatives with access to all records and work papers necessary to compute and verify the Closing Date Balance Sheet, the Actual Net Working Capital, and the Actual Tangible Net Worth.

  • September 30, 2001 through September 29, 2002 Actual Tangible Net Worth at September 30, 2000 plus 25% of Net Income (but not less than zero) for the fiscal year ended 2001.

  • Minimum Tangible Net Worth: Actual Tangible Net Worth (as of the Determination Date) Required minimum Tangible Net Worth (pursuant to the Guaranty) GAAP Net Worth $ Less: Goodwill, Patents, etc.

  • Tangible Net Worth = Total Asses, minus Total Liabilities, minus amounts due from Affiliates, minus Intangibles Total Assets $___________ , minus Total Liabilities $___________ , minus Amounts due from Affiliates $___________ , minus Intangible assets $___________ , plus 50% of Borrower's Net Income $___________ , Actual Tangible Net Worth $___________ Exhibit A First Capital Western Region, LLC ▇▇▇ ▇.

  • Permit at any time Tangible Net Worth to be less than the amount set forth below opposite the applicable period: Period Amount ------ ------ Closing Date through September 29, 1999 $12,900,000 September 30, 1999 through September 29, 2000 Actual Tangible Net Worth at September 30, 1998 plus 25% of Net Income (but not less than zero) for the fiscal year ended 1999.

  • If Seller does not notify the Purchaser in writing of a dispute with respect to the Closing Date Balance Sheet within such thirty (30)-day period, the calculation of Actual Net Working Capital and Actual Tangible Net Worth reflected in the Closing Date Balance Sheet will be final, conclusive and binding on Seller, Shareholders and the Purchaser.

  • September 30, 2000 through September 29, 2001 Actual Tangible Net Worth at September 30, 1999 plus 25% of Net Income (but not less than zero) for the fiscal year ended 2000.

  • Seller shall have a period of thirty (30) days from receipt of the Closing Date Balance Sheet to review such balance sheet and Purchaser’s calculation of Actual Net Working Capital and Actual Tangible Net Worth.

  • Minimum Tangible Net Worth: Actual Tangible Net Worth (as of the Determination Date) Required minimum Tangible Net Worth (pursuant to the Agreement) GAAP Net Worth $ Less: Investment in Affiliates ($ ) Loan Receivable – Related Party ($ ) Officer/Employee Receivables ($ ) Goodwill, Other Intangibles, etc.


More Definitions of Actual Tangible Net Worth

Actual Tangible Net Worth. Section 1.11.1
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