Book Net Worth definition

Book Net Worth means the aggregate of the common and preferred stockholders' equity in the Borrower, determined in accordance with GAAP.

Book Net Worth means the excess of total assets of a Person and its consolidated Subsidiaries over Total Liabilities of such Person and its consolidated Subsidiaries determined in accordance with GAAP.

Examples of Book Net Worth in a sentence

Pursuant to Section 6.15 of the Credit Agreement, as of the Reporting Date, Heska’s Book Net Worth was $ and Diamond’s Book Net Worth was $ , which o satisfies o does not satisfy the requirement that such amounts be no less than zero on the Reporting Date.
The Guarantor shall not permit the ratio of Total Debt to Book Net Worth for the Guarantor to exceed 2.00 to 1 beginning as of the last day of the Guarantor’s 2009 fiscal year ending October 2, 2009, and at the end of each fiscal quarter thereafter.
The Guarantor shall not permit its consolidated Book Net Worth, as of the last day of each calendar year, to be less than the Book Net Worth Requirement.
Section 6.15 of the Credit Agreement is ------------------------- amended in its entirety to read as follows: Minimum Book Net Worth.
MLMCI and MLCS agree to refrain from exercising their remedies with respect to such Event of Default during the Forbearance Period so long as Assignor maintains a Book Net Worth of $50,000,000 and $5,000,000 of unencumbered cash, and no other Default exists under the Agreement.

Book Net Worth means, at any time, the sum of the following for the Borrower and its Subsidiaries on a consolidated basis: (i) common and preferred Equity Interests, (ii) capital in excess of stated value (paid in capital) and (iii) retained earnings, as determined in accordance with GAAP; provided, that (i) the effect of any changes to GAAP shall be eliminated and (ii) non-cash asset impairment and goodwill charges shall be excluded.

Book Net Worth means, with respect to any Borrower or the Public Parent, the aggregate of the common and preferred shareholders’ equity in such Borrower or the Public Parent determined in accordance with GAAP (calculated without regard to any non-cash effects of accounting for (i) stock-based compensation in accordance with FASB pronouncement SFAS 123(r), and (ii) financial instruments acquired by any Borrower in accordance with FASB pronouncement SFAS 133).

Book Net Worth means the excess of total assets of NFI and its consolidated Subsidiaries over Total Liabilities of NFI and its consolidated Subsidiaries determined in accordance with GAAP (or such non-GAAP principles as may be disclosed to and approved by Buyer from time to time).

Book Net Worth means, at any time, the sum of the following for the Borrower and its Subsidiaries on a consolidated basis: (a) common and preferred Equity Interests, (b) capital in excess of stated value (paid in capital) and (c) retained earnings, as determined in accordance with GAAP; provided, that (i) the effect of any changes to GAAP shall be eliminated, (ii) non-cash asset impairment and goodwill charges shall be excluded and (iii) non-cash settlement expenses and other non-cash charges related to the Borrower’s U.S. Pension Plan termination process (net of related tax benefits or charges) shall be excluded.

Book Net Worth means, at any date of determination, the difference between: (a) the total assets appearing on the balance sheet at such date prepared in accordance with GAAP after deducting adequate reserves in each case where, in accordance with GAAP, a reserve is proper; and (b) the total liabilities appearing on such balance sheet.