Examples of Consolidated Adjusted Tangible Net Worth in a sentence

The Company will not at any time permit the aggregate amount of all Priority Debt to exceed 25% of Consolidated Adjusted Tangible Net Worth (Consolidated Adjusted Tangible Net Worth to be determined as of the end of the then most recently ended fiscal quarter of the Company).
Consolidated Adjusted Tangible Net Worth at any time to be less than $1,200,000,000.
The Sellers shall maintain a Consolidated Adjusted Tangible Net Worth of at least $400 million.
The aggregate value of Guarantor’s and Borrowers’ investments in Joint Ventures or in any other entity that is not directly or indirectly wholly-owned by Guarantor shall at no time exceed fifteen (15%) percent of Guarantor’s Consolidated Adjusted Tangible Net Worth.
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More Definitions of Consolidated Adjusted Tangible Net Worth

Consolidated Adjusted Tangible Net Worth means the sum of the amounts set forth on the consolidated balance sheet of the Company and its Subsidiaries prepared in accordance with GAAP and as of any date selected by the Company not more than 45 days prior to the taking of any action for the purpose of which the determination is being made, which appears as (a) the par or stated value of all outstanding stock, (b) capital, paid-in and earned surplus and (c) long term deferred tax liabilities, less the sum of (i) any surplus resulting from any write-up of assets, (ii) good will, including any amounts (however designated on such balance sheet) representing the cost of acquisitions of Subsidiaries in excess of underlying tangible assets, unless an appraisal of such assets made by a reputable firm of appraisers at the time of acquisition shall indicate sufficient value to cover such excess, (iii) any amounts by which Investments in Persons appearing on the asset side of the balance sheet exceed the lesser of cost or the proportionate share of such corporation in the book value of the assets of such Persons, provided that such book value shall be reduced by any amounts representing restrictions on the payment of dividends by such Persons pursuant to any law, charter provisions, mortgage or indenture or, in lieu of the foregoing, any Investment may be carried at its market value if the securities representing such Investment are publicly traded, (iv) patents, trademarks, copyrights, leasehold improvements not recoverable at the expiration of a lease and deferred charges (including, but not limited to, unamortized debt discount and expense, organization expenses, experimental and development expenses, but excluding prepaid expenses), (v) any amounts at which shares of capital stock of the Company appear on the asset side of such balance sheet, (vi) any amount of Debt not included on the liability side of such balance sheet and (vii) other comprehensive income or expense (as defined by GAAP), to the extent included in subclause (a), (b) or (c) above.

Consolidated Adjusted Tangible Net Worth means the sum of the amounts set forth on the consolidated balance sheet of the Company and its Subsidiaries prepared in accordance with GAAP and as of any date selected by the Company not more than 45 days prior to the taking of any action for the purpose of which the determination is being made, which appears as (a) the par or stated value of all outstanding stock, (b) capital, paid-in and earned surplus and (c) long term deferred tax liabilities, less the sum of (i) any surplus resulting from any write-up of assets, (ii) good will, including any amounts (however designated on such balance sheet) representing the cost of acquisitions of Subsidiaries in excess of underlying tangible assets, unless an appraisal of such assets made by a reputable firm of appraisers at the time of acquisition shall indicate sufficient value to cover such excess, (iii) any amounts by which Investments in Persons appearing on the asset side of the balance sheet exceed the lesser of cost or the proportionate share of such corporation in the book value of the assets of such Persons, provided that such book value shall be reduced by any amounts representing restrictions on the payment of dividends by such Persons pursuant to any law, charter provisions, mortgage or indenture or, in lieu of the foregoing, any Investment may be carried at its market value if the securities representing such Investment are publicly traded, (iv) patents, trademarks, copyrights, leasehold improvements not recoverable at the expiration of a lease and deferred charges (including, but not limited to, unamortized debt discount and expense, organization expenses, experimental and development expenses, but excluding prepaid expenses), (v) any amounts at which shares of capital stock of the Company appear on the asset side of such balance sheet, (vi) any amount of Indebtedness not included on the liability side of such balance sheet and (vii) other comprehensive income or expense (as defined by GAAP), to the extent included in subclause (a), (b) or (c) above.

Consolidated Adjusted Tangible Net Worth means, for the Sellers, the amount that would, in conformity with GAAP, equal the stockholder's equity included on the balance sheet of the Sellers and their subsidiaries, plus any preferred stock not already included in the calculation of stockholder's equity, plus any Indebtedness of the Sellers and their Subsidiaries that is fully subordinated to any obligations arising under this Repurchase Agreement, plus other comprehensive loss arising from the FASB 133, minus any intangibles or goodwill (as defined under GAAP), minus any advances between the Sellers and their Affiliates (other than consolidated subsidiaries or between FIC and FMC), minus any loans or advances to officers or directors of the Sellers (as reported under GAAP), minus other comprehensive income arising from FASB 133; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholder's equity for fluctuation of the value of financial instruments as mandated under FASB 133 shall be excluded from the calculation of Consolidated Adjusted Tangible Net Worth.

Consolidated Adjusted Tangible Net Worth means, as of any date of determination, the sum of (a)(i) consolidated stockholders’ equity of Holdings, U.S. Holdings, U.S. FinCo, the Borrower and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP, as shown on the most recently delivered Section 6.1 Financials or, on any date prior to the first date on which the Section 6.1 Financials are required to be delivered, the Pro Forma Financial Statements, and (ii) 50% of the aggregate principal amount of Indebtedness included in Consolidated Total Debt as of such date of determination that (x) by its terms is subordinated in right of payment to the Obligations and (y) has a final maturity date that is at least 90 days after the latest Commitment Termination Date hereunder at such time; provided that the amount of such Indebtedness included under this clause (a)(ii) shall not exceed an amount equal to 662⁄3% of the consolidated stockholders’ equity of Holdings, U.S. Holdings, U.S. FinCo, the Borrower and the Restricted Subsidiaries as determined pursuant to clause (a)(i) hereof, less (b) (without duplication) Intangible Assets of Holdings, U.S. Holdings, U.S. FinCo, the Borrower and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP, as shown on the most recently deliveredSection 6.1 Financials, but excluding any non-cash gain or loss of Holdings, U.S. Holdings, U.S. FinCo, the Borrower and the Restricted Subsidiaries after December 31, 2012 recorded pursuant to Accounting Standards Codification Topic 815 or 820, which results in any adjustments to the net worth of Holdings, U.S. Holdings, U.S. FinCo the Borrower and the Restricted Subsidiaries on a consolidated basis.

Consolidated Adjusted Tangible Net Worth means, as of any date of determination for the Borrower and its Subsidiaries calculated on a consolidated basis, without duplication, the sum of (a) Consolidated Tangible Net Worth as of such date of determination plus (b) accumulated depreciation as of such date of determination.

Consolidated Adjusted Tangible Net Worth means, as of any date, the sum of (i) Guarantor's Consolidated Tangible Net Worth plus (ii) the lesser of (x) one-half (1/2) of the outstanding principal amount of all Permitted Subordinated Debt of Guarantor that matures no sooner than twelve (12) months after such date or (y) thirty percent (30%) of Guarantor's Consolidated Tangible Net Worth.

Consolidated Adjusted Tangible Net Worth of any Person means the excess of such Person’s total assets over its total liabilities determined on a consolidated basis in accordance with GAAP, plus the principal amount of any Subordinated Indebtedness, excluding (1) Other Comprehensive Income or Loss, (2) goodwill and (3) other intangibles, in each case as of the end of the last completed fiscal quarter ending on or prior to the date of the transaction giving rise to the need to calculate Consolidated Adjusted Tangible Net Worth.

Consolidated Adjusted Tangible Net Worth definition

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