Consolidated GAAP net worth definition

Consolidated GAAP net worth means the consolidated owners’ equity determined in accordance with GAAP for reporting to the United States Securities and Exchange Commission.

Consolidated GAAP net worth means the consolidated shareholders' or members' equity determined in accordance with generally accepted accounting principles for reporting to the United States Securities and Exchange Commission.

Consolidated GAAP net worth means the sum of (a) the capital stock and additional paid-in capital of the Borrower and its Subsidiaries on a consolidated basis, plus (without duplication) (b) the amount of retained earnings (or, in the case of a deficit, minus the deficit), minus (c) treasury stock, plus or minus (d) any other account which is customarily added or deducted in determining shareholders' equity, all of which shall be determined on a consolidated basis in accordance with GAAP.

Examples of Consolidated GAAP net worth in a sentence

• As of the end of any fiscal quarter, permit Consolidated GAAP Net Worth of the Borrower and its Subsidiaries to be less than an amount equal to the sum of (a) $81,000,000 plus (b) 50% of any cumulative positive Net Income of the Borrower and its Subsidiaries for each fiscal quarter following the fiscal year ended December 31, 1997, plus (c) the amount of paid-in capital resulting from any issuance by the Borrower of its capital stock after the date of this Agreement.

• As of the end of any fiscal quarter of the Borrower, permit its Consolidated GAAP Net Worth to be less than an amount equal to $350,000,000.00 plus fifty (50%) of the Borrower’s GAAP earnings each quarter after June 30, 2019.

• Consolidated GAAP Net Worth as of the fiscal quarter ended ______________, 199__.

• As of the end of any fiscal quarter, permit the Consolidated GAAP Net Worth to be less than an amount equal to the sum of (a) $327,225,000, plus (b) 50% of any cumulative Positive GAAP Net Income for each fiscal quarter following the fiscal quarter ended December 31, 2008.

• The Borrower shall not permit, as of the end of any fiscal quarter, Consolidated GAAP Net Worth of the Borrower and its Subsidiaries to be less than an amount equal to the sum of (a) $30,000,000, plus (b) 50% of the Consolidated Net Income for the fiscal year ending December 31, 1997, plus (c) 50% of any cumulative positive net income (as determined in accordance with GAAP) for each fiscal quarter following the fiscal quarter ending December 31, 1997.

More Definitions of Consolidated GAAP net worth

Consolidated GAAP net worth means the consolidated

Consolidated GAAP net worth means the consolidated shareholders' equity

Consolidated GAAP net worth means the consolidated Net Worth of the Borrower and its Subsidiaries in accordance with GAAP.

Consolidated GAAP net worth means, for any date, the sum of (a) the Capital Stock (including mandatorily redeemable preferred capital stock) and additional paid-in capital of the Borrower and its Subsidiaries on a consolidated basis plus (without duplication) (b) the amount of retained earnings, inclusive of deferred revenues, or, in the case of a deficit, minus the deficit, minus (c) treasury stock, plus or minus (d) any other account which is customarily added or deducted in determining shareholders' equity (without giving effect to any increase or decrease to Consolidated GAAP Net Worth attributable to the application of SFAS No. 115, 130 and 133 and related deferred tax effects), all determined on a consolidated basis in accordance with GAAP.

Consolidated GAAP net worth means the consolidated owners’ equity determined in accordance with generally accepted accounting principles for reporting to the United States Securities and Exchange Commission.

Consolidated GAAP net worth at any date of determination, all items which in conformity with GAAP would be included under shareholders' equity on a consolidated balance sheet of the Borrower and its Subsidiaries at such date.

Consolidated GAAP net worth means the sum of (a) the capital stock and additional paid-in capital of the Borrower and its Subsidiaries on a consolidated basis, plus (without duplication) (b) the amount of retained earnings (or, in the case of a deficit, minus the deficit), minus (c) treasury stock, plus or minus (d) any other account which is customarily added or deducted in determining stockholders' equity, all of which shall be determined on a consolidated basis in accordance with GAAP, provided that unrealized gains or losses in respect of publicly traded debt and equity securities (as otherwise required by the Statement of Financial Accounting Standards No. 115) shall be excluded in determining Consolidated GAAP Net Worth.