Gross Assets definition

Gross Assets means the total of fixed assets and current assets;

Gross Assets means, when used with respect to a specified Person, the fair market value of such Person's assets unencumbered by any liabilities.

Gross Assets means the total value of the assets of the Corporation determined as provided in Section 3 below.

Examples of Gross Assets in a sentence

• Description*COMPUTATION OF RATIOSALLOCATION OF OTHER CAPITAL Gross Assets Capitalized LeasesGross Assets for Ratio(col.

• For purposes of calculating the Asset Management Fee, Gross Assets Under Management shall be measured as of the last Business Day of each month, and the Asset Management Fee for that month shall be paid on the first Business Day of the subsequent month.

• For purposes of calculating the Management Fee, Gross Assets Under Management shall be measured as of the last Business Day of each month, and the Management Fee for that month shall be paid on the first Business Day of the subsequent month.

• After the second Fiscal Year after the Effective Date, the Manager may increase the Asset Management Fee up to one quarter of one percent (.25%) per Fiscal Year, up to a maximum Asset Management Fee of two percent (2%) of the then Gross Assets Under Management.

• The Company shall pay to the Manager a monthly asset management fee equal to one percent (1.00%) of the then Gross Assets Under Management (the “Asset Management Fee”).

More Definitions of Gross Assets

Gross Assets is defined in Section 9.01.

Gross Assets means the total assets and Properties of Holdings and its Subsidiaries less accumulated depreciation, as indicated on the audited balance sheets of Holdings and its Subsidiaries for the fiscal year end immediately prior to the date of any determination.

Gross Assets means the total of fixed assets and current assets according to the latest published audited annual accounts.

Gross Assets means the total fair value of the Company’s assets at the end of the quarter, other than intangibles and after the deduction of associated allowances and reserves, as determined by the Advisor in its sole discretion. Asset management fees for any partial quarter will be appropriately prorated.

Gross Assets means gross assets which are not subject to any Lien.

Gross Assets means (i) the gross book value of the assets of the Company until such time as the Board has established a net asset value of the Company’s assets and (ii) after the Board has established a net asset value of the Company’s assets, the gross asset value of the assets of the Company based on such net asset value determination. The Gross Assets of the Company will be determined on a quarterly basis. For avoidance of doubt, under (i) or (ii), gross book value or gross asset value (as applicable) shall be determined based on the Company’s pro rata ownership interest in the underlying real estate and other assets and liabilities, without regard to GAAP consolidation or equity method accounting principles.

Gross Assets means at any date the sum of (i) the consolidated Real Property Value of the Issuer and its Consolidated Subsidiaries, (ii) cash and all other assets of the Issuer and its Consolidated Subsidiaries which, in accordance with generally accepted accounting principles, would at such time be included on a consolidated balance sheet of the Issuer and its Consolidated Subsidiaries (other than Real Property and any asset which is classified as an intangible asset under generally accepted accounting principles, including, without limitation, goodwill, patents, trademarks, trade names, copyrights and franchises), all determined as of the valuation date for the most recent Appraisal and (iii) if not included in the assets described in clause (ii), the value of any notes and contract receivables held by the Issuer pursuant to its Employee Share Purchase Plan as indicated in the most recent Appraisal.