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
Any payment made by the Advisor pursuant to the preceding sentence shall be referred to herein as an "Expense Payment." The actual amount of Operating Expenses incurred by the Company in any Applicable Calendar Quarter after deducting any Expense Payment (but not below zero), as a percentage of the Company's average quarterly Gross Assets, shall be referred to herein as the "Percentage Limit").
More Definitions of Gross Assets
Gross Assets means the total of fixed assets and current assets according to the latest published audited annual accounts.
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 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, with respect to the Company or any Restricted Subsidiary, the sum of the book value of the gross assets of the Company or such Restricted Subsidiary and each of its Restricted Subsidiaries (other than Restricted Subsidiaries that are Excluded Subsidiaries under clause (a), (c), (d) or (e) of the definition thereof) in each case determined on a consolidated basis as of the last day of the most recently ended fiscal quarter of the Company for which financial statements have been delivered pursuant to Section 6.01.
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 of the Fund means total assets of the Fund, including any form of investment leverage, minus all accrued expenses incurred in the normal course of operations, but not excluding any liabilities or obligations attributable to investment leverage obtained through (i) indebtedness of any type (including, without limitation, borrowing through a credit facility/commercial paper program or other forms of borrowings or the issuance of debt securities), (ii) the issuance of preferred shares or other similar preference securities, and/or (iii) any other means.