Group Net Worth definition
Group Net Worth means, at any date, all amounts which is included under stockholder’s equity on the consolidated balance sheet of the Loan Parties at such time; provided, that, in any event, such amounts are to be net of amounts carried on the consolidated financial statements of the Loan Parties for (a) net losses, (b) any writeup in the book value of any assets of the Loan Parties resulting from a revaluation thereof subsequent to the date of this Agreement, (c) treasury stock, (d) unamortized debt discount expense, (e) any cost of investments in excess of the fair market value of net assets acquired at the time of acquisition by any member of the Loan Parties, and (f) patents, patent applications, copyrights, trademarks, tradenames, experimental or organizational expenses and other like intangibles.
Group Net Worth means, at any date, all amounts which is included under stockholder's equity on the consolidated balance sheet of the Borrower Group at such time; provided, that, in any event, such amounts are to be net of amounts carried on the consolidated financial statements of the Borrower Group for (a) net losses, (b) any writeup in the book value of any assets of the Borrower Group resulting from a revaluation thereof subsequent to the date of this Agreement,
Group Net Worth means at any date of determination, an amount equal to (a) the total assets of the Originators and Subsidiaries on a consolidated basis MINUS (b) the total liabilities of the Originators and Subsidiaries on a consolidated basis.
Examples of Group Net Worth in a sentence
The Loan Parties shall not at any time permit Group Net Worth to be less than (i) $372,000,000 plus the sum of (A) 50% of Group Net Income (excluding any net losses) for each of the Borrower’s fiscal quarters ending after December 31, 2004 and (B) an amount equal to 100% of the net cash proceeds of any issuances by the Borrower of any Equity Interests from and after January 1, 2005.