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.
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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,
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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.
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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.

Related to Group Net Worth

  • Book Net Worth means the aggregate of the common and preferred stockholders' equity in the Borrower, determined in accordance with GAAP.

  • Net Worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Adjusted Net Worth of each Guarantor shall mean the greater of (x) the Net Worth (as defined below) of such Guarantor and (y) zero; and (iii) the “Net Worth” of each Guarantor shall mean the amount by which the fair saleable value of such Guarantor’s assets on the date of any Relevant Payment exceeds its existing debts and other liabilities (including contingent liabilities, but without giving effect to any Guaranteed Obligations arising under this Guaranty or any guaranteed obligations arising under any guaranty of any Permitted Additional Indebtedness) on such date. Notwithstanding anything to the contrary contained above, any Guarantor that is released from this Guaranty pursuant to Section 17 hereof shall thereafter have no contribution obligations, or rights, pursuant to this Section 18, and at the time of any such release, if the released Guarantor had an Aggregate Excess Amount or an Aggregate Deficit Amount, same shall be deemed reduced to $0, and the contribution rights and obligations of the remaining Guarantors shall be recalculated on the respective date of release (as otherwise provided above) based on the payments made hereunder by the remaining Guarantors. All parties hereto recognize and agree that, except for any right of contribution arising pursuant to this Section 18, each Guarantor who makes any payment in respect of the Guaranteed Obligations shall have no right of contribution or subrogation against any other Guarantor in respect of such payment until the Termination Date. Each of the Guarantors recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such contribution. In this connection, each Guarantor has the right to waive its contribution right against any Guarantor to the extent that after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Required Lenders.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).