Net Fixed Assets means, as of any date of determination, the net property, plant and equipment of the Consolidated Companies determined in accordance with GAAP and as reflected on the balance sheet of Intermet.
Net Fixed Assets means, as of any date of determination, the cost of fixed assets of the Borrower and its Subsidiaries minus depreciation expense incurred with respect thereto as of such date of determination, determined on a consolidated basis in accordance with GAAP.
Net Fixed Assets. means cost of Fixed Assets less Depreciation calculated in accordance with Section B of Schedule 2.
Examples of Net Fixed Assets in a sentence
The basic formula is as follows: FAT = (Fixed Assets / Total Assets) or Annual Sales / Net Fixed Assets The fixed asset turnover can vary substantially from industry to industry.
More Definitions of Net Fixed Assets
Net Fixed Assets means the fixed assets of Seller, net of accumulated depreciation, as determined in accordance with GAAP.
Net Fixed Assets means at any time, with respect to a Primary Obligor the aggregate net book value of such Primary Obligor’s fixed assets, in each case as determined in accordance with GAAP and by reference to the most recent financial statements for such Primary Obligor delivered under Clause 19.1(a) or (b) (Financial Statements).
Net Fixed Assets. The excess, as to any corporation of (1) the value as reflected on the books of account of such corporation of Fixed Assets, taken at their cost, over (2) the value at such date of all depreciation, amortization, retirement and other valuation reserves with respect thereto, as determined in accordance with generally accepted accounting principles consistently applied.
Net Fixed Assets means the book value of all fixed assets included in the Assets, after all depreciation and amortization and other appropriate reserves and write downs for obsolete, damaged, malfunctioning or nonfunctioning fixed assets, all in accordance with GAAP.
Net Fixed Assets means the gross value of said Project Company’s fixed assets in operation less the amount of accumulated depreciation, as valued from time to time in accordance with sound and consistently maintained methods of valuation satisfactory to the Bank.
Net Fixed Assets means with respect to the Borrower, (i) property and equipment, (ii) sundry goods, (iii) expenses in organization and research, and (iv) goodwill; net of depreciation, accumulated amortizations, and provisions; “Note” has the meaning ascribed thereto in Section 2.02 (c) (Disbursement Procedure); “Obstructive Practice” has the meaning assigned to it in Annex C; “Open Credit Exposures Ratio” means the result obtained by dividing: (i) Problem Exposures less total provisions; by (ii) Total Capital; “Parallel Tranche” has the meaning ascribed thereto in Section 2.01(a)(ii) (Amount and Purpose); “Parallel Tranche Eligible Sub-loans” has the meaning ascribed thereto in Section 2.01(b)(2) (Amount and Purpose); “Parallel Tranche Interest Rate” means for any Interest Period, the rate at which interest is payable on the Parallel Tranche during that Interest Period, determined in accordance with Section 2.03 (Interest); “Participant” means any Person who acquires a Participation in the GTLP Facility; “Participation” means a participating interest in the GTLP Facility, or as the context requires, in any Disbursement;
Net Fixed Assets means, collectively as at any applicable time, the sum of (i) equipment of the Secured Borrowers in which the Agent has a perfected first-priority security interest, and (ii) all other property, plant and equipment reflected on the balance sheet of the Secured Borrowers.