{"component": "definition", "props": {"groups": [{"samples": [{"hash": "fX6tc621Sn4", "uri": "/contracts/fX6tc621Sn4#net-fixed-assets", "label": "Credit Agreement (Intermet Corp)", "score": 18.0, "published": true}, {"hash": "cFNz7WUBDhT", "uri": "/contracts/cFNz7WUBDhT#net-fixed-assets", "label": "Credit Agreement (Intermet Corp)", "score": 18.0, "published": true}, {"hash": "6mzMDwxeIIz", "uri": "/contracts/6mzMDwxeIIz#net-fixed-assets", "label": "Credit Agreement (Intermet Corp)", "score": 18.0, "published": true}], "snippet": "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.", "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "net-property", "type": "definition", "offset": [44, 56]}, {"key": "plant-and-equipment", "type": "clause", "offset": [58, 77]}, {"key": "consolidated-companies", "type": "definition", "offset": [85, 107]}, {"key": "in-accordance-with", "type": "clause", "offset": [119, 137]}, {"key": "balance-sheet", "type": "definition", "offset": [167, 180]}], "size": 12, "hash": "3c94721fe1aac9c7fc5f092f1080ba34", "id": 1}, {"samples": [{"hash": "6WRX9SklV8s", "uri": "/contracts/6WRX9SklV8s#net-fixed-assets", "label": "Term Credit Agreement (Powersecure International, Inc.)", "score": 21.188911438, "published": true}, {"hash": "3xnlizTr6Jo", "uri": "/contracts/3xnlizTr6Jo#net-fixed-assets", "label": "Credit Agreement (Powersecure International, Inc.)", "score": 21.188911438, "published": true}, {"hash": "eBxzBak98ax", "uri": "/contracts/eBxzBak98ax#net-fixed-assets", "label": "Credit Agreement (Powersecure International, Inc.)", "score": 21.0, "published": true}], "snippet": "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.", "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "cost-of", "type": "clause", "offset": [44, 51]}, {"key": "borrower-and-its-subsidiaries", "type": "clause", "offset": [72, 101]}, {"key": "expense-incurred", "type": "definition", "offset": [121, 137]}, {"key": "consolidated-basis", "type": "clause", "offset": [209, 227]}, {"key": "in-accordance-with", "type": "clause", "offset": [228, 246]}], "size": 4, "hash": "8397f3b210ae6bc6cc80601a0e6ad68a", "id": 2}, {"samples": [{"hash": "29sKnkYrv1h", "uri": "/contracts/29sKnkYrv1h#net-fixed-assets", "label": "Scheme of Control Agreement", "score": 28.3115081787, "published": true}, {"hash": "gA5BuXy9vhS", "uri": "/contracts/gA5BuXy9vhS#net-fixed-assets", "label": "Scheme of Control Agreement", "score": 24.6563987732, "published": true}], "snippet": "\u200c means cost of Fixed Assets less Depreciation calculated in accordance with Section B of Schedule 2.\u200c", "snippet_links": [{"key": "cost-of", "type": "clause", "offset": [8, 15]}, {"key": "fixed-assets", "type": "definition", "offset": [16, 28]}, {"key": "in-accordance-with", "type": "clause", "offset": [58, 76]}, {"key": "b-of", "type": "definition", "offset": [85, 89]}], "size": 4, "hash": "eca79c912a191309b81cc930cde51a32", "id": 3}, {"samples": [{"hash": "b5dmGZ6H7PA", "uri": "/contracts/b5dmGZ6H7PA#net-fixed-assets", "label": "Syndicated Facility Agreement (Equinix Inc)", "score": 21.5886383057, "published": true}, {"hash": "7M33WNBZrZT", "uri": "/contracts/7M33WNBZrZT#net-fixed-assets", "label": "Facility Agreement (Equinix Inc)", "score": 19.3203277588, "published": true}], "snippet": "means at any time, with respect to a Primary Obligor the aggregate net book value of such Primary Obligor\u2019s 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).", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [6, 17]}, {"key": "with-respect-to", "type": "clause", "offset": [19, 34]}, {"key": "primary-obligor", "type": "clause", "offset": [37, 52]}, {"key": "aggregate-net-book-value", "type": "definition", "offset": [57, 81]}, {"key": "fixed-assets", "type": "definition", "offset": [108, 120]}, {"key": "each-case", "type": "definition", "offset": [125, 134]}, {"key": "in-accordance-with", "type": "clause", "offset": [149, 167]}, {"key": "reference-to", "type": "definition", "offset": [180, 192]}, {"key": "most-recent-financial-statements", "type": "definition", "offset": [197, 229]}, {"key": "under-clause", "type": "clause", "offset": [265, 277]}], "size": 2, "hash": "f9312f6d37f7af1eedab0f5eb9093afc", "id": 4}, {"samples": [{"hash": "bd9uGXbQ5m2", "uri": "/contracts/bd9uGXbQ5m2#net-fixed-assets", "label": "Bank Credit Agreement (Boeing Co)", "score": 18.0, "published": true}, {"hash": "aPv5uKOECb0", "uri": "/contracts/aPv5uKOECb0#net-fixed-assets", "label": "Bank Credit Agreement (Boeing Co)", "score": 18.0, "published": true}], "snippet": "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.", "snippet_links": [{"key": "the-excess", "type": "clause", "offset": [0, 10]}, {"key": "the-value", "type": "clause", "offset": [41, 50]}, {"key": "books-of-account", "type": "clause", "offset": [71, 87]}, {"key": "fixed-assets", "type": "definition", "offset": [111, 123]}, {"key": "date-of", "type": "clause", "offset": [173, 180]}, {"key": "valuation-reserves", "type": "definition", "offset": [234, 252]}, {"key": "in-accordance-with", "type": "clause", "offset": [289, 307]}, {"key": "accounting-principles-consistently-applied", "type": "definition", "offset": [327, 369]}], "size": 2, "hash": "887103adfc1cf849fc82c0ddf41354c4", "id": 5}, {"samples": [{"hash": "2HK9uNWdggX", "uri": "/contracts/2HK9uNWdggX#net-fixed-assets", "label": "Asset Purchase Agreement (Nortech Systems Inc)", "score": 18.0, "published": true}, {"hash": "fq6bshgTfHE", "uri": "https://ir.pineappleenergy.com/sec-filings/all-sec-filings/content/0000022701-96-000007/0000022701-96-000007.pdf", "label": "ir.pineappleenergy.com", "score": 11.1314172745, "published": false}], "snippet": "means the fixed assets of Seller, net of accumulated depreciation, as determined in accordance with GAAP.", "snippet_links": [{"key": "assets-of-seller", "type": "clause", "offset": [16, 32]}, {"key": "accumulated-depreciation", "type": "clause", "offset": [41, 65]}, {"key": "in-accordance-with", "type": "clause", "offset": [81, 99]}], "size": 2, "hash": "af17a2c91c52b4f0a544523c306cb2ab", "id": 6}, {"samples": [{"hash": "fELgBTb9hrV", "uri": "/contracts/fELgBTb9hrV#net-fixed-assets", "label": "Credit Agreement (Nortech Systems Inc)", "score": 37.1752224504, "published": true}], "snippet": "means the net fixed assets of the Borrower or any of the Borrower\u2019s Domestic Subsidiaries that are Loan Parties as reported on the Borrower\u2019s financial statements, including, without limitation, computer software and equipment, website development, telephone system, machinery and equipment, and furniture and fixtures. The value to be reported pursuant to Section 6.02(o) shall be based on the gross book value of each of these assets less the accumulated depreciation of each asset.", "snippet_links": [{"key": "the-net", "type": "clause", "offset": [6, 13]}, {"key": "assets-of-the-borrower", "type": "clause", "offset": [20, 42]}, {"key": "domestic-subsidiaries", "type": "clause", "offset": [68, 89]}, {"key": "loan-parties", "type": "definition", "offset": [99, 111]}, {"key": "financial-statements", "type": "definition", "offset": [142, 162]}, {"key": "without-limitation", "type": "clause", "offset": [175, 193]}, {"key": "computer-software-and-equipment", "type": "clause", "offset": [195, 226]}, {"key": "website-development", "type": "clause", "offset": [228, 247]}, {"key": "telephone-system", "type": "clause", "offset": [249, 265]}, {"key": "machinery-and-equipment", "type": "definition", "offset": [267, 290]}, {"key": "furniture-and-fixtures", "type": "definition", "offset": [296, 318]}, {"key": "the-value", "type": "clause", "offset": [320, 329]}, {"key": "pursuant-to-section", "type": "clause", "offset": [345, 364]}, {"key": "based-on", "type": "clause", "offset": [382, 390]}, {"key": "gross-book-value", "type": "definition", "offset": [395, 411]}, {"key": "accumulated-depreciation", "type": "clause", "offset": [445, 469]}], "size": 2, "hash": "ec0a215786ab65e98baab71eb122fd4d", "id": 7}, {"samples": [{"hash": "9BnJSaWIT5E", "uri": "/contracts/9BnJSaWIT5E#net-fixed-assets", "label": "Loan Agreement (Knight Transportation Inc)", "score": 18.0, "published": true}], "snippet": "means the consolidated net book value of all fixed assets of Borrower determined in accordance with GAAP.", "snippet_links": [{"key": "consolidated-net-book-value", "type": "definition", "offset": [10, 37]}, {"key": "assets-of-borrower", "type": "clause", "offset": [51, 69]}, {"key": "in-accordance-with", "type": "clause", "offset": [81, 99]}], "size": 2, "hash": "468cec06513028ac897bbdfc625cfbfd", "id": 8}, {"samples": [{"hash": "8u6CpdhPmhh", "uri": "/contracts/8u6CpdhPmhh#net-fixed-assets", "label": "Business Loan Agreement (Greenman Technologies Inc)", "score": 18.0, "published": true}], "snippet": "shall refer to the building, land, equipment, furniture, fixtures and vehicles of the Borrower required by GAAP to be listed as Property and Equipment on the Borrower's balance sheet less accumulated depreciation.", "snippet_links": [{"key": "the-building", "type": "definition", "offset": [15, 27]}, {"key": "of-the-borrower", "type": "clause", "offset": [79, 94]}, {"key": "required-by", "type": "definition", "offset": [95, 106]}, {"key": "property-and-equipment", "type": "definition", "offset": [128, 150]}, {"key": "balance-sheet", "type": "definition", "offset": [169, 182]}, {"key": "accumulated-depreciation", "type": "clause", "offset": [188, 212]}], "size": 1, "hash": "8440e7840c73ae377ca748c031d51779", "id": 9}, {"samples": [{"hash": "eNJsagzR5k9", "uri": "https://www.sec.gov/Archives/edgar/data/745287/000093176396000095/3.txt", "label": "Original Note Agreement (Intermet Corp)", "score": 9.0, "published": false}], "snippet": "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 the Company.", "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "net-property", "type": "definition", "offset": [44, 56]}, {"key": "plant-and-equipment", "type": "clause", "offset": [58, 77]}, {"key": "consolidated-companies", "type": "definition", "offset": [85, 107]}, {"key": "in-accordance-with", "type": "clause", "offset": [119, 137]}, {"key": "balance-sheet", "type": "definition", "offset": [167, 180]}, {"key": "of-the-company", "type": "clause", "offset": [181, 195]}], "size": 1, "hash": "f5ebbe1c6480e469a3e47cde35a765c9", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZbmV0LWZpeGVkLWFzc2V0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "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.", "title": "Net Fixed Assets", "size": 46, "id": "net-fixed-assets", "examples": ["The basic formula is as follows: FAT = (Fixed Assets / Total Assets) or Annual Sales / <strong>Net Fixed Assets</strong> The fixed asset turnover can vary substantially from industry to industry.", "<strong>Net Fixed Assets</strong> means all tangible property (real and personal), equipment and improvements of the Borrower, net of accumulated depreciation and amortization, which would appear as such on a consolidated balance sheet of the Borrower prepared at such time in accordance with generally-accepted accounting principles.", "Within 45 days after the Closing Date, Buyer shall cause Ernst &amp; Young LLP to prepare and deliver to Seller (A) a balance sheet of the Business dated as of the Closing Date (&quot;Closing Statement&quot;), utilizing the books and records of the Business, and (B) a certificate, signed by an officer of Buyer, setting forth Buyer&#x27;s calculations of the Working Capital Adjustment, <strong>Net Fixed Assets</strong> Adjustment and the Closing Adjustment.", "Deprec.) (11,552) (12,189) (12,880) (13,597) -------- -------- -------- -------- <strong>Net Fixed Assets</strong> 7,080 7,943 7,752 7,535 Intangible Assets - Net 8,792 8,522 8,252 7,982 Total Assets $ 24,529 $ 23,815 $ 23,475 $ 23,509 ======== ======== ======== ======== LIABILITIES Revolving Line of Credit $ 8,996 $ 9,246 $ 8,896 $ 8,696 Accounts Payable 1,818 1,645 2,187 2,457 Curr.", "The &quot;<strong>Net Fixed Assets</strong> of the Business&quot; shall be the plant, property, equipment and leasehold improvements of the Business as determined by the Company in accordance with past practices of the Company and consistent with the books and records of the Company.", "For purposes of this Agreement, &quot;Closing <strong>Net Fixed Assets</strong>&quot; shall mean the <strong>net fixed assets</strong> of the Business as of the Closing Date, as set forth on the Closing Statement.", "Deprec.) (9,752) (10,377) $ 10,437) (10,917) -------- -------- -------- -------- <strong>Net Fixed Assets</strong> 3,402 4,665 4,959 5,715 Intangible Assets - Net 10,108 9,663 9,332 9,062 Total Assets $ 20,526 $ 20,886 $ 20,038 $ 22,042 ======== ======== ======== ======== LIABILITIES Revolving Line of Credit $ 4,300 $ 4,500 $ 4,546 $ 5,796 Accounts Payable 2,172 1,789 1,553 2,399 Curr.", "For purposes of this Agreement, &quot;<strong>Net Fixed Assets</strong> Adjustment&quot; shall mean the amount by which the Closing <strong>Net Fixed Assets</strong> of the Company are more or less than $27,365,000 (I.E., <strong>NET FIXED ASSETS</strong> AS OF MAY 31, 2000).", "If the Closing <strong>Net Fixed Assets</strong> are less than $27,365,000 (I.E., <strong>NET FIXED ASSETS</strong> AS OF MAY 31, 2000), then the <strong>Net Fixed Assets</strong> Adjustment shall be a negative number for purposes of determining the Closing Adjustment.", "The Buyer shall have received a certificate from a &quot;Big Six&quot; accounting firm retained by the Shareholders setting forth the <strong>Net Fixed Assets</strong> as of June 30, 1997 of each of the Companies together with their respective Subsidiaries, as derived from the Audited Balance Sheets."], "related": [["fixed-assets", "Fixed Assets", "Fixed Assets"], ["fixed-asset-supplies", "Fixed Asset Supplies", "Fixed Asset Supplies"], ["fixed-asset", "Fixed Asset", "Fixed Asset"], ["adjusted-consolidated-net-tangible-assets", "Adjusted Consolidated Net Tangible Assets", "Adjusted Consolidated Net Tangible Assets"], ["leased-assets", "Leased Assets", "Leased Assets"]], "related_snippets": [], "updated": "2026-03-08T04:26:59+00:00"}, "json": true, "cursor": ""}}