Net Liquid Assets means the sum of the Corporation’s cash and cash equivalents and the liquidation value of the Corporation’s other disposable assets, as determined by the Board of Directors in its sole and absolute discretion.
Net Liquid Assets means (i) (a) all cash and cash equivalents, (b) level I assets, (c) all bonds classified as level II assets and restricted equity securities valued at 50% of their freely tradable value, (d) the intrinsic value of level III warrants that are currently exercisable, (e) due from brokers, (f) current account receivables, and (g) prepaid expenses, less (ii) all liabilities, excluding deferred rent payable; all as determined in accordance with GAAP.
Net Liquid Assets means Liquid Assets excluding Restricted Cash or Cash Equivalents.
Examples of Net Liquid Assets in a sentence
This percentage is calculated as follows: Net Liquid Assets / (permanent mortgage loans of proposed development + permanent mortgage loans of not yet placed in service projects) > .029If this requirement cannot be met, the applicant may provide confirmation from the equity provider of its acceptance of applicant’s financial capabilities.
The applicable definitions and guidance can be found in the JFSC publication: Definitions and Guidance on the Adjusted Net Liquid Assets (ANLA) Calculation.
Where a registered person is a Jersey registered company that holds a registration to undertake deposit-taking business, and consequently provides the JFSC with a quarterly prudential report, the Adjusted Net Liquid Assets (ANLA) requirements set by the Code do not apply.
A surplus of Adjusted Net Liquid Assets over Expenditure Requirements in the ratio of 110% - in accordance with the calculation set out in the First Schedule and a net assets position evidenced in the registered person’s accounts.
Where a registered person is a Jersey registered company that holds a registration to undertake deposit-taking business, and consequently provides the JFSC with a quarterly prudential report, the Adjusted Net Liquid Assets ( ANLA) requirements set by the Code do not apply.
More Definitions of Net Liquid Assets
Net Liquid Assets means, as of any date, the total assets of Borrower and its consolidated Subsidiaries (other than RJ Bank) minus, without duplication, (i) Illiquid Assets and (ii) any segregated assets.
Net Liquid Assets means the sum of (i) the Company’s cash and cash equivalents as of the Closing (as included and certified in the Net Working Capital Certificate) and (ii) the Severance Benefits less the sum of (i) any Debt which remains unpaid as of Closing and (ii) any additional Debt which Company incurs between the Agreement Date and the Closing Date which remains unpaid as of the Closing. Net Liquid Assets does not include (i) the amount of any unpaid Transaction Expenses incurred by Company or assumed by Acquirer on behalf of Company.
Net Liquid Assets means, as of any date, the aggregate amount of cash, marketable securities, certificates of deposit with maturities of less than one year and other cash equivalents of Capri (and any Subsidiaries whose assets are consolidated with Capri under GAAP), determined in accordance with GAAP, minus (X) the outstanding aggregate liabilities of Capri (and any such consolidated Subsidiaries) which are secured by any of the foregoing, including arbitrage lines of credit and minus (Y) the aggregate amount of any liquidity deposits which Capri (or any of such consolidated Subsidiaries) is required to maintain with Xxxxxx Xxx.
Net Liquid Assets means, at any time with respect to any Guarantor (x) the aggregate amount of cash, marketable securities, certificates of deposit and other cash equivalents of such Guarantor, plus accounts receivable collectible within ninety (90) days provided the account debtor is not an Affiliate of such Guarantor, minus (y) the aggregate liabilities of such Guarantor with an unexpired term of one (1) year or less.
Net Liquid Assets means the difference between (i) the sum of $__________, which represents the value of the Company's inventory as of the Closing Date that was purchased from Parent, plus all payments received after the Closing Date in respect of accounts receivable of the Company, including those accounts receivable assigned by ProHealthCare to the Company pursuant to Section 10.2(m), that were outstanding on the Closing Date ("Accounts Receivable"), minus (ii) the sum of all payments made by the Company, the Surviving Corporation, Parent or any affiliate of any of them after the Closing Date in respect of liabilities of the Company and ProHealthCare that existed as of the Closing Date, including payments pursuant to section 9.5 of this agreement, and the value of all unpaid liabilities (as determined in accordance with generally accepted accounting principles ("GAAP")) of the Company and ProHealthCare that existed as of the Closing Date, plus all financing charges and similar fees incurred, after the Closing Date, by Parent or the Surviving Corporation in connection with the discharge of liabilities of the Company or ProHealthCare that existed as of the Closing Date less any liabilities that were reduced, written off, waived, assumed by ProHealthCare pursuant to an assignment and assumption agreement in the form of Exhibit X- 0 to this agreement or that otherwise will not be payable by the Surviving Corporation. It is understood that to the extent that Parent or Sub incurs debt to satisfy accounts payable of the Company, interest, financing and other actual costs related to such debt will reduce Net Liquid Assets, and, as Accounts Receivable of the Company are collected, collected amounts shall be deemed to reduce the principal of such borrowed funds for purposes of calculating ongoing costs.
Net Liquid Assets means the Consolidated Liquid Assets of the Guarantor and its Subsidiaries at such time.
Net Liquid Assets means, as of the relevant time, the (i) cash, marketable securities, inventory, prepaid expenses and accounts receivable, less (ii) accrued liabilities, trade payables, any accrued or contingent transaction costs or expenses not otherwise covered in this clause (ii) and indebtedness of the Company; in each case (other than contingent transaction costs and expenses), determined in accordance with IFRS applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the most recent audited consolidated financial statements of the Company included in the Company Filings; provided that any increases in long term deferred revenue from the date hereof will be included in the indebtedness of the Company for the purpose of clause (ii) of this definition.