Net PP&E means, at any time, the net book value of the applicable Borrower’s property, plant and equipment determined in accordance with GAAP as set forth in the most recent financial statements delivered pursuant to Section 6.06.
Net PP&E in relation to a Group Company, means at any time and on a consolidated basis, the aggregate net book value of all property, plant and equipment treated as such in accordance with the generally accepted accounting principles applicable in the Relevant Jurisdiction excluding any assets that have been encumbered as permitted under paragraphs (h) and (i) of the definition of “Permitted Encumbrances”.
Net PP&E means, as of any date the net book value of all tangible assets of Borrower as of such date on a consolidated basis that (i) have an estimated useful life of more than one (1) year as of the date of determination of the amount of Net PP&E, (ii) are not intended for sale in the ordinary course of business and (iii) are intended to be used or available for use by the Borrower or one of the Subsidiaries.
Examples of Net PP&E in a sentence
The measure of tangible assets is Net PPE, deflated by capital deflator.
The “Adjustment Amount” will be the sum of the following amounts: the Net PPE Adjustment, plus the Net Other Regulatory Amount, plus the Working Capital Amount, minus the OPEB Adjustment Amount.
Net PPE is part of a firm’s total assets, but gross PPE is not, because the accumulated depreciation is not part of the existing assets.
Since this type of investment is characterised by low risk, a negative relation between Net PPE and incentive compensation is expected.
When providing an estimate for Net PPE, please exclude property, plant or equipment not included as collateral in the proposed mortgage, such as equipment secured by other lenders (e.g., equipment under lease).
More Definitions of Net PP&E
Net PP&E means, as of any date the net book value of all tangible assets of the Company as of such date on a consolidated basis that (i) have an estimated useful life of more than one (1) year as of the date of determination of the amount of Net PP&E, (ii) are not intended for sale in the ordinary course of business and (iii) are intended to be used or available for use by the Company or one of the Subsidiaries.
Net PP&E means, in respect of the relevant entity, all buildings, machinery, equipment, and other assets that are: (a) classified as property, plant and equipment in the financial statements (net of accumulated depreciation) prepared in accordance with the principles applied in the FY22 Financials; and (b) in which the applicable entity has valid title to, or a valid and enforceable interest in, and uses in the conduct of their business as conducted as of the date hereof, free and clear of all liens;
Net PP&E means, at any date, the aggregate net book value of the property, plant and equipment of the Restricted Companies (determined on a combined basis without duplication in accordance with GAAP) at the end of the most recently-completed fiscal quarter.
Net PP&E means Target’s net book value of property, plant and equipment as of the Closing. An illustrative calculation of Net PP&E as of March 31, 2006 is included in E xhibit C attached hereto.
Net PP&E means property, plant and equipment of the Company and its Consolidated Subsidiaries determined in accordance with GAAP.
Net PP&E for any date of determination, the value of the plant, property and equipment related to a Key Property (other than any such Property that constitutes an Excluded Asset (as defined in the Pledge and Security Agreement)), as reflected on the consolidated balance sheet of the Group Members for the last day of the most recently completed fiscal quarter required to be delivered to the Lenders pursuant to Section 6.1, determined in accordance with GAAP, less accumulated amortization, depletion, depreciation or similar charges in respect of such plant, property and equipment.
Net PP&E means the Company’s net property, plant and equipment, as reported on the Company’s reviewed or audited, as applicable, consolidated balance sheet.