Net Total Assets definition

Net Total Assets means the Total Assets less any cash and cash equivalents of the Group in accordance with the Accounting Principles.
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Net Total Assets means the consolidated book-value of all assets of all Group Companies but excluding financial assets and cash equivalent assets calculated in accordance with the Accounting Principles.
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Net Total Assets means, as of any date of determination and without duplication (a) 70% of Receivables of the Borrower and its consolidated Subsidiaries (as reflected on the most recent balance sheet furnished to the Lenders hereunder), plus (b) 40% of the value of Inventory of the Borrower and its consolidated Subsidiaries (as reflected on the most recent balance sheet furnished to the Lenders hereunder), plus (c) 100% of Unrestricted Cash minus (d) consolidated current liabilities of the Borrower and its Subsidiaries (other than (i) Secured Obligations hereunder and (ii) unrealized net losses in the fair market value of any arrangements under Hedging Arrangements, but including any losses attributable to the early extinguishment or conversion of arrangements under Hedging Arrangements or other derivative instruments, in each case, which constitute current liabilities).
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Examples of Net Total Assets in a sentence

  • The Final First Closing Net Total Asset Statement prepared by the Sellers (and the Final First Closing Net Total Assets set forth thereon) and First Closing P&L (and the First Closing Earnings set forth thereon) shall be binding unless the Purchaser notifies the Sellers of any objection to such statement or amount within ten (10) Business Days of receipt.

  • Pursuant to Section I of Article 217 and Section V of Article 213 of the LGTOC, the Mexican Trustee hereby represents that it has confirmed the date set forth in the balance sheet dated December 31, 2010 of the Issuer and the Net Total Assets.

  • Each capitalized term used but not otherwise defined herein shall have the meaning specified in the Credit Agreement or the Collateral Agreement, as applicable.

  • Pursuant to Section I of Article 217 and Section V (a) of Article 213 of the LGTOC, the Mexican Trustee hereby represents that it has confirmed the data set forth in the balance sheet dated March 31, 2015 of the Issuer and the Net Total Assets.

  • For purposes of this Agreement, the term "Net Total Assets" shall mean the difference between the book value of the Assets acquired by Buyer less the book value of the Assumed Liabilities assumed by Buyer, in each case determined in accordance with United States generally accepted accounting principles consistently applied ("GAAP") and the Seller's historical accounting practices consistently applied.

  • If the parties are unable to finally resolve such objections within thirty (30) days after Seller has received the statement of objections, Buyer and Seller will select a mutually acceptable, independent accounting firm (the "Accountant") to resolve any remaining objections and/or, if mutually agreed to by Buyer and Seller, conduct an audit of the Closing Net Total Assets as of the Closing Date.

  • Set forth in Section 3.6 of the Disclosure Schedule is Seller's unaudited balance sheet for the Business as of December 31, 2004 (the "December 31, 2004 Balance Sheet"), which shall be used as an example of the method of calculation and the categories that shall be used in the determination of the Closing Net Total Assets.

  • In the event that the Net Total Assets (as defined in Section 2.2.1) as of the Closing Date (the "Closing Net Total Assets") is less than $2,430,000 (the "Target Net Total Assets"), the Purchase Price shall be reduced by the amount by which the Target Net Total Assets exceeds the Closing Net Total Assets.

  • In the event that the Closing Net Total Assets is more than the Target Net Total Assets, the Purchase Price shall be increased by the amount by which the Closing Net Total Assets exceeds the Target Net Total Assets.

  • Pursuant to Section I of Article 217 and Section V of Article 213 of the LGTOC, the Mexican Trustee hereby represents that it has confirmed the data set forth in the balance sheet dated December 31, 2014 of the Issuer and the Net Total Assets.


More Definitions of Net Total Assets

Net Total Assets means total assets less current liabilities long-term debts, deferred income and other liabilities;
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Net Total Assets means, with respect to the Acquired Entities and the Projected July 31 Balance Sheet, the Estimated July 31 Balance Sheet and the Closing Date Balance Sheet, using the amounts as stated on each such balance sheet under the following captions, (a) TOTAL ASSETS, reduced by the sum of (i) Cash and Cash Equivalents, (ii) Investment in Derivatives, (iii) Accounts Receivable from Related Parties, (iv) Other Inventories, and (v) Investment in Unconsolidated Entities (except that portion attributable to Polygon Mortgage), minus (b) TOTAL LIABILITIES reduced by the sum of (i) Accrued Employee Profit Sharing, (ii) Accrued Interest Payable, (iii) Notes Payable, (iv) Liability for Warranty Costs and (v) Other Liabilities.
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Net Total Assets means the difference between the book value of the Assets acquired by Buyer less the book value of the Assumed Liabilities assumed by Buyer, in each case determined in accordance with United States generally accepted accounting principles consistently applied ("GAAP") and the Seller's historical accounting practices consistently applied. Set forth in Section 3.6 of the Disclosure Schedule is Seller's unaudited balance sheet for the Business as of December 31, 2004 (the "December 31, 2004 Balance Sheet"), which shall be used as an example of the method of calculation and the categories that shall be used in the determination of the Closing Net Total Assets. For purposes of determining the book value of Assets and Assumed Liabilities, the following shall apply:
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Related to Net Total Assets

  • Total Assets as of any date means the sum of (i) the Undepreciated Real Estate Assets and (ii) all other assets of the Company and its Subsidiaries determined in accordance with GAAP (but excluding accounts receivable and intangibles).

  • Adjusted Total Assets means, for any Person, the sum of:

  • Consolidated Total Assets means, as of the date of any determination thereof, total assets of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.

  • Total Asset Value means as of any date of determination the sum (without duplication) of all of the following of the Borrower, the REIT Guarantor and their Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) with respect to each Property (other than Development Properties, the Market Square Property and Properties with a negative Net Operating Income) owned for four (4) consecutive fiscal quarters by the Borrower, the REIT Guarantor or any of their respective Subsidiaries, the quotient of (i) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (ii) the applicable Capitalization Rate, plus (c) with respect to each Property acquired during the most recent four (4) fiscal quarters of the Borrower, the greater of (i) the quotient of (A) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the applicable Capitalization Rate, and (ii) the undepreciated GAAP book value (after taking into account any impairments) of such Property, plus (d) with respect to the Market Square Property, the greater of (1) the quotient of (A) Net Operating Income less Capital Reserves attributable to the Market Square Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the Capitalization Rate for CBD or Urban Infill Properties, and (2) the undepreciated GAAP book value (after taking into account any impairments) of the Market Square Property, plus (e) the undepreciated GAAP book value (after taking into account any impairments) for Construction-In-Process for Development Properties, plus (f) the undepreciated GAAP book value (after taking into account any impairments) of Unimproved Land. The Borrower’s pro rata share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in Total Asset Value calculations consistent with the above described treatment for wholly owned assets. For purposes of determining Total Asset Value, Net Operating Income from Properties acquired or disposed of by the Borrower, any Subsidiary of the Borrower or any Unconsolidated Affiliate during the immediately preceding four (4) fiscal quarters of the Borrower shall be excluded from clause (b) above. For purposes of determining Total Asset Value, Total Asset Value attributable to the following investments in excess of the limitations set forth below shall be excluded from Total Asset Value:

  • Consolidated Total Asset Value means, at a given time, the sum (without duplication) of all of the following of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP applied on a consistent basis: (a) Unrestricted Cash; plus (b) the quotient of (i) the Net Operating Income for each Property owned, or leased as lessee under a ground lease, by the Borrower or any Subsidiary (including any 1031 Property but excluding a Property the value of which is included in the determination of Consolidated Total Asset Value under any of the immediately following clauses (c) or (e)), for the fiscal quarter most recently ended multiplied by 4, divided by (ii) the applicable Capitalization Rate; plus (c) the acquisition cost of Properties (including any 1031 Property) acquired during the period of six fiscal quarters most recently ended; provided that the Borrower may irrevocably elect that the value of a recently acquired Property not yet owned for six quarters be determined in accordance with the preceding clause (b); plus (d) all Construction-in-Process for all Development Properties; plus (e) the aggregate Major Redevelopment Property Values of all Major Redevelopment Properties; plus (f) the GAAP book value of Unimproved Land; plus (g) the contractual purchase price of Properties of the Borrower and its Subsidiaries subject to purchase obligations, repurchase obligations, forward commitments and unfunded obligations but only to the extent such amounts are included in determinations of Consolidated Total Indebtedness; plus (h) Marketable Securities, valued at the lower of cost or Fair Market Value (to the extent that the Fair Market Value of such Marketable Securities is reasonably capable of being verified or is otherwise acceptable to the Administrative Agent); plus (i) the aggregate book value of Mortgage Receivables. The Borrower’s Ownership Share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a) and (h)) will be included in the calculation of Consolidated Total Asset Value consistent with the above described treatment for wholly owned assets. Properties disposed of during the fiscal quarter most recently ended shall not be included in the calculation of Consolidated Total Asset Value. Other Commercial Properties may only contribute to Consolidated Total Asset Value to the extent applicable under clause (c) above. In addition, to the extent (A) the amount of Consolidated Total Asset Value attributable to assets held by Unconsolidated Affiliates would exceed 20.0% of Consolidated Total Asset Value, such excess shall be excluded from Consolidated Total Asset Value and (B) the amount of Consolidated Total Asset Value attributable to Marketable Securities, Development Properties, Major Redevelopment Properties, Unimproved Land and Mortgage Receivables would exceed 30.0% of Consolidated Total Asset Value, such excess shall be excluded from Consolidated Total Asset Value.