NET WORTH OF THE COMPANY definition

NET WORTH OF THE COMPANY means an amount equal to (i) the aggregate value of the consolidated assets of the Retained Business less (ii) the aggregate value of the consolidated liabilities of the Retained Business, each as reflected on the books and records of the Company as of the most recent quarterly period ended prior to the date of the consummation of the Offer. (b) For a period of six years after the Effective Time, Parent shall use reasonable efforts to cause to be maintained in effect the current policies of directors and officers liability insurance maintained by the Company (provided that Parent may substitute therefor policies with reputable and financially sound carriers of at least the same coverage and amounts containing terms and conditions which are no less advantageous) with respect to claims arising from or related to facts or events which occurred at or before the Effective Time; provided, that Parent shall not be obligated to make annual premium payments for such insurance to the extent such premiums exceed 150% of the annual premiums paid as of the date hereof by the Company for such insurance (the "MAXIMUM AMOUNT"). If the amount of the annual premiums necessary to maintain or procure such insurance coverage exceeds the Maximum Amount, Parent and the Surviving Corporation shall maintain the most advantageous policies of directors, and officers' insurance obtainable for an annual premium equal to the Maximum Amount. (c) The provisions of this Section 6.14 are intended to be for the benefit of, and shall be enforceable by, each Indemnified Party, his or her heirs and his or her representatives. SECTION 6.15
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NET WORTH OF THE COMPANY means the amount of shareholders’ equity as shown by the most recent audited balance sheet of the Company, prepared in accordance with generally accepted accounting principles as applied in Canada.
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NET WORTH OF THE COMPANY means the total assets of the Company less the total liabilities of the Company including any costs of conversion from a cash basis to an accrual method of accounting, determined in accordance with GAAP, consistently applied and on the accrual method of accounting. In calculating the total assets of the Company, no material increase in the intangible assets of the Company since December 31, 1998 shall be included in calculating the Net Worth of the Company without the written consent of the Acquirer. Notwithstanding the foregoing, (i) the cost associated with the mail server discussed in Section 6.8 below shall be accounted for in the calculation ----------- of both the assets and liabilities of the Net Worth of the Company and (ii) $60,000 of the Company's accounting cost as described in Section 11.11 below shall not accounted for in the calculation of the Net Worth of the Company.
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Examples of NET WORTH OF THE COMPANY in a sentence

  • Precious Shipping Public Company LimitedIn the event that the Board of Directors does not hold a shareholders’ meeting within the period prescribed in the previous paragraph, the shareholders who made the request or any other shareholders with the required aggregate number of shareholding may call a shareholders’ meeting within 45 days of the end of the aforementioned period.

  • Based on the latest available Balance Sheet, net worth shall be calculated as follows: Share CapitalPlus: Reserves (excluding revaluation Reserve) Less: Miscellaneous ExpenditureLess: Intangible Assets (in case of unlisted securities)Less: P & L Accounts (Debit Balance) The resultant figure is the Net Worth of the Company, which when divided by the numbers of shares outstanding gives the net worth per share.

  • B Financial Criteria (i) Net WorthThe Net Worth of the Company should be equal to or greater than the value calculated at the rate of Rs 1.5 Crores or equivalent US$ per MW (as per Note 1 of Clause 3.8 B i) of the project capacity.

  • The Net Worth of MMTPL as on 31st March, 2021 was Rs. 10.4 Crores and after elimination of inter-company balances with the Mahindra Group, contributed Rs.10.4 Crores or 0.02% of the Consolidated Net Worth of the Company.

  • Nature and Activities of the Applicant Furnish list of Directors/Partners of the Organisation Income Tax PAN Details of the Applicant Details of the Earlier RE Project setup by the Applicant Basic Documents of the Company10 Net Worth of the Company (Enclose Certified true copies of financial statements) Estimated cost of the proposed project (in Rs Lakh) 10 Enclose Memorandum of Association & Articles of Association of a Company/ Certificate of Incorporation, in case of Pvt.

  • The Net Worth of the Company was Rs. 8601.82 lakhs as at June 30, 2007 as per the restated stand-alone financial statements; and Rs. 8354.30 lakhs as at June 30, 2007 as per restated consolidated statements.

  • The Net Worth of the Company has been fully eroded and is negative as on March 31, 2013.

  • Capacity Addition (in relation to the capacity expansion plan of a given manufacturing unit) - If its impact would exceed 10% of the Consolidated Net Worth of the Company.

  • H.R. 1797 IMPERILS THE LIFE AND WELL–BEING OF WOMEN H.R. 1797 criminalizes virtually all abortions after 20 weeks ges- tation, without making any provision for the difficult and often dangerous circumstances a woman may face.

  • Certificate from the Chartered Account showing the "Net Worth" of the Company.


More Definitions of NET WORTH OF THE COMPANY

NET WORTH OF THE COMPANY means the shareholders' equity as shown on the Closing Date Financial Statements.
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NET WORTH OF THE COMPANY means the amount by which the ------------------------ Company's Total Asset Value exceeds its Total Liability Value as of a given date.
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Related to NET WORTH OF THE COMPANY

  • Net Worth of Lessee means the net worth of Lessee (excluding any guarantors) established under generally accepted accounting principles.

  • Net Worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.

  • Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.

  • Book Net Worth means the aggregate of the common and preferred stockholders' equity in the Borrower, determined in accordance with GAAP.

  • Consolidated Parties means a collective reference to the Borrower and its Subsidiaries, and "Consolidated Party" means any one of them.

  • Tangible Net Worth is, on any date, the consolidated total assets of Borrower and its Subsidiaries minus, (i) any amounts attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, Patents, trade and service marks and names, Copyrights and research and development expenses except prepaid expenses, and (c) reserves not already deducted from assets, and (ii)

  • Consolidated Entities as of any date of determination, any entities whose financial results are consolidated with those of Kimco in accordance with GAAP.

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Consolidated Liabilities means the sum of (i) all liabilities that, in accordance with GAAP, should be classified as liabilities on a consolidated balance sheet of Borrower and its Consolidated Subsidiaries and the Guarantors, and (ii) to the extent not included in clause (i) of this definition, all Redeemable Preferred Stock.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.

  • Effective Tangible Net Worth means the Borrower’s stated net worth plus Subordinated Debt but less all intangible assets of the Borrower (i.e., goodwill, trademarks, patents, copyrights, organization expense, and similar intangible items including, but not limited to, investments in and all amounts due from affiliates, officers or employees).

  • Consolidated Entity means at any date any Subsidiary, and any other entity the accounts of which would be combined or consolidated with those of the Borrower in its combined or consolidated financial statements if such statements were prepared as of such date.

  • Minimum Tangible Net Worth means, with respect to the Parent, at any time, the sum of (a) $1,418,939,250 plus (b) 75% of the aggregate net proceeds received by the Parent or any of its Subsidiaries after September 30, 2013 in connection with any offering of Stock or Stock Equivalents of the Parent or its Subsidiaries; provided however, that any such net proceeds used solely for the purpose of redeeming the Parent’s preferred stock shall not be included in such sum.

  • Unconsolidated Affiliates means an Affiliate of the Borrower whose financial statements are not required to be consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP applied on a consistent basis.

  • Adjusted Tangible Net Worth As of the date of determination thereof, the sum of: (i) Servicer's Tangible Net Worth; plus (ii) one percent (1%) of the amount of Servicer's servicing portfolio, as determined by the Master Servicer in the Master Servicer's reasonable discretion.

  • Immaterial Subsidiaries means those Subsidiaries of the Borrower that are “designated” as Immaterial Subsidiaries by the Borrower from time to time (it being understood that the Borrower may at any time change any such designation); provided that such designated Immaterial Subsidiaries shall collectively meet all of the following criteria as of the date of the most recent balance sheet required to be delivered pursuant to Section 5.01: (a) the aggregate assets of such Subsidiaries and their Subsidiaries (on a consolidated basis) as of such date do not exceed an amount equal to 3% of the consolidated assets of the Borrower and its Subsidiaries as of such date; and (b) the aggregate revenues of such Subsidiaries and their Subsidiaries (on a consolidated basis) for the fiscal quarter ending on such date do not exceed an amount equal to 3% of the consolidated revenues of the Borrower and its Subsidiaries for such period.

  • Consolidated Current Liabilities means, as at any date of determination, the consolidated current liabilities of the Borrower and its Restricted Subsidiaries that may property be classified as current liabilities in conformity with GAAP, excluding, without duplication, the current portion of any long-term Indebtedness.

  • Material Subsidiaries Subsidiaries of the Borrower constituting, individually or in the aggregate (as if such Subsidiaries constituted a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.