NET WORTH SURPLUS definition

NET WORTH SURPLUS means with respect to the Target and its Subsidiaries the amount, if any, by which the Closing Net Worth of the Target and its Subsidiaries exceeds three million six hundred and seventy-one thousand dollars ($3,671,000).
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NET WORTH SURPLUS shall have the meaning set forth in Section 2.3(e) of this Agreement.
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NET WORTH SURPLUS has the meaning set forth in Section 7.7 below.
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More Definitions of NET WORTH SURPLUS

NET WORTH SURPLUS means the amount by which the Corporations' Effective Date Net Worth exceeds the Target Net Worth.
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NET WORTH SURPLUS. The amount (if any) by which the Net Worth exceeds (pound)780,000 (seven hundred and eighty thousand pounds)
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NET WORTH SURPLUS is defined in Section 3.1.
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NET WORTH SURPLUS means, the amount, if any, by which (i) the Adjusted Net Worth, as finally determined pursuant to Section 1.4.3 hereof, exceeds (ii) $63,800,000.
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Related to NET WORTH SURPLUS

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Adjusted Operating Surplus means, with respect to any period, (a) Operating Surplus generated with respect to such period less (b) (i) the amount of any net increase in Working Capital Borrowings (or the Partnership’s proportionate share of any net increase in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period and (ii) the amount of any net decrease in cash reserves (or the Partnership’s proportionate share of any net decrease in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period not relating to an Operating Expenditure made with respect to such period, and plus (c) (i) the amount of any net decrease in Working Capital Borrowings (or the Partnership’s proportionate share of any net decrease in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period, (ii) the amount of any net decrease made in subsequent periods in cash reserves for Operating Expenditures initially established with respect to such period to the extent such decrease results in a reduction in Adjusted Operating Surplus in subsequent periods pursuant to clause (b)(ii) above and (iii) the amount of any net increase in cash reserves (or the Partnership’s proportionate share of any net increase in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period required by any debt instrument for the repayment of principal, interest or premium. Adjusted Operating Surplus does not include that portion of Operating Surplus included in clause (a)(i) of the definition of “Operating Surplus.”

  • 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.

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.