Tangible Assets definition

Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

Tangible Assets means all tangible personal property and interests therein, including inventory, machinery, computers and accessories, furniture, office equipment, communications equipment, and other tangible property.

Tangible Assets means, at any date, the gross book value as shown by the accounting books and records of any Person of all its property both real and personal, less (i) the net book value of all its licenses, patents, patent applications, copyrights, trademarks, trade names, goodwill, non-compete agreements or organizational expenses and other like intangibles, (ii) unamortized Debt discount and expenses, (iii) all reserves for depreciation, obsolescence, depletion and amortization of its properties and (iv) all other proper reserves which in accordance with GAAP should be provided in connection with the business conducted by such Person.

Examples of Tangible Assets in a sentence

• Negotiable Documents and Tangible Assets covered by Negotiable Documents A Security Right in a Negotiable Document extends to the Tangible Asset covered by the document, provided that the issuer of the document is in Possession of the Tangible Asset at the time the Security Right in the document is created.

• Tangible Assets with respect to which Intellectual Property is used A Security Right in a Tangible Asset with respect to which Intellectual Property is used does not extend to the Intellectual Property and a Security Right in the Intellectual Property does not extend to the Tangible Asset.

• Useful Lives and Salvage Values of Tangible Assets: Group has allocated depreciation over tangible assets by taking into consideration the useful lives and salvage values explained in Note 2.3.3. Deferred Tax: Deferred tax assets and liabilities are recorded using substantially enacted tax rates for the effect of temporary differences between book and tax bases of assets and liabilities.

• All the Tangible Assets (including leasehold interests) are free and clear of Liens, other than the Permitted Liens.

• Negotiable Documents and Tangible Assets covered by Negotiable Documents (1) Subject to Article 56(2), a Security Right in a Tangible Asset made effective against third parties by Possession of the Negotiable Document covering that asset has Priority over a competing Security Right made effective against third parties by any other method.

More Definitions of Tangible Assets

Tangible Assets means at any date, with respect to any Person, (a) the sum of all amounts that would, in accordance with GAAP, be set forth opposite the caption “total assets” (or any like caption) on a consolidated balance sheet of such Person at such date minus (b) the sum of all amounts that would, in accordance with GAAP, be set forth opposite the captions “goodwill” or other intangible categories (or any like caption) on a consolidated balance sheet of such Person on such date.

Tangible Assets means the amount shown as total assets on the most recent balance sheet of the Company, less: (i) intangible assets, including, but without limitation, goodwill, trademarks, trade names, patents and unamortized debt discount and expense and (ii) appropriate adjustments, if any, on account of minority interests; provided, however, that if, subsequent to the date of the most recent balance sheet of the Company, the Company acquires any property, whether by acquisition (including by way of capital lease) from a third party, through merger or consolidation, through construction, development or substantial repair, alteration or improvement of property, or by any other means, and such property is or becomes subject to any Mortgage securing Debt, the Company may prepare a pro forma balance sheet to include the value of such property in any calculation of Tangible Assets hereunder. Subject to the foregoing, Tangible Assets shall be determined in accordance with generally accepted accounting principles and practices applicable to the type of business in which the Company is engaged and that are approved by the independent accountants regularly retained by the Company, and may be determined as of a date not more than 60 days prior to the happening of the event for which such determination is being made. ARTICLE THREE

Tangible Assets means the total consolidated assets, less goodwill and intangibles, of OI Group and its Restricted Subsidiaries, as shown on the most recent balance sheet of OI Group.

Tangible Assets has the meaning given that term in Section 2.1(a).

Tangible Assets means, at any date, Consolidated Total Assets (less depreciation, depletion and other properly deductible valuation reserves) after deducting (but without duplication) Intangible Assets.

Tangible Assets means total assets of the Company and its Restricted Subsidiaries, as reflected in accordance with GAAP on the face of the consolidated balance sheet of the Company and its Restricted Subsidiaries for the most recently ended fiscal quarter for which financial statements are available, less goodwill, trademarks, trade names, copyrights, patents, organizational expenses, capitalized research and development costs and unamortized deferred tax assets and other like intangibles of the Company and its Restricted Subsidiaries.

Tangible Assets means, at any time, Total Assets minus the sum of the items identified in clause (c) of the definition in this Section 1.01 of the term “Tangible Net Worth”.