Tangible Assets definition

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.
Tangible Assets means the total of all assets appearing on a balance sheet of the Borrower prepared in accordance with GAAP (with Inventory being valued at the lower of cost or market), after deducting all proper reserves (including reserves for Depreciation) minus the sum of (i) goodwill, patents, trademarks, prepaid expenses, deposits, deferred charges and other personal property which is classified as intangible property in accordance with GAAP, and (ii) any amounts due from shareholders, Affiliates, officers or employees of the Borrower.

Examples of Tangible Assets in a sentence

  • The subject of the affected standards and changes are as follows: - TFRS 5 Tangible Assets Held for Sale and Discontinued Operations – change in disposal methods - TFRS7 Financial Instruments: Disclosures – Service Agreements; changes of applicable to interim summary financial statement according to TFRS 7.

  • Non-Current Assets (a) Fixed Assets (i) Tangible Assets 118,968,86075,61,451(ii) Intangible Assets 12222,9034,93,04,943(iii) Capital Work In Progress--(iv) Intangible Assets Under Development--(b) Non-Current Investments 131,08,33,4001,18,34,400(c) Deferred Tax Assets (Net) 146,924,2870(d) Long term loans and advances--(e) Other non current assets 15015,495,6052.

More Definitions of Tangible Assets

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 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 captionsgoodwill” or other intangible categories (or any like caption) on a consolidated balance sheet of such Person on such date.
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 has the meaning set forth in Section 3.15.