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discount and research and development costs), (b) cash held in a sinking or other similar fund established for the purpose of redemption or other retirement of capital stock, (c) to the extent not already deducted from total assets, reserves for depreciation, depletion, obsolescence, or amortization of properties and other reserves or appropriations of retained earnings which have been or should be established in connection with Affiliate's business under GAAP, and (d) any revaluation or other write-up in book value of assets subsequent to the fiscal year of Affiliate last ended at the date Tangible Net Worth is being measured.", "id": "tangible-net", "examples": ["Comply with the following covenants and ratios: <strong>TANGIBLE NET</strong> WORTH.", "There shall be no decrease in the amount of the acquired CONSOLIDATED <strong>TANGIBLE NET</strong> WORTH for any negative CONSOLIDATED NET INCOME of the BORROWERS.", "FINANCIAL COVENANTS 41 Section 7.1 MINIMUM <strong>TANGIBLE NET</strong> WORTH 41 Section 7.2 LOAN TO VALUE RATIO 41 ARTICLE 8.", "MINIMUM CONSOLIDATED <strong>TANGIBLE NET</strong> WORTH........................................................59 9.12.", "Use its commercially reasonable efforts to obtain and maintain such acknowledgments, consents, waivers and agreements (each a \u201cWaiver\u201d) from the owner, operator, lienholder, mortgagee, landlord or any Person in possession of tangible Collateral in excess of the Threshold Amount per location as Agent may require, all in form and substance reasonably satisfactory to Agent.", "The term \u201cAPPLICABLE MARGIN\u201d means the following percentages corresponding to the STOCKHOLDERS EQUITY, <strong>TANGIBLE NET</strong> WORTH and ratio of LIABILITIES to STOCKHOLDERS EQUITY in effect as of the most recent CALCULATION DATE.", "Requirements of Section 8.9 of the Agreement: OAK STREET LLC&#x27;S <strong>TANGIBLE NET</strong> WORTH MUST BE AT LEAST (A) $7,500,000 THROUGH JUNE 30, 2003, AND (B) 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