Target Net Worth definition

Target Net Worth is equal to the sum of (i) $489,861,833, which is based on the unaudited financials for the Schlumberger Equity Interests, excluding (except as set forth in Schedule 1.3(i) and Schedule 1.3(j)) the --------------- --------------- Excluded Assets and the Excluded Liabilities, as of May 31, 2001 and (ii) any gain in excess of $100,000 realized after May 31, 2001 by the POC Entities in connection with the termination or cancellation of any customer contracts.

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Target Net Worth. As of the end of any fiscal quarter, the lesser of (1) $20,000,000 or (ii) the applicable Base Net Worth plus 75% of all cumulative after tax net income earned by the Master Servicer from the later of ______ ___, 19___ or the date such Base Net Worth was established, through the end of such quarter.

Target Net Worth means $12,007,593 (i.e., the excess of the consolidated assets set forth on the March 31, 2002 Balance Sheet over the consolidated liabilities (excluding for purposes of this calculation the Indebtedness of the Company and its Subsidiaries) set forth on the March 31, 2002 Balance Sheet), as such $12,007,593 amount may be increased from time to time pursuant to, and in accordance with, the procedures set forth in Section 6.08.

Examples of Target Net Worth in a sentence

• Permit Consolidated Tangible Net Worth as of the last day of the applicable fiscal quarter of the Borrower to be less than 60% of the Target Net Worth Amount, in the case of the first and second fiscal quarters of the Borrower during each fiscal year and 70% of the Target Net Worth Amount in the case of the third and fourth fiscal quarters of the Borrower during each fiscal year.

• If the proposed change in location or shift creates a hardship for an employee in terms of child care, car pool, or other such arrangements, the employee may request an extension of an additional seven (7) calendar days or more if absolutely required.

• Based on the Closing Statement of Net Worth, (i) if the net worth of RLI exceeds the Target Net Worth, ADLT shall pay each Shareholder, his or her Pro Rata Share of the difference and (ii) if the net worth of RLI is less than the Target Net Worth, each Shareholder shall each pay ADLT his or her Pro Rata Share of the difference.

• If the relevant Estimated Net Worth with respect to the POC Companies, the Harwat Interest or the WilPro Interest is less than the relevant Target Net Worth, then the applicable Seller shall remit to Purchaser on the Closing Date an amount equal to such difference.

• If the Net Worth as of the Target Date exceeds the Target Net Worth and the Net Working Capital as of the Target Date exceeds the Target Working Capital then, in addition to the amounts provided in the immediately preceding sentence, Messrs.

More Definitions of Target Net Worth

Target Net Worth means, on any date of determination, the sum of (i) $106,000,000 plus (ii) an amount determined on a cumulative basis equal to the sum of 50% of any positive consolidated net income of Alon USA and its Consolidated Subsidiaries for each Fiscal Year ending after December 31, 2004.

Target Net Worth means $22,961,000.

Target Net Worth means U.S.$641,278,000, which represents the adjusted net book value of the Business as of December 31, 1997 of $576,278,000 as shown on Exhibit F, plus U.S. $65 million.

Target Net Worth means Two Hundred Twenty Million Twenty Five Thousand ---------------- Dollars ($220,025,000) plus the amount, if any, by which Final Future Tax Benefits exceeds Preliminary Future Tax Benefits, but in any event not less than $220,025,000.

Target Net Worth is defined in Section 1.4(c).

Target Net Worth means the greater of (i) $235,125,000 or (ii) the combined assets of the Transferred Companies, less the combined liabilities of the Transferred Companies, as set forth on the Target Balance Sheet. "Target Balance Sheet" means the combined balance sheet of the Transferred Companies as of March 30, 2002 prepared in accordance with GAAP as described and supplemented by the Accounting Principles applied on a basis consistent with the Preliminary Balance Sheet (with the exception of the notes and interest payable to affiliates line item) and shall fairly present the combined financial position of the Transferred Companies as of the close of business on March 30, 2002; provided, that the Target Balance Sheet shall include (i) a reserve for self-insured retentions for general liability, automobile and worker's compensation insurance in an amount equal to $3.6 million (which amount shall be identical to the amount set forth on the Closing Balance Sheet), (ii) goodwill (net) in an amount equal to $45.2 million (which amount shall be identical to the amount set forth on the Closing Balance Sheet), (iii) assets and liabilities relating to pension plans in amounts equal to $0.6 and $12.5 million, respectively (which amounts shall be identical to the amounts set forth on the Closing Balance Sheet) and (iv) net assets and liabilities relating to deferred income taxes equal to $0.0 (which amount shall be identical to the amount set forth on the Closing Balance Sheet). The parties acknowledge that the calculation of Pension Plan Liability for purposes of Section 8.01(d) shall be determined solely in accordance with that Section and the definition of Pension Plan Liability. "Final Net Worth" means the Closing Net Worth (i) as shown in Buyer's calculation delivered pursuant to Section 2.03(a), if no Objection Notice is duly delivered pursuant to Section 2.03(b); or (ii) if such Objection Notice is delivered, (A) as agreed by Buyer and US Seller pursuant to Section 2.03(c), or (B) in the absence of such agreement, as shown in the Unrelated Accounting Firm's calculation delivered pursuant to Section 2.03(c); provided that in no event shall Final Net Worth be more than US Seller's calculation of Closing Net Worth delivered pursuant to Section 2.03(b) or less than Buyer's calculation of Closing Net Worth delivered pursuant to Section 2.03(a).

Target Net Worth means $250,895,000, which is the Shareholder's Equity reflected on the Latest Balance Sheet, adjusted to give effect to the Balance Sheet Adjustments. In the event the Adjusted Closing Net Worth is equal to or greater than $248,895,000, no adjustment to the Purchase Price will be made.