TNW definition

TNW means total assets of a Party (or its Guarantor, if applicable) less intangible assets and total liabilities of such entity. Intangible assets include benefits such as goodwill, patents, copyrights and trademarks.”

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TNW means total assets less intangible assets and total liabilities. Intangible assets include benefits such as goodwill, patents, copyrights and trademarks, each as would be reflected on a balance sheet prepared in accordance with generally accepted accounting principles.

TNW is added as follows:

Examples of TNW in a sentence

• Maximum Credit Limit – The lesser of the applicable percentage of TNW or the applicable credit limit cap as specified in Section 6.4 of this Agreement.

• The relevant TNW Amount shall be calculated using the percentage listed in the Credit Rating Table that corresponds to DS Supplier’s (or DS Supplier’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or ▇▇▇▇▇’▇.

• Maximum Credit Limit – the lesser of the applicable % of TNW and the applicable credit limit cap as specified in Section 6.6 of this Agreement.

• Maintain at all times a Consolidated Tangible Net Worth of not less than the Minimum TNW.

• Maximum Credit Limit – the lesser of the applicable % of TNW and the applicable credit limit cap as specified in Section 6.2 of this Agreement.

More Definitions of TNW

TNW means an entity’s total assets (exclusive of intangible assets), minus that entity’s total liabilities, each as would be reflected on a balance sheet prepared in accordance with generally accepted accounting principles, and as of the relevant date of determination most recently filed with the United States Securities and Exchange Commission.

TNW means the total assets of the BGS-FP Supplier less intangible assets and total liabilities of the BGS-FP Supplier. For the purposes of this definition, intangible assets include benefits such as goodwill, patents, copyrights and trademarks. Term has the meaning set forth in Section 4.1.

TNW means Shareholders’ Funds less Intangible Assets.

TNW means an entity’s total assets (exclusive of intangible assets), minus that entity’s total liabilities, each as would be reflected on a balance sheet prepared in accordance with generally accepted accounting principles, and as of the relevant date of determination most recently filed with the United States Securities and Exchange Commission or similar Governmental Authority or governing body in such jurisdiction of incorporation, organization or formation. Should there arise a discrepancy between this definition of TNW and the provisions of Article 14, Article 14 shall govern.

TNW means Tangible Net Worth.

TNW means, as reflected in the Adjusted Financial Statements, the Company's Net Worth less Intangible Assets.

TNW means the sum of share capital, earned and contributed surplus and postponed funds, less (i) amounts due from officers/affiliates (ii) investments in affiliates and (iii) intangible assets.