TNW Amount definition

TNW Amount shall equal the product of the applicable TNW Percentage and an entity’s Tangible Net Worth.
View Source
TNW Amount shall equal the product of the applicable percentage corresponding to an entity’s Credit Rating, as determined pursuant to Section 14.3 (Unsecured Credit), and an entity’s Tangible Net Worth.
View Source
TNW Amount means the TNW Base Amount plus an amount equal to fifty percent (50%) of Net Income for the applicable calendar quarter, but no reduction in the foregoing amount shall be made if Net Income in any calendar quarter is a negative number.
View Source

Examples of TNW Amount in a sentence

  • 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 ▇▇▇▇▇’▇.

  • The relevant TNW Amount shall be calculated using the TNW Percentage listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or Moody’s.

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

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

  • Increases in the Required TNW Amount based on consideration received for equity securities and Subordinated Debt of the Borrower shall be effective as of the end of the quarter in which such consideration is received, and shall continue effective thereafter.

  • A Tangible Net Worth of at least the Base TNW Amount increasing annually as of the first (1st) day of each calendar year by (i) fifty percent of the gross proceeds received by Borrower from the sale of its equity securities received after the Second Amendment Effective Date and (ii) fifty percent (50%) of the prior twelve (12) months Net Income, beginning with the January 2013 measuring period.

  • The Minimum TNW Amount, as adjusted in accordance with the preceding sentence, shall become the Minimum TNW Amount under this Section 6.7(b) for the fiscal year commencing the day after such adjustment and shall again be adjusted on the last day of such fiscal year as set forth herein.

  • The Obligated Group shall maintain, and Borrower shall cause the Obligated Group to maintain, Tangible Net Worth as of June 30, 2007 of at least the Initial Minimum TNW Amount, and thereafter, of at least the Minimum TNW Amount.

  • Increases in the Required TNW Amount based on Net Income shall be effective on the last day of the fiscal quarter in which such Net Income is realized, and shall continue effective thereafter.

  • Maintain on a Monthly Basis: Minimum Tangible Net Worth The Required TNW Amount (as such term is defined in the Loan Agreement).

Related to TNW Amount

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Forward Price Reduction Amount For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I. Shares: Common stock, USD 0.01 par value per share, of Party B (also referred to herein as the “Issuer”) (Exchange identifier: “VICI”). Exchange: New York Stock Exchange. Related Exchange(s): All Exchanges. Clearance System: DTC. Calculation Agent: Party A.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • FX Reduction Amount is defined in Section 2.1.3.