{"component": "definition", "props": {"groups": [{"snippet": "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.\u201d", "size": 55, "samples": [{"hash": "kLNS2WfH5ZE", "uri": "/contracts/kLNS2WfH5ZE#tnw", "label": "Confirmation Agreement", "score": 36.1115657281, "published": true}, {"hash": "jyw8dkEHUzh", "uri": "/contracts/jyw8dkEHUzh#tnw", "label": "Confirmation Agreement", "score": 36.0995129018, "published": true}, {"hash": "bWjeHCgGz4e", "uri": "/contracts/bWjeHCgGz4e#tnw", "label": "Confirmation Agreement", "score": 35.1103295872, "published": true}], "snippet_links": [{"key": "total-assets", "type": "definition", "offset": [6, 18]}, {"key": "a-party", "type": "clause", "offset": [22, 29]}, {"key": "if-applicable", "type": "clause", "offset": [49, 62]}, {"key": "intangible-assets", "type": "clause", "offset": [69, 86]}, {"key": "total-liabilities", "type": "clause", "offset": [91, 108]}, {"key": "copyrights-and-trademarks", "type": "clause", "offset": [187, 212]}], "hash": "d3722c4fce241c3fa334104a211c499c", "id": 1}, {"snippet": "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.", "size": 41, "samples": [{"hash": "hEYgQbWKeuv", "uri": "/contracts/hEYgQbWKeuv#tnw", "label": "Supply Agreement", "score": 34.1210382568, "published": true}, {"hash": "1vvNsS3I5Kz", "uri": "/contracts/1vvNsS3I5Kz#tnw", "label": "Supply Agreement", "score": 34.0528495819, "published": true}, {"hash": "dJbmsvKMLuo", "uri": "/contracts/dJbmsvKMLuo#tnw", "label": "Supply Agreement", "score": 34.0257890804, "published": true}], "snippet_links": [{"key": "total-assets", "type": "definition", "offset": [6, 18]}, {"key": "intangible-assets", "type": "clause", "offset": [24, 41]}, {"key": "total-liabilities", "type": "clause", "offset": [46, 63]}, {"key": "copyrights-and-trademarks", "type": "clause", "offset": [127, 152]}, {"key": "balance-sheet", "type": "clause", "offset": [186, 199]}, {"key": "in-accordance-with", "type": "definition", "offset": [209, 227]}, {"key": "generally-accepted-accounting-principles", "type": "definition", "offset": [228, 268]}], "hash": "6180dbc8236e9173f4c95904c340700b", "id": 2}, {"snippet": "is added as follows:", "size": 36, "samples": [{"hash": "7zxU1GrYdVD", "uri": "/contracts/7zxU1GrYdVD#tnw", "label": "Confirmation Agreement", "score": 31.6082354213, "published": true}, {"hash": "2ECNzUyJjtp", "uri": "/contracts/2ECNzUyJjtp#tnw", "label": "Confirmation Agreement", "score": 31.6082354213, "published": true}, {"hash": "cD1KDTBB0Lw", "uri": "/contracts/cD1KDTBB0Lw#tnw", "label": "Confirmation Agreement", "score": 29.3011930674, "published": true}], "snippet_links": [], "hash": "45a55fce9650981959872d78c4e9a747", "id": 3}, {"snippet": "means an entity\u2019s total assets (exclusive of intangible assets), minus that entity\u2019s 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.", "size": 27, "samples": [{"hash": "8MLvW6nFDKb", "uri": "/contracts/8MLvW6nFDKb#tnw", "label": "Supply Master Agreement", "score": 24.5208761123, "published": true}, {"hash": "6DZoCyi14La", "uri": "/contracts/6DZoCyi14La#tnw", "label": "Supply Master Agreement", "score": 24.495926873, "published": true}, {"hash": "hM0cEbXPWMr", "uri": "/contracts/hM0cEbXPWMr#tnw", "label": "Alternative Energy Credit Supply Master Agreement", "score": 24.3812457221, "published": true}], "snippet_links": [{"key": "total-assets", "type": "definition", "offset": [18, 30]}, {"key": "intangible-assets", "type": "clause", "offset": [45, 62]}, {"key": "total-liabilities", "type": "clause", "offset": [85, 102]}, {"key": "balance-sheet", "type": "clause", "offset": [136, 149]}, {"key": "in-accordance-with", "type": "definition", "offset": [159, 177]}, {"key": "generally-accepted-accounting-principles", "type": "definition", "offset": [178, 218]}, {"key": "date-of-determination", "type": "clause", "offset": [243, 264]}, {"key": "the-united-states-securities-and-exchange-commission", "type": "clause", "offset": [290, 342]}], "hash": "80cf936b461e6d73add430220e0f97f4", "id": 4}, {"snippet": "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.", "size": 11, "samples": [{"hash": "lhmJ180V0aC", "uri": "/contracts/lhmJ180V0aC#tnw", "label": "Supplier Forward Contract (Dynegy Inc /Il/)", "score": 21.0, "published": true}, {"hash": "hSNc6IRZKlw", "uri": "/contracts/hSNc6IRZKlw#tnw", "label": "Supplier Forward Contract", "score": 21.0, "published": true}, {"hash": "hBVAiGcCXW8", "uri": "/contracts/hBVAiGcCXW8#tnw", "label": "Supplier Forward Contract", "score": 21.0, "published": true}], "snippet_links": [{"key": "total-assets", "type": "definition", "offset": [10, 22]}, {"key": "intangible-assets", "type": "clause", "offset": [51, 68]}, {"key": "total-liabilities", "type": "clause", "offset": [73, 90]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [115, 134]}, {"key": "copyrights-and-trademarks", "type": "clause", "offset": [214, 239]}, {"key": "section-41", "type": "clause", "offset": [275, 286]}], "hash": "b282174e8714197282e7ef2f36b86051", "id": 5}, {"snippet": "means Shareholders\u2019 Funds less Intangible Assets.", "size": 5, "samples": [{"hash": "5tbpKfraf2I", "uri": "/contracts/5tbpKfraf2I#tnw", "label": "Credit Agreement (Sims Metal Management LTD)", "score": 21.0, "published": true}, {"hash": "49TfAgHODxY", "uri": "/contracts/49TfAgHODxY#tnw", "label": "Credit Agreement (Metal Management Inc)", "score": 21.0, "published": true}, {"hash": "i0SKh2iN5cu", "uri": "https://www.sec.gov/Archives/edgar/data/928366/000095012309061513/c53813exv4w19.htm", "label": "Sims Metal Management LTD", "score": 8.0, "published": false}], "snippet_links": [{"key": "intangible-assets", "type": "clause", "offset": [31, 48]}], "hash": "a0bde5e11c4b925fdfaf585cf78cb750", "id": 6}, {"snippet": "means an entity\u2019s total assets (exclusive of intangible assets), minus that entity\u2019s 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.", "size": 3, "samples": [{"hash": "bTJ9PDxTNJ6", "uri": "/contracts/bTJ9PDxTNJ6#tnw", "label": "Supply Master Agreement", "score": 22.5797399042, "published": true}, {"hash": "8vQYDa6m0IP", "uri": "/contracts/8vQYDa6m0IP#tnw", "label": "Supply Master Agreement", "score": 22.5797399042, "published": true}, {"hash": "kyGDfKbDKIH", "uri": "/contracts/kyGDfKbDKIH#tnw", "label": "Supply Master Agreement", "score": 20.5797399042, "published": true}], "snippet_links": [{"key": "total-assets", "type": "definition", "offset": [18, 30]}, {"key": "intangible-assets", "type": "clause", "offset": [45, 62]}, {"key": "total-liabilities", "type": "clause", "offset": [85, 102]}, {"key": "balance-sheet", "type": "clause", "offset": [136, 149]}, {"key": "in-accordance-with", "type": "definition", "offset": [159, 177]}, {"key": "generally-accepted-accounting-principles", "type": "definition", "offset": [178, 218]}, {"key": "date-of-determination", "type": "clause", "offset": [243, 264]}, {"key": "the-united-states-securities-and-exchange-commission", "type": "clause", "offset": [290, 342]}, {"key": "governmental-authority", "type": "definition", "offset": [354, 376]}, {"key": "governing-body", "type": "definition", "offset": [380, 394]}, {"key": "jurisdiction-of-incorporation", "type": "definition", "offset": [403, 432]}, {"key": "definition-of", "type": "clause", "offset": [507, 520]}, {"key": "article-14", "type": "definition", "offset": [547, 557]}], "hash": "54925c034d7c605084779f5b1d846f91", "id": 7}, {"snippet": "means Tangible Net Worth.", "size": 3, "samples": [{"hash": "jx2nFt0HNoH", "uri": "/contracts/jx2nFt0HNoH#tnw", "label": "Loan Agreement (TomoTherapy Inc)", "score": 20.9171800137, "published": true}, {"hash": "g7agnx4Jlf8", "uri": "/contracts/g7agnx4Jlf8#tnw", "label": "Loan Agreement (TomoTherapy Inc)", "score": 20.0, "published": true}, {"hash": "3jsHy7V3pWV", "uri": "https://www.puc.pa.gov/electric/PDF/PP_POLR/Testimony-Kent_Hatt.pdf", "label": "Master Agreement", "score": 5.0, "published": false}], "snippet_links": [{"key": "tangible-net-worth", "type": "clause", "offset": [6, 24]}], "hash": "b80c4a86f90f641c4cccb84eae8db7d9", "id": 8}, {"snippet": "means, as reflected in the Adjusted Financial Statements, the Company's Net Worth less Intangible Assets.", "size": 2, "samples": [{"hash": "jRBIfIGeNHc", "uri": "/contracts/jRBIfIGeNHc#tnw", "label": "Merger Agreement (Opticare Health Systems Inc)", "score": 18.0, "published": true}, {"hash": "7VLcOXTYD1v", "uri": "/contracts/7VLcOXTYD1v#tnw", "label": "Merger Agreement (Vision Twenty One Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "adjusted-financial-statements", "type": "clause", "offset": [27, 56]}, {"key": "the-company", "type": "definition", "offset": [58, 69]}, {"key": "net-worth", "type": "clause", "offset": [72, 81]}, {"key": "intangible-assets", "type": "clause", "offset": [87, 104]}], "hash": "98e44c93a0a233d70cf294b724680e3b", "id": 9}, {"snippet": "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.", "size": 1, "samples": [{"hash": "4VX0ulxQnHf", "uri": "/contracts/4VX0ulxQnHf#tnw", "label": "Credit Agreement (Aquaventure Holdings LLC)", "score": 27.3627652293, "published": true}], "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [10, 16]}, {"key": "share-capital", "type": "definition", "offset": [17, 30]}, {"key": "contributed-surplus", "type": "definition", "offset": [43, 62]}, {"key": "amounts-due", "type": "definition", "offset": [93, 104]}, {"key": "investments-in-affiliates", "type": "clause", "offset": [135, 160]}, {"key": "intangible-assets", "type": "clause", "offset": [171, 188]}], "hash": "c484f51a24c239928abe3f0244c55bf2", "id": 10}], "next_curs": "ClASSmoVc35sYXdpbnNpZGVyY29udHJhY3RzciwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIMdG53IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "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.\u201d", "size": 154, "title": "TNW", "id": "tnw", "examples": ["Maximum Credit Limit \u2013 The lesser of the applicable percentage of <strong>TNW</strong> or the applicable credit limit cap as specified in Section 6.4 of this Agreement.", "The relevant <strong>TNW</strong> Amount shall be calculated using the percentage listed in the Credit Rating Table that corresponds to DS Supplier\u2019s (or DS Supplier\u2019s Guarantor\u2019s) lowest Credit Rating most recently published by S&amp;P, Fitch and/or \u2587\u2587\u2587\u2587\u2587\u2019\u2587.", "Maximum Credit Limit \u2013 the lesser of the applicable % of <strong>TNW</strong> 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 <strong>TNW</strong>.", "Maximum Credit Limit \u2013 the lesser of the applicable % of <strong>TNW</strong> and the applicable credit limit cap as specified in Section 6.2 of this Agreement.", "The relevant <strong>TNW</strong> Amount shall be calculated using the <strong>TNW</strong> Percentage listed in the following table that corresponds to Seller\u2019s (or Seller\u2019s Guarantor\u2019s) lowest Credit Rating most recently published by S&amp;P, Fitch and/or Moody\u2019s.", "Credit Limit to be calculated as the lesser of the % of <strong>TNW</strong> and credit limit cap below S&amp;P \u2587\u2587\u2587\u2587\u2587\u2019\u2587 Fitch A.M. Best % Credit Limit Cap A- and above A3 and above A- and above aaa 16% of <strong>TNW</strong> $60,000,000 BBB+ Baa1 BBB+ aa 10% of <strong>TNW</strong> $40,000,000 BBB Baa2 BBB a 8% of <strong>TNW</strong> $30,000,000 BBB- Baa3 BBB- bbb 6% of <strong>TNW</strong> $15,000,000 Below BBB- Below Baa3 Below BBB- Below bbb 0% of <strong>TNW</strong> 0 where <strong>TNW</strong> is the Tangible Net Worth.", "The relevant <strong>TNW</strong> Amount shall be calculated using the percentage listed in the following table that corresponds to Seller\u2019s (or Seller\u2019s Guarantor\u2019s) lowest Credit Rating most recently published by S&amp;P, Fitch and/or Moody\u2019s.", "The relevant <strong>TNW</strong> Amount shall be calculated using the <strong>TNW</strong> Percentage listed in the following table that corresponds to Seller\u2019s (or Seller\u2019s Guarantor\u2019s) lowest Credit Rating most recently published by S&amp;P, Fitch and/or \u2587\u2587\u2587\u2587\u2587\u2019\u2587.", "Maximum Credit Limit - the lesser of the applicable % of <strong>TNW</strong> and the applicable credit limit cap as specified in Section 6.2 of this Agreement."], "related": [["excess-availability", "Excess Availability", "Excess Availability"], ["quick-ratio", "Quick Ratio", "Quick Ratio"], ["required-availability", "Required Availability", "Required Availability"], ["unencumbered-leverage-ratio", "Unencumbered Leverage Ratio", "Unencumbered Leverage Ratio"], ["adjusted-leverage-ratio", "Adjusted Leverage Ratio", "Adjusted Leverage Ratio"]], "related_snippets": [], "updated": "2025-07-06T21:56:50+00:00"}, "json": true, "cursor": ""}}