Total Gross Assets definition
Total Gross Assets means the sum of: (1) unrestricted cash and marketable securities held by the Originator; plus (2) notes receivable (including all mortgage loans receivable) net of allowance for uncollectible notes (as shown on the Originator's balance sheet), plus (3) equipment loan receivable net of allowance for uncollectible equipment loans; plus (4) portfolio property (reflected at the lesser of the portfolio property's Market Value or undepreciated cost) plus (5) refundable escrow deposits to be held for the acquisition of real estate; provided, however, that the assets securing Non-Facility Credit Tenant Debt shall not be included in Total Gross Assets.
Total Gross Assets means, as of any date of determination, the total assets of the Company plus total accumulated depreciation on Coinstar units, computer and information systems and office equipment, less (i) all goodwill, trade names, patents and any other intangibles and (ii) any assets of, or Equity Interests in, any Subsidiary of the Company or any Investment in any other Person, all as would be set forth on a balance sheet of the Company on an unconsolidated basis as of such date of determination in accordance with GAAP; PROVIDED, HOWEVER, that Total Gross Assets shall not include (x) for any date of determination prior to January 1, 1999, any of the Company's Coinstar units which the Company acquired, or any capital expenditure invested in Coinstar units expended or incurred, more than five years prior to the date of determination; (y) for any date of determination from and after January 1, 1999, any of the Company's Coinstar units that the Company acquired, or any capital expenditure invested in Coinstar units expended or incurred, more than seven years prior to the date of determination; and (z) any Coinstar unit (or any portion of the revenue from any such unit) that has been (1) pledged or encumbered to secure obligations of any Person other than the Company or (2) leased, assigned or is otherwise subject to a transaction such that as a result of such lease, assignment or other transaction any other Person shall be entitled on a non-contingent basis to receive directly all or a portion of the revenue generated by such Coinstar unit.
Total Gross Assets means the Total Gross Assets of the Company and its Subsidiaries as shown in its audited consolidated group accounts most recently preceding the Period of Insurance.