Common use of Consolidated or combined Clause in Contracts

Consolidated or combined. With reference to any term defined herein, that term as applied to the accounts of the Borrower and its Subsidiaries, consolidated or combined in accordance with generally accepted accounting principles. CONSOLIDATED TANGIBLE NET WORTH. The amount by which Consolidated Total Assets exceed Consolidated Total Liabilities, and LESS the sum of:

Appears in 3 contracts

Samples: Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc)

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Consolidated or combined. With reference to any term defined herein, that term as applied to the accounts of the Borrower a Person and its Subsidiaries, consolidated or combined in accordance with generally accepted accounting principles. CONSOLIDATED TANGIBLE NET WORTH. The amount by which Consolidated Total Assets exceed exceeds Consolidated Total LiabilitiesLiabilities less, and LESS to the extent included in Consolidated Total Assets, the sum of:

Appears in 1 contract

Samples: Revolving Credit Agreement (Schuler Homes Inc)

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