Adjusted Assets definition

Adjusted Assets means, in relation to a market services licensee, the value of total assets as they would appear on a balance sheet at the time of calculation that has been prepared on the same basis as the market services licensee’s financial statements required under part 7 of the FMC Act, minus any excluded assets.

Adjusted Assets is a non-GAAP financial measure that means Consolidated Total Assets reduced by assets such as goodwill and intangible assets, right-of-use lease assets and amounts attributed to noncontrolling interests. To the extent that GAAP changes in the future, similar type asset reductions may be needed to address new categories of assets that are not currently in the definition of Consolidated Total Assets.

Adjusted Assets means any assets owned by the LLC or any of its direct or indirect Subsidiaries that is not treated as a corporation for Tax purposes, and any asset whose Tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset (including, “substituted basis property” within the meaning of Section 7701(a)(42) of the Code).

Examples of Adjusted Assets in a sentence

• Adjusted assets are defined as total assets plus the reserve for loan loss plus unearned discounts on loans minus premiums on loans.

• Adjusted assets (a non-GAAP financial measure) equals total assets less securities borrowed, securities purchased under agreements to resell, cash and securities segregated, goodwill and identifiable intangibles plus financial instruments sold, not yet purchased (net of derivative liabilities).

• Adjusted assets is a non-GAAP measure and may not be comparable to similar non-GAAP measures used by other companies.

• Adjusted assets are defined generally as total assets excluding the reserve for loan loss, unearned discounts on loans, premiums on loans, unamortized bond issuance costs, unrealized gains or losses on investments (including mortgage-backed securities and interest rate swap agreements), deferred loss on interest rate swap agreements and assets relating to escrowed debt.

• Adjusted assets are defined as total assets plus the reserve for loan loss plus unearned discounts on loans minus the proceeds of short-term debt minus premiums on loans.For programs funded by state appropriations, the Agency recovers the cost of administering the programs to the extent of interest earnings on the appropriations.For programs funded by federal appropriations, the Agency recovers the cost of administering programs through an approved federal indirect cost recovery rate.

More Definitions of Adjusted Assets

Adjusted Assets means the following assets owned directly or indirectly by the Issuer:

Adjusted Assets means, as of any date of determination, (i) the sum of Inventory Value plus Unrecouped Advance Value plus Tangible Personal Property Value less (ii) Balance Sheet Liabilities.

Adjusted Assets is defined in the recitals of this Agreement.

Adjusted Assets is defined as Total Assets less intangible assets.

Adjusted Assets means, for Matrix Bank and at any time, the sum of (a) its cash, (b) its Cash Equivalents, (c) its loans that are not non-residential commercial loans, are evidenced by valid promissory notes, and are secured by mortgages, deeds of trust, or trust deeds that grant perfected first-priority Liens on residential-real property, plus (d) its securities that, in respect of an underlying pool of related mortgage loans, provide for payment by the issuer to the holder of specified principal installments and a fixed-interest rate on the unpaid balance, with all prepayments being passed through to the holder, whether issued in certificate or book-entry form.

Adjusted Assets means, as of any date, with respect to the Company and its Subsidiaries, the sum of (i) consolidated cash and cash equivalents (which shall include for the avoidance of doubt all cash paid to the Members on the Closing Date under Section 3.3(b)(iii)) and (ii) consolidated accounts receivables (which shall include the prorated portion of any management or similar fees earned through the date of determination).

Adjusted Assets is defined in the preamble of this Agreement.