Consolidated Tangible Net Worth definition

Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.

Consolidated Tangible Net Worth means, at any time, Stockholders' Equity, less the sum of the value, as set forth or reflected on the most recent consolidated balance sheet of the Borrower and its Consolidated Subsidiaries, prepared in accordance with GAAP, of:

Consolidated Tangible Net Worth means, with respect to the Company and its Restricted Subsidiaries, as at any date of determination, the sum of Capital Stock (other than Disqualified Stock) and additional paid-in capital plus retained earnings (or minus accumulated deficit) minus all intangible assets, including, without limitation, organization costs, patents, trademarks, copyrights, franchises, research and development costs, and any amount reflected in treasury stock, of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP.

Examples of Consolidated Tangible Net Worth in a sentence

• Consolidated Tangible Net Worth, in case the prospective resolution applicant is a strategic investor; andii.

• A certificate signed by two directors of the Guarantor, whether or not addressed to the Trustee, setting out the amount of the Consolidated Tangible Net Worth at the date of such certificate including any such adjustments shall, in the absence of manifest error, be conclusive and binding on the Issuer, the Guarantor and the Noteholders, all as further provided in the Trust Deed.

• Consolidated Tangible Net Worth* of INR 50 Crores (INR Fifty Crores) or more as of 31st March 2020 or any later date.

• Body Corporates, Partnership Firms, High Net Individuals having experience in similar sectors: Minimum Consolidated Tangible Net Worth* of INR 50 Crores (INR Fifty Crores) or more as of 31st March 2020 or based on the latest audited financial statements of the entity and as certified by a Chartered Accountant.

• Permit, at any time, the ratio of Consolidated Interest-Bearing Debt to Consolidated Tangible Net Worth to exceed 1.00 to 1.00.

More Definitions of Consolidated Tangible Net Worth

Consolidated Tangible Net Worth means, for the Consolidated Parties as of any date of determination, (a) stockholders’ equity on a consolidated basis determined in accordance with GAAP, but with no upward adjustments due to any revaluation of assets, less (b) all Intangible Assets, plus (c) all accumulated depreciation, all determined in accordance with GAAP.

Consolidated Tangible Net Worth means, at any time, the tangible net worth of the Borrower, on a consolidated basis, determined in accordance with GAAP.

Consolidated Tangible Net Worth means, for any Person, as of the date of any determination, Consolidated Net Worth of such Person and its Subsidiaries on such date less the amount of all intangible items included therein, including, without limitation, goodwill, franchises, licenses, patents, trademarks, trade names, copyrights, service marks, brand names and write-ups of assets.

Consolidated Tangible Net Worth means, at any date of determination, Consolidated Adjusted Net Worth less the consolidated intangible assets of ---- Borrower and its Subsidiaries, determined in accordance with GAAP.

Consolidated Tangible Net Worth means, at any date, the total of:

Consolidated Tangible Net Worth means, as of any date, all amounts which, in conformity with generally accepted accounting principles, would be included under stockholders’ equity on the consolidated balance sheet of CarMax, Inc. as of such date; provided, however, that, in any event, such amounts shall be net of amounts carried on the consolidated financial statements of CarMax, Inc. for any write-up in the book value of any assets of CarMax, Inc. resulting from a revaluation thereof subsequent to February 28, 2009, treasury stock, intangible assets and indebtedness owing from officers, employees, shareholders or affiliates of CarMax, Inc. (but only if the aggregate amount of such indebtedness exceeds $1,000,000).

Consolidated Tangible Net Worth means, for any Person as of any date of determination, the excess of total assets (net of goodwill and intangible assets) over total liabilities on such date, as the same would appear on a consolidated balance sheet of such Person and its Subsidiaries at the date of said calculation prepared in accordance with GAAP.