Net PP&E means, at any time, the net book value of the applicable Borrower’s property, plant and equipment determined in accordance with GAAP as set forth in the most recent financial statements delivered pursuant to Section 6.06.
Net PP&E means, as of any date the net book value of all tangible assets of the Company as of such date on a consolidated basis that (i) have an estimated useful life of more than one (1) year as of the date of determination of the amount of Net PP&E, (ii) are not intended for sale in the ordinary course of business and (iii) are intended to be used or available for use by the Company or one of the Subsidiaries.
Net PP&E in relation to a Group Company, means at any time and on a consolidated basis, the aggregate net book value of all property, plant and equipment treated as such in accordance with the generally accepted accounting principles applicable in the Relevant Jurisdiction excluding any assets that have been encumbered as permitted under paragraphs (h) and (i) of the definition of “Permitted Encumbrances”.
Examples of Net PP&E in a sentence
The “Adjustment Amount” will be the sum of the following amounts: the Net PPE Adjustment, plus the Net Other Regulatory Amount, plus the Working Capital Amount, minus the OPEB Adjustment Amount.
Monthly averaging of Net PP&E and Working Capital, adjusted for currency effects.
RONA is calculated as Net income attributable to Arconic – as adju sted divided by Working capital and Net PP&E.
The Calculation Statement shall set forth the Working Capital and the Net PP&E as of the Closing and any required Purchase Price adjustment.
As of June 30, 2012 Net PPE Adjustment* $ -0- Plus: Net Other Regulatory Amount 69,956 Plus: Working Capital Amount 7,498,456 Less: Retiree Medical Plan Liability** (3,500,000 ) Plus: VEBA Market Value** -0- OPEB Adjustment Amount** (3,500,000 ) Adjustment Amount $ 4,068,052 * Excludes any price adjustment pursuant to Section 7.1(g).
More Definitions of Net PP&E
Net PP&E means, in respect of the relevant entity, all buildings, machinery, equipment, and other assets that are: (a) classified as property, plant and equipment in the financial statements (net of accumulated depreciation) prepared in accordance with the principles applied in the FY22 Financials; and (b) in which the applicable entity has valid title to, or a valid and enforceable interest in, and uses in the conduct of their business as conducted as of the date hereof, free and clear of all liens;
Net PP&E means, as of any date the net book value of all tangible assets of Borrower as of such date on a consolidated basis that (i) have an estimated useful life of more than one (1) year as of the date of determination of the amount of Net PP&E, (ii) are not intended for sale in the ordinary course of business and (iii) are intended to be used or available for use by the Borrower or one of the Subsidiaries.
Net PP&E means, at any date, the aggregate net book value of the property, plant and equipment of the Restricted Companies (determined on a combined basis without duplication in accordance with GAAP) at the end of the most recently-completed fiscal quarter.
Net PP&E means the net property, plant and equipment value reflected on the applicable asset register based on the applicable financial statements reduced by accumulated depreciation associated with the property, plant and equipment value reflected on the applicable asset register based on the applicable financial statements, such property, plant and equipment having been reduced by any amount(s) received from any customer(s) as a contribution in aid of construction, in all cases in accordance with the FERC Uniform System of Accounts.
Net PP&E for any date of determination, the value of the plant, property and equipment related to a Key Property (other than any such Property that constitutes an Excluded Asset (as defined in the Pledge and Security Agreement)), as reflected on the consolidated balance sheet of the Group Members for the last day of the most recently completed fiscal quarter required to be delivered to the Lenders pursuant to Section 6.1, determined in accordance with GAAP, less accumulated amortization, depletion, depreciation or similar charges in respect of such plant, property and equipment.
Net PP&E means property, plant and equipment of the Company and its Consolidated Subsidiaries determined in accordance with GAAP.
Net PP&E means the net book value of all property, plant and equipment of the Borrower and its Domestic Subsidiaries located in the United States, as determined in accordance with GAAP.