Tangible Net Equity definition

Tangible Net Equity means net equity reduced by the value assigned to intangible assets including goodwill; going-concern value; organizational expense; startup costs; long-term prepayments of deferred charges; nonreturnable deposits; and obligations of officers, directors, owners, or affiliates, except short-term obligations of affiliates for goods or services arising in the normal course of business which are payable on the same terms as equivalent transactions with nonaffiliates and which are not past-due.

Tangible Net Equity means, at any determination date, the total: (a) (i) (A) of the value materialized or considered as having been paid in the Issuer’s Capital Stock; and (B) of the value of the Issuer’s reserves (excluding asset revaluation reserves and including any share premium account, capital redemption reserve funds and any credit balance in the retained earnings account); and (ii) after deduction of the amounts of items (i) (A) and (i) (B) above: (x) any debt balance in the profit and loss account or impairment of the Issuer’s issued Capital Stock (except to the extent that the deduction in relation to such debtor balance or impairment has already been made); and (y) amounts attributable to capitalized items, such as goodwill, trademarks, deferred taxes, deferred tax assets, licenses, patents and other intangible assets; and (b) if applicable, apart from net income from operations and net assets of any Issuer’s Subsidiary attributable to interests that are not held, directly or indirectly, by the Issuer.

Tangible Net Equity means net equity reduced by the value assigned to intangible assets including, but not limited to, goodwill; going concern value; organizational expense; start-up costs; long-term prepayments of deferred charges; nonreturnable deposits; and obligations of officers, directors, owners, or affiliates, except short-term obligations of affiliates for goods or services arising in the normal course of business that are payable on the same terms as equivalent transactions with nonaffiliates and that are not past due.

Examples of Tangible Net Equity in a sentence

• Prior to Closing, Seller shall cause the Company to request from the Department permission to reduce the Tangible Net Equity of the Company to an amount equal to the Statutory Tangible Net Equity.

• Purchaser or the Company shall promptly pay to Seller any refunds or credits (including interest paid by the IRS thereon) relating to Taxes for which Seller may be liable under Section 9.1 hereof except to the extent such refund or credit is included as an asset on the Closing Balance Sheet and used to calculate the Excess Tangible Net Equity.

• At the same time Purchaser delivers the Final Balance Sheet to Seller, Purchaser shall also deliver to Seller a statement setting forth in reasonable detail the calculation of the Excess Tangible Net Equity and the other assets and liabilities of the Company used to prepare the Final Balance Sheet.

• The Final Balance Sheet shall provide a categorization of the assets and liabilities comprising the Excess Tangible Net Equity of the Company and the other assets and liabilities of the Company as of the Closing Date.

• Additionally, if the Practice has insufficient cash required for the payment of Practice’s expenses or such amount to ensure compliance with the Xxxx-Xxxxx Act, including the Tangible Net Equity requirements, as such term is defined in the Xxxx-Xxxxx Act, (“Shortfalls”), Manager will be responsible to infuse additional cash funds to cover the Shortfalls.

More Definitions of Tangible Net Equity

Tangible Net Equity means the actual tangible net equity of the Company calculated in accordance with Title 28, section 1300.76 of the California Code of Regulations.

Tangible Net Equity means net equity reduced by the value

Tangible Net Equity means net equity reduced by the value assigned to intangible

Tangible Net Equity means all tangible assets less all liabilities of a Person as of a specific date, determined in accordance with GAAP.

Tangible Net Equity. The amount determined by (i) reducing the total book value of the tangible assets of the Company, by (ii) the total liabilities of the Company (including medical Claims, IBNR reserves and provider risk pools), as all such items are reflected on the Final Balance Sheet. THIRD PARTY: A Person other than the Company, Buyer or Seller. TNE DEFICIT AMOUNT: The amount by which Two Million Six Hundred Thousand Dollars ($2,600,000.00) exceeds the Tangible Net Equity. TNE EXCESS AMOUNT: The amount by which the Tangible Net Equity exceeds Two Million Six Hundred Thousand Dollars ($2,600,000.00). WARN ACT: The Worker Adjustment and Retraining Act and the rules and regulations promulgated thereunder, as from time to time may be amended. 1.2

Tangible Net Equity has the meaning set forth in Title 28, Article 9, Section 1300.76(c) of the California Code of Regulations. An example calculation of Tangible Net Equity for CFC IPA is set forth in Exhibit B-1 and for CFCHP is set forth in Exhibit B-2.

Tangible Net Equity means the actual tangible net equity of the Company --------------------- calculated in accordance with Title 28, section 1300.76 of the California Code of Regulations.