Total Net Assets definition

Total Net Assets means, as of any date, (a) the “value of the total assets” (within the meaning of the first sentence of Section 18(h) of the ICA) of the Borrower less (b) the Ordinary Liabilities of the Borrower.
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Total Net Assets means, at any date, the total net assets of the Borrower and its Subsidiaries determined on a consolidated basis, without duplication, in accordance with GAAP.
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Total Net Assets means the summation of the market value of each investment less Trust Fee, taxes, and other qualified expenses.
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Examples of Total Net Assets in a sentence

  • Equity is defined as Equity for a for-profit entity, Total Net Assets for not-for-profit entities, and Total Net Assets for governmental entities.[72 FR 67546, Nov.

  • The clerk's order shall recite specific findings of fact and conclusions of law in arriving at the decedent's Total Net Assets, Property Passing to Surviving Spouse, and the elective share.

  • As a special dispensation, the existing assets as on January 1, 2012 shall be reckoned towards meeting both the Qualifying Assets criteria as well as the Total Net Assets criteria.

  • As a special dispensation, the existing assets as on January 1, 2012 will be reckoned towards meeting both the Qualifying Assets criteria as well as the Total Net Assets criteria.

  • If the surviving spouse was married to the decedent for 15 years or more, fifty percent (50%) of the Total Net Assets.


More Definitions of Total Net Assets

Total Net Assets means, with re- spect to the person declaring a non- cash distribution—
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Total Net Assets means, with respect to any PPF, on any Valuation Date, an amount equal to the excess of (a) the sum of:
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Total Net Assets means, after the payment or provision for payment of the
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Total Net Assets means, withrespect to the person declaring a non- cash distribution—
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Total Net Assets means, after the payment or provision for payment of the decedent's funeral expenses, year's allowances to persons other than to the surviving spouse, debts, claims, and administration expenses, the sum of the following:
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Total Net Assets means (a) Total Assets minus (b) all liabilities of the Borrower minus (c) all Preferred Stock owned or issued by the Borrower.
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Total Net Assets. , at any time, means the Net Indicative NAV of all Class XXIV Ordinary Shares issued and subscribed for at such time.
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