Consolidated Adjusted Net Worth

Consolidated Adjusted Net Worth. Means, as of any date, the total amount of stockholders' equity of the Company which would appear on the consolidated balance sheet of the Company and its Subsidiaries as of such date after excluding (to the extent otherwise included therein) the following (the amount of such stockholders' equity and deductions therefrom to be computed, except as noted below, in accordance with GAAP): (i) an amount attributable to interests (other than interests in the Company) held by Persons other than... the Company or its Subsidiaries; (ii) any revaluation or other write-up in book value of assets subsequent to the date of this Agreement other than upon the acquisition of assets or stock acquired in a transaction to be accounted for by purchase accounting under GAAP, made within 12 months after the acquisition of such assets; and (iii) treasury stock. View More

Consolidated Adjusted Net Worth. Shall mean as to any Person, at any time, in accordance with GAAP (except as otherwise specifically set forth below), on a consolidated basis for such Person and its Subsidiaries (if any), the amount equal to: (a) the aggregate net book value of all assets (including all prepaid assets) of such Person and its Subsidiaries, calculating the book value of inventory on a basis consistent with the prior year, after deducting from such book values all appropriate... reserves in accordance with GAAP (including all reserves for doubtful receivables, obsolescence, depreciation and amortization) minus (b) the sum of (i) the amount equal to the aggregate amount of the Indebtedness and other liabilities of such Person and its Subsidiaries (including tax and other proper accruals) plus (ii) any loss arising from the Val Verde Sale. View More

Consolidated Adjusted Net Worth. WCI Steel and its Subsidiaries shall, at all times, maintain a Consolidated Adjusted Net Worth of not less than negative $200,000,000 on the date hereof and at all times thereafter.

Consolidated Adjusted Net Worth. As to any Person, at any time, in accordance with GAAP consistently applied on a consolidated basis for such Person and its Subsidiaries, the amount equal to: (A) the difference between: (1) the aggregate net book value of all assets of such Person and its Subsidiaries, calculating the book value of inventory for this purpose on a first-in-first-out basis, after deducting from such book values all appropriate reserves in accordance with GAAP consistently applied (including all reserves for... doubtful receivables, obsolescence, depreciation and amortization) and (2) the total aggregate Indebtedness of such Person and its Subsidiaries (including tax and other proper accruals), plus (B) any charges deducted, whether at any time heretofore or hereafter, from other comprehensive income of such Person in respect of the pension liability of such Person, and minus (C) any credits added, whether at any time heretofore or hereafter, to other comprehensive income of such Person in respect of pension liability of such Person. View More