Consolidated Net Worth

Consolidated Net Worth. Means, as of the date of determination, the sum of, without duplication, (a) total shareholders' equity of the Company and its Subsidiaries on a consolidated basis, determined in accordance with GAAP, and (b) the 8% Convertible Preferred Stock.

Consolidated Net Worth. Means, at any time, the consolidated shareholders' equity of the Account Party and its Subsidiaries, provided that the calculation of such consolidated shareholders' equity shall exclude (a) the effect thereon of any adjustments required under Statement of Financial Accounting Standard No. 115 ("Accounting for Certain Investments in Debt and Equity Securities") (b) any Exempt Indebtedness (and the assets relating thereto) in the event... such Exempt Indebtedness is consolidated on the balance sheet of the Account Party and its consolidated Subsidiaries in accordance with GAAP; View More

Consolidated Net Worth. As of any date herein specified, the total consolidated assets of the Company and its Subsidiaries minus the total consolidated liabilities of the Company and its Subsidiaries (exclusive of any liabilities associated with this Warrant) as determined from the consolidated balance sheet of the Company and its Subsidiaries from the most recent fiscal quarter, which consolidated balance sheet shall be prepared in accordance with generally accepted accounting principles, shall be in reasonable... detail, and shall be certified as complete and correct by the chief financial or accounting officer of the Company. View More

Consolidated Net Worth. Shall mean, at any date, the net worth of Tenant and its Subsidiaries on a consolidated basis, determined in accordance with GAAP.

Consolidated Net Worth. Shall mean, at any time, shareholder's equity of Parent and its Subsidiaries on a consolidated basis determined in accordance with GAAP.

Consolidated Net Worth. When calculating Consolidated Net Worth, if the amount of distributions required to be paid under Section 7.4(A) of the Partnership Agreement as of the date of any balance sheet is less than distributions payable to partners (as indicated on the Borrower's balance sheet) as of the date of such balance sheet, then the amount of distributions payable to partners included in the liabilities of the Borrower as of such date shall be limited to the amount of... distributions required to be paid under Section 7.4(A) of the Partnership Agreement as of such date. View More

Consolidated Net Worth. Commencing with the fiscal quarter ending June 20, 2005, permit Consolidated Net Worth at any time to be less than the sum of (i) 85% of the Borrower's Consolidated Net Worth as of June 30, 2005, (ii) an amount equal to 75% of the Consolidated Net Income earned in each full fiscal quarter ending after June 30, 2005 (with no deduction for a net loss in any such fiscal quarter) and (iii) an amount equal to 100% of the aggregate increases in ... Shareholder's Equity of the Borrower and its Subsidiaries after the date hereof by reason of the issuance and sale of Equity Interests of the Borrower or any Subsidiary (other than issuances to the Borrower or a wholly-owned Subsidiary), including upon any conversion of debt securities of the Borrower into such Equity Interests, LESS an amount equal to any decrease in Shareholder's Equity resulting directly from the repurchase of shares pursuant to and in accordance with SECTION 7.06(F). View More

Consolidated Net Worth. Means, at any time, the sum of the Company's consolidated stockholders' equity (as determined in accordance with GAAP) plus, to the extent not included in such consolidated stockholders' equity, the aggregate outstanding principal amount of the Company's 9% Convertible Junior Subordinated Debentures due 2063.

Consolidated Net Worth. Means, at any date, the consolidated stockholders' equity of the Guarantor and its Consolidated Subsidiaries determined as of such date without giving effect to any accumulated other comprehensive gain or loss after December 31, 1999 plus, to the extent not otherwise included therein, (a) the liquidation preference at such date of non-redeemable preferred stock of the Guarantor and (b) Equity Preferred Securities.

Consolidated Net Worth. All references to the term "Consolidated Net Worth" in the Loan Agreement and the other Financing Agreements shall be deemed and each such reference is hereby amended by deleting the word "and" after proviso (e), adding the word "and" after proviso (f), and adding the following new proviso (g) as follows: "and (g) solely for purposes of calculating Consolidated Net Worth of Hanover and its Subsidiaries during Hanover's fiscal year... ending December 27, 2003, Hanover's net deferred tax assets in the amount of $11,300,000 (consisting of a non-current deferred tax asset in the amount of $13,600,000 and a current deferred tax liability of $2,300,000) that are required to be written off pursuant to Financial Accounting Standards No. 109 shall be added back for purposes of determining the net amount of assets of Hanover and its Subsidiaries." View More