CONSOLIDATED TANGIBLE NET ASSETS

CONSOLIDATED TANGIBLE NET ASSETS. Means, as of the date of any determination, the total amount of assets (less depreciation and valuation reserves and other reserves and items deductible from the gross book value of specific asset amounts 1 under generally accepted accounting principles) which under generally accepted accounting principles would be included on a balance sheet of the Guarantor and its Subsidiaries, after deducting therefrom (i) all liability items except Indebtedness... (whether incurred, assumed or guaranteed) for borrowed money maturing by its terms more than one year from the date of creation thereof or which is extendible or renewable at the sole option of the obligor in such manner that it may become payable more than one year from the date of creation thereof, shareholder's equity and reserves for deferred income taxes and (ii) all good will, trade names, trademarks, patents, unamortized debt discount and expense and other like intangibles, which in each case would be so included on such balance sheet. View More