RONA Net Assets

Example Definitions of "RONA Net Assets"
RONA Net Assets. Shall mean at the time of any calculation, the difference between total assets of the Corporation and its consolidated subsidiaries exclusive of unrestricted cash and cash equivalents less (i) total interest free liabilities of the Corporation and its consolidated subsidiaries and (ii) the after tax cash gain on assets which have been disposed -3- of other than in the ordinary course of business, as determined pursuant to generally ... accepted accounting principles in effect in the United States of America from time to time. View More Arrow
Found in FAY LESLIE CO INC contract
RONA Net Assets. Shall mean at the time of any calculation, the difference between total assets of the Corporation and its consolidated subsidiaries exclusive of unrestricted cash and cash equivalents less (i) total interest free liabilities of the Corporation and its -3- consolidated subsidiaries and (ii) the after tax cash gain on assets which have been disposed -3- of other than in the ordinary course of business, subsidiaries, as determined pursuant to generally accepted accounting principles in effect in... the United States of America from time to time. View More Arrow
Found in FAY LESLIE CO INC contract
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