Tangible Net Worth

Tangible Net Worth. All amounts that would be included under capital or shareholder's equity (or any like caption) on the balance sheet of any Person, minus (a) amounts owing to that Person from any Affiliate thereof, or from officers, employees, partners, members, directors, shareholders or other Persons similarly affiliated with such Person or any Affiliate thereof, (b) intangible assets, and (c) prepaid taxes and/or expenses, plus deferred origination fees, net of deferred origination costs, all on or as of... such date View More

Tangible Net Worth. On any date, the consolidated total assets of Borrower minus, (i) any amounts attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, Patents, trade and service marks and names, Copyrights and research and development expenses except prepaid expenses, (c) reserves not already deducted from assets, (d) and restricted cash, and (ii) Total Liabilities, plus Subordinated Debt.

Tangible Net Worth. Of any Person means an amount equal to: (a) Net Worth of such Person; less (b) the sum of goodwill, patents, trademarks and other assets that would be classified as intangible assets in accordance with GAAP.

Tangible Net Worth. Shall mean, at any date of determination, the difference between: (a) the total assets appearing on Borrower's balance sheet at such date prepared in accordance with GAAP after deducting adequate reserves in each case where, in accordance with GAAP, a reserve is proper; and (b) the total liabilities appearing on such balance sheet (the "Total Liabilities"); excluding, however, from the determination of total assets: (i) goodwill, organizational expenses, research and development expenses,... trademarks, trade names, copyrights, patents, patent applications, licenses and rights in any thereof, covenants not to compete, training costs and other similar intangibles; (ii) all deferred charges or unamortized debt discount and expense other than deferred income taxes; (iii) securities which are not readily marketable; (iv) any write-up in the book value of any assets resulting from a re-evaluation thereof subsequent to the date of Borrower' s annual financial statement described in Paragraph 15(h); (v) amounts due from officers or Affiliates; and (vi) any asset acquired subsequent to the date of this Agreement which the Lender, in its reasonable business judgment, determines to be an intangible asset View More

Tangible Net Worth. And "Total Debt" are defined in Section 5.18. The foregoing definitions shall be applicable to the singulars and plurals of the foregoing defined terms.

Tangible Net Worth. Borrower's total assets excluding all intangible assets (i.e., goodwill, trademarks, patents, copyrights, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements) less Total Debt

Tangible Net Worth. Stockholders equity plus minority interest minus Intangibles

Tangible Net Worth. The total net worth of Borrower less the sum of goodwill and other intangible assets.

Tangible Net Worth. Shall mean stockholder equity less goodwill.

Tangible Net Worth. Shall mean stockholder equity less (i) goodwill and (ii) preferred stockholder equity.