Tangible Net Worth

Tangible Net Worth. Means, with respect to the Grantors, the aggregate shareholders' equity (or the equivalent thereof) of the Grantors calculated in accordance with GAAP consistently applied after subtracting therefrom the aggregate amount of the Grantors' intangible assets (as determined in accordance with GAAP), including, without limitation, goodwill, franchises, licenses, patents, trademarks, tradenames, copyrights and service marks and after subtracting any equity of the Borrower calculated in accordance... with GAAP. View More

Tangible Net Worth. As of a given date, (a) the stockholders' equity of the Parent and its Subsidiaries determined on a consolidated basis, plus (b) minority interests in the Borrower, plus (c) accumulated depreciation and amortization, minus (d) the following (to the extent reflected in determining stockholders' equity of the Parent and its Subsidiaries): (i) the amount of any write-up in the book value of any assets contained in any balance sheet resulting from revaluation thereof or any write-up in excess of... the cost of such assets acquired, and (ii) all amounts appearing on the assets side of any such balance sheet for assets which would be classified as intangible assets under GAAP, all determined on a consolidated basis View More

Tangible Net Worth. Total assets less the sum of Intangible Assets, and total liabilities.

Tangible Net Worth. Shall mean, on any date and with respect to any Borrower, the consolidated stockholders' equity of such Borrower and its consolidated Subsidiaries (provided, that the consolidated stockholders' equity of COFC shall include an amount equal to 80% of the face amount of any Mandatorily Convertible Securities issued by it so long as such Mandatorily Convertible Securities do not, at any time, comprise more than 25% of the Tangible Net Worth of COFC) less Intangibles of such Borrower and its... consolidated Subsidiaries, all determined as of such date on a consolidated basis without duplication in accordance with GAAP. View More

Tangible Net Worth. Means, as to any Person, as of any determination date, the total of all assets which would appear on the consolidated balance sheet of such Person and its subsidiaries, less the sum of the following: (i) the book amount of all such assets which would be treated as intangibles, including all such items as goodwill, trademarks, trademark rights, trade names, trade name rights, brands, copyrights, patents, patent rights, licenses, deferred charges and unamortized debt discount and expense; (ii)... any write-up in the book value of any such assets resulting from a revaluation thereof subsequent to the date of the most recent financial statements delivered to Lender; (iii) all reserves, including reserves for depreciation, obsolescence, depletion, insurance and inventory valuation, but excluding contingency reserves not allocated for any particular purpose and not deducted from assets; (iv) the amount, if any, at which any Equity Interests of the Person or any of its subsidiaries appear on the asset side of such consolidated balance sheet; (v) the Total Liabilities of the Person; and (vi) all investments in foreign Affiliates of the Person and unconsolidated domestic Affiliates of the Person; all as calculated for ESC and its Subsidiaries on a consolidated basis. View More

Tangible Net Worth. Means all amounts included under "equity" on the consolidated balance sheet of the Company, determined in accordance with GAAP, less Intangible Assets, plus the Liquidity Event Intangible Asset.

Tangible Net Worth. The Borrowers' total assets, excluding all intangible assets (including, without limitation, goodwill, trademarks, patents, copyrights, organization expenses, and similar intangible items) less total liabilities, all determined on a consolidated basis

Tangible Net Worth. As of any date of determination and with respect to any Seller Party, the excess of total assets (net of goodwill and intangible assets) over total liabilities on such date, calculated in accordance with GAAP, as reported on such party's most recently delivered financial statements.

Tangible Net Worth. Means, at any particular time, all amounts which, in conformity with GAAP, would be included as equity on a balance sheet of a Person; provided, however, there shall be excluded therefrom: (i) any amount of which the equity of such Person appears as an asset on such Person's balance sheet, (ii) goodwill, including any amounts, however designated, that represent the excess of the purchase price paid for assets or stock over the value assigned thereto, (iii) patents, trademarks, trade names, and... copyrights, (iv) deferred expenses, (v) loans and advances to any equity holder, director, officer, or employee of the Person or any affiliate of such Person, and (vi) all other assets which are properly classified as intangible assets. View More

Tangible Net Worth. With respect to any Person and its consolidated Subsidiaries on any date, the Net Worth of such Person and its consolidated Subsidiaries, minus (a) to the extent already included in the calculation of Tangible Net Worth, amounts owing to such Person or any of its consolidated Subsidiaries from any affiliate thereof, or from officers, employees, partners, members, directors, shareholders or other Persons similarly affiliated with such Person or any Subsidiary or Affiliate thereof, (b) intangible... assets as determined in accordance with GAAP, and (c) prepaid taxes and/or expenses, all on or as of such date and all determined, in each case, on a consolidated basis without duplication. View More