Tangible Net Worth

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. 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.

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. 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.