Furthermore, as of September 30, 2014, we were in compliance with the covenants contained in our loan agreements, with the exception of the Market Value Adjusted Net Worth
covenant contained in one of our loan agreements as a result of the expiration of waiver on April 1, 2014, which will be cured upon signing of the new loan mentioned above.
Almost all mid-cap PSU banks are available at 60-90% adjusted net worth
Examples include underreporting adjusted net worth
and serving as a "pass-through" for non-8(a) companies.
Embedded value life insurance (EVLI) represents the contributed capital invested in AEGON's life operations, available surplus or adjusted net worth
(ANW), and the value of in-force life business (ViF).
However, an audited financial statement, with a computation of adjusted net worth
, must still be submitted in accordance with the OIG Audit Guide, (HUD Handbook 2000.
Resolution of H&R Block's non-compliance with the Office of Thrift Supervision (OTS) adjusted net worth
According to the supplemental agreement, the financial covenants relating to the minimum debt service coverage ratio, the minimum market value adjusted net worth
and the maximum leverage ratio are eliminated until the maturity of the loan.
In addition, H&R Block's credit facilities require that the company maintain at least $450 million of adjusted net worth
at the quarter end for January 2008, and $650 million thereafter.
Furthermore, as of June 30, 2014, we were in compliance with the covenants contained in our loan agreements, with the exception of the Leverage Ratio and Market Value Adjusted Net Worth
covenant contained in two of our loan agreements as a result of the expiration of waivers under certain of our loan agreements on January 1, 2014 and April 1, 2014.
The technical violations had resulted from a variation of the required minimum adjusted net worth
, debt service coverage and interest coverage ratio as of March 31, 2003.
Under the terms of the merger agreement, adjustments to the share exchange ratio -- if any -- would be caused by a decrease in Newcourt's adjusted net worth
as defined by the agreement.
Further, Singer's adjusted net worth
reflected in the audited balance sheet is above the minimum threshold that would otherwise have required an adjustment in the merger agreement.