Equity Cap definition

Equity Cap means [***]% of the issued and outstanding share capital of Atlantic (on an as-issued, post financing basis).
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Equity Cap means 48.61%.
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Equity Cap means 85.06%.
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Examples of Equity Cap in a sentence

  • Selected Comparable Public Companies Credit Analysis (Dollar amounts in thousands, except per share amounts) Short Long Tangible Total Total EBITdA/ Term Term Total Preferred Stockholders’ Total Debt/ Interest Debt/ Interest Company Symbol Debt Debt Debt Stock Equity Cap.

  • Equity Cap – The total number of shares subject to all Equity Awards granted to an Office Holder in any fiscal year shall not exceed 1.5% of fully diluted share capital of the Company at the time of grant.

  • Equity Cap – The total number of shares subject to all Equity Awards granted to an Office Holder in any fiscal year shall not exceed (i) in the case of CEO and CTO - 1.5% of fully diluted share capital of the Company at the time of grant, (ii) in the case of other officers - 1.0% of fully diluted share capital of the Company at the time of grant, and (iii) in the case of directors - 0.25% of fully diluted share capital of the Company at the time of grant.

  • The Shareholders expressly agree that they shall not be obligated to contribute any amounts to Britannia in the form of debt and that they shall not be obligated to make any equity investments beyond the Equity Cap.

  • This Agreement shall terminate and be of no further force and effect on the earliest to occur of (a) the issuance of the Aggregate Equity Cap, (b) the Effective Time (as defined in the Merger Agreement), (c) a termination of the Merger Agreement pursuant to Article VII thereof and (d) the Outside Date (such date, the “End Date”); provided that such termination shall not relieve a Party from such Party’s responsibilities in respect of any breach of this Agreement prior to such termination.

  • Cash Settlement Unless the Holder elects to exercise its stock settlement option, the Company will deliver on the Stated Maturity Date, per YEELDs, the Maturity Payment Amount in cash, which is equal to the lesser of (i) the Settlement Value and (ii) the Equity Cap Price, plus any accrued but unpaid coupon payments.

  • Notwithstanding anything to the contrary in this Agreement, in no event shall Parent and its direct or indirect wholly-owned Subsidiaries collectively be required to subscribe for or purchase more than (i) the Aggregate Equity Cap in total, or (ii) the Incremental Equity Cap on any Closing Date.

  • The Dollar Cap or Equity Cap, as applicable, shall be paid (i) in cash in an amount equal to the tax obligations of the Manager Equityholders resulting from the aggregate Management Fees earned in such Fiscal Year (up to a maximum rate of 25%) and (ii) with respect to the remaining portion of the Dollar Cap or Equity Cap, as applicable, in the form of OP Units issued to the Manager at a price per OP Unit equal to the Cash Amount (as defined in the OP LPA) as of the applicable date.

  • Exhibit B Wire Transfer Instructions Xxxxx Fargo Bank ABA # 000000000 Cr: Corporate Trust Clearing A/C# 1038377 FFC: Power SeraCare Life/First Equity Cap Esc, A/C #16110200 Attn: Xxxxxxxx X.

  • Cash Settlement If the Company elects to exercise its stock settlement option, the Company will deliver on the Stated Maturity Date, per YEELDs, the Maturity Payment Amount in cash, which is equal to the lesser of (i) the Settlement Value and (ii) the Equity Cap Price, plus any accrued but unpaid coupon payments.


More Definitions of Equity Cap

Equity Cap has the meaning given to it in Section 2.2(a). ([***]), IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THIS OMITTED INFORMATION.
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Equity Cap shall have the meaning set forth in Section 4.2.
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Equity Cap shall have the meaning set forth in Section 2.01(b) of this Participation Agreement.
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Related to Equity Cap

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Liquidity Capitalization means the number, as of immediately prior to the Liquidity Event, of shares of the Company’s capital stock (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding: (i) shares of Common Stock reserved and available for future grant under any equity incentive or similar plan; (ii) any SAFEs; and (iii) convertible promissory notes.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Equity Commitment Letter has the meaning set forth in Section 3.4(a).

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Average Invested Capital means the average of invested capital as of December 31, 2023 and the invested capital as of December 31, 2024 where the invested capital is defined as the sum of the Company’s long-term debt plus the current portion of long-term debt, less cash, cash equivalents and investments, plus stockholder equity.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.

  • Shares Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such; provided that, if such Person is determined not to have become an Acquiring Person pursuant to Section 1(a) hereof, then no Shares Acquisition Date shall be deemed to have occurred by virtue of such event.

  • SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.

  • Invested Capital means the amount calculated by multiplying the total number of Shares purchased by Stockholders by the issue price at the time of such purchase, reduced by the portion of any Distribution that is attributable to Net Sales Proceeds and by any amounts paid by the Company to repurchase Shares pursuant to the Company’s plan for the repurchase of Shares.

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.44 (8) (c) 2.

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Debt to Capitalization Ratio means, with respect to the Borrower, as of any date of determination, the ratio of (a) Total Debt for the Borrower as of such date to (b) Total Capitalization for the Borrower as of such date.

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • Adjusted Capital means cumulative gross proceeds generated by the Corporation from sales of shares of Common Stock (including proceeds from the Corporation’s distribution reinvestment plan) reduced for amounts paid for share repurchases pursuant to the Corporation’s share repurchase program. The calculation of the Subordinated Incentive Fee on Income for each quarter is as follows:

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Equity Event is the receipt by Borrower, on or after March 6, 2018 and on or prior to June 30, 2018, of unrestricted net cash proceeds of not less than Thirty Million Dollars ($30,000,000.00) from (i) the issuance and sale by Borrower of its unsecured subordinated convertible debt and/or equity securities and/or (ii) “up front” or milestone payments in connection with a joint venture, collaboration or other partnering transaction.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.