EQUITY BALANCE Sample Clauses

EQUITY BALANCE. Equity Balance shall equal Tenant's share capital plus retained earnings as reflected in Tenant's annual and certified financial statements. Retained earnings shall be calculated pursuant to U.S. GAAP. A Goodwill adjustment (to the extent it is not reflected in retained earnings) of approximately $25,000,000 which applies to the Goodwill created in the acquisition of Tenant by Comtel in 1992, is the only major expected GAAP adjustment to the Retained Earnings balance as of December 31, 1996.
Sample 1
AutoNDA by SimpleDocs

Related to EQUITY BALANCE

  • Outstanding Balance The balance on Lender's books and records shall be presumptive evidence (absent manifest error) of the amounts owing to Lender by the Borrowers; provided that any failure to record any transaction affecting such balance or any error in so recording shall not limit or otherwise affect the Borrowers' obligation to pay the Obligations.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • Termination and Reduction of Aggregate Maximum Credit Amounts (a) Scheduled Termination of Commitments. Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

  • Balance Each Receivable had an original Principal Balance of not more than $74,979.18 and, as of the Cut-off Date, had a Principal Balance of not less than $2,000.32 and not more than $71,436.06.

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • Maximum Loan Amount “Maximum Loan Amount” has the meaning set forth in Section 2.1(a).

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

Time is Money Join Law Insider Premium to draft better contracts faster.