Grupo Shareholders' Equity Sample Clauses

Grupo Shareholders' Equity. The sum of the Shareholders' Equity of all the Grupo entities, as defined in the previous section. The mutualisation percentages corresponding to each Entity shall be calculated annually after the close of the financial year, and shall be effective and applicable during the following financial year. This periodicity of calculation may be reduced in cases where it takes place within a financial year: 1. A change in the Grupo's shareholders' equity due to: a. The incorporation or withdrawal of a member entity from the Grupo. b. A business combination between a member entity and a non-member entity c. A change in the ownership structure of the parent entity's capital affecting at least one member entity of the Grupo. 2. A change in the ownership structure of the parent entity's capital affecting at least one member entity of the Grupo. The merger of two or more member entities shall not give rise to a reduction in the calculation periodicity, insofar as the entity resulting from the corporate operation shall automatically, as from the date of accounting effects of the operation, be assigned the percentage resulting from the sum of the percentages corresponding to the merging entities. In the event of any of the events giving rise to the reduction of the calculation periodicity, the head institution shall recalculate the mutualisation percentages in accordance with the above. These percentages shall be effective on the basis of the accounting effect date of the event giving rise to the reduction of the periodicity: If the accounting effects of the event in question occur between the first and the 15th of the month, inclusive, the recalculation rates shall be effective from the first day of that month until the end of the financial year or, as the case may be, until such time as one of these events occurs again. If the accounting effects of the event in question occur on or after the 16th day of the month, the recalculation rates shall be effective from the first day of the following month until the end of the financial year or, as the case may be, until such time as one of these events occurs again. The mutualisation process is a continuous process whose calculation and settlement may be made at any time at the request of the head entity, although in general it will be calculated with the monthly closes and its settlement, on the same date, will be made in the treasury accounts of the head entity with the rest of the entities. Due to unforeseen circumstances, ...
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Related to Grupo Shareholders' Equity

  • Shareholders’ Equity Permit Gannett’s Total Shareholders’ Equity at any time to be less than $3,500,000,000.

  • STOCKHOLDERS' EQUITY As at any date of determination, the sum of (a) the capital accounts including common stock and preferred stock, but excluding treasury stock of the Borrower plus (b) the earned surplus and capital surplus of the Borrower (excluding adjustments to translate foreign assets and liabilities for changes in foreign exchange rates made in accordance with Financial Accounting Standards Board Statement No. 52), as determined in accordance with GAAP.

  • Minimum Shareholders’ Equity The Borrower will not permit Shareholders’ Equity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

  • Complete Portfolio Holdings From Shareholder Reports Containing a Summary Schedule of Investments; and

  • Trustees, Shareholders, etc Not Personally Liable; Notice. All persons extending credit to, contracting with or having any claim against the Trust or any Series or class shall look only to the assets of the Trust, or, to the extent that the liability of the Trust may have been expressly limited by contract to the assets of a particular Series or attributable to a particular class, only to the assets belonging to the relevant Series or attributable to the relevant class, for payment under such credit, contract or claim; and neither the Shareholders nor the Trustees, nor any of the Trust's officers, employees or agents, whether past, present or future, shall be personally liable therefor. Nothing in this Declaration of Trust shall protect any Trustee against any liability to which such Trustee would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee. Every note, bond, contract, instrument, certificate or undertaking made or issued on behalf of the Trust by the Trustees, by any officer or officers or otherwise shall give notice that this Declaration of Trust is on file with the Secretary of the Commonwealth of Massachusetts and shall recite that the same was executed or made by or on behalf of the Trust or by them as Trustee or Trustees or as officer or officers or otherwise and not individually and that the obligations of such instrument are not binding upon any of them or the Shareholders individually but are binding only upon the assets and property of the Trust or upon the assets belonging to the Series or attributable to the class for the benefit of which the Trustees have caused the note, bond, contract, instrument, certificate or undertaking to be made or issued, and may contain such further recital as he or she or they may deem appropriate, but the omission of any such recital shall not operate to bind any Trustee or Trustees or officer or officers or Shareholders or any other person individually.

  • Shareholders’ Fees The Transfer Agent shall be entitled to charge the Fund’s shareholders directly, and may redeem shares of the Fund held in a shareholder’s Account to satisfy such charges, in accordance with the following provisions:

  • Consolidated Senior Leverage Ratio Permit the Consolidated Senior Leverage Ratio as at the last day of any fiscal quarter of the Borrower Parent (i) occurring on or before March 31, 2015, to exceed 2.50:1.00; (ii) occurring thereafter, to exceed 2.00:1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

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