Adequate Capitalization definition

Adequate Capitalization means, in respect of an Operator, such Operator (directly or through its constituent owners), immediately upon entering into the applicable Operator Ground Lease, will have equity capital invested into the applicable Component in an amount no less than ten (10%) of the value (i.e., purchase price) of the applicable Component. For the avoidance of doubt, such Operator shall have the right to acquire the applicable Component with debt financing of up to a ninety percent (90%) loan-to-value ratio. For purposes hereof, “Adequate Liquidity” shall mean, with respect to an Operator, such Operator shall have immediate access to funds (which may take the form, without limitation, of undrawn loan facilities, unfunded capital commitments of creditworthy constituent partners, shareholders or members, or lender-controlled reserves) in an amount which is no less than the lesser of (x) $2,000,000 and (y) the amount reasonably necessary to maintain the exterior of the Component and the Component’s allocable share of public areas (pursuant to the approved CAM Agreement) for the ensuing three (3) years as required under the applicable Operator Ground Lease. Authority hereby agrees and acknowledges that Related Urban Management Company, L.L.C. has sufficient experience in owning and operating similar first class improvements in a high-rise, mixed use environment in an urban core area in a major city in the United States and will have an office in Los Angeles, and is hereby approved as a Qualified Owner. Additionally, Authority hereby approves The Related Companies of California, LLC as a Qualified Owner of the Affordable Housing Units. The Authority hereby acknowledges and agrees that any subsidiary of Lessee shall be deemed a Qualified Owner.
Sample 1

Examples of Adequate Capitalization in a sentence

  • Section 4.7 Solvency; Adequate Capitalization; Ability to Pay Debts .................

  • No Assurance of Adequate Capitalization This Offering is not being undertaken on either a so-called “all or nothing” or “mini-max” basis as is typical for start-up ventures.

  • Section 3.15 Solvency; Adequate Capitalization; Ability to Pay Debts...

  • Solvency; Adequate Capitalization; Ability to Pay Debts............................34 Section 3.20.

Related to Adequate Capitalization

  • Capitalization fairly present the information set forth therein on a basis consistent with that of the audited financial statements contained in the Registration Statement.

  • Company Capitalization means the sum, as of immediately prior to the Equity Financing, of: (1) all shares of Capital Stock (on an as-converted basis) issued and outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding (A) this instrument, (B) all other Safes, and (C) convertible promissory notes; and (2) all shares of Common Stock reserved and available for future grant under any equity incentive or similar plan of the Company, and/or any equity incentive or similar plan to be created or increased in connection with the Equity Financing.

  • Capitalization grant means the federal grant made to this state by the United States environmental protection agency for either of the following purposes:

  • 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.

  • Material Change means a change that an average, careful investor would want to know about before making an investment decision. If a material change occurs afler you make an investment commitment but before the ORering closes, then the Company will notify you and ask whether you want to invest anyway. If you do not affirmatively choose to invest, then your commitment will be cancelled, your funds will be returned to you, and you will not receive any securities.

  • Required Financial Information means, with respect to each fiscal period or quarter of the Borrower, (a) the financial statements required to be delivered pursuant to Section 6.01(a) or (b) for such fiscal period or quarter of the Parent REIT, and (b) the Compliance Certificate required by Section 6.02

  • Informed Financial Consent means the medical provider advises you of any out-of-pocket costs before your admission. This is called Informed Financial Consent.

  • Public money means any funds or money obtained from any governmental entity, including, but not limited to, research grants.

  • Company Financial Information As defined in Section 2(a)(ii).

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Capitalization Date has the meaning set forth in Section 3.2(a).

  • Certified nurse practitioner means an individual who is licensed as a registered professional nurse under part 172 who has been granted a specialty certification as a nurse practitioner by the Michigan board of nursing under section 17210.

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • General Motors Financial Company, Inc. means General Motors Financial Company, Inc. (f/k/a AmeriCredit Corp.).

  • Ordinary Course means, with respect to an action taken by a Person, that such action is consistent with the past practices of the Person and is taken in the ordinary course of the normal day-to-day operations of the Person.

  • Adequately Capitalized means compliance with the capital standards for bank holding companies as described in the Bank Holding Company Act of 1956, as amended, and regulations promulgated thereunder.

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Market Capitalization means an amount equal to (i) the total number of issued and outstanding shares of Capital Stock of the IPO Entity on the date of the declaration of the relevant dividend, multiplied by (ii) the arithmetic mean of the closing prices per share of such Capital Stock for the 30 consecutive trading days immediately preceding the date of the declaration of such dividend.

  • Certification Practice Statement means a statement issued by a Certifying Authority to specify the practices that the Certifying Authority employs in issuing Digital Signature Certificates;

  • Ordinary Course Transferees (i) with respect to goods only, buyers in the ordinary course of business and lessees in the ordinary course of business to the extent provided in Section 9-320(a) and 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction, (ii) with respect to general intangibles only, licensees in the ordinary course of business to the extent provided in Section 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction and (iii) any other Person who is entitled to take free of the Lien pursuant to the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction.

  • Ordinary Course Professional Order means the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [D.I. 765].

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Established business relationship means a relationship between a seller and a consumer based on: