Examples of Adjusted Shareholders in a sentence
The Company and the Borrower shall not permit the ratio of Mortgage Subsidiaries’ Liabilities to Mortgage Subsidiaries’ Adjusted Shareholders Equity to exceed at the end of any fiscal quarter 12.0 to 1.0.
The Company and the Borrower shall not permit the ratio of Mortgage Subsidiaries' Liabilities to Mortgage Subsidiaries' Adjusted Shareholders Equity to exceed at the end of any fiscal quarter 15.0 to 1.0.
Peoples shall obtain, at its expense, the actuarial valuation of the defined benefit pension plan contemplated above, by an actuarial firm reasonably acceptable to Summit, sufficiently in advance of the time when the Parties calculate the Adjusted Shareholders Equity.
The Loan Parties shall not at any time permit Subordinated Indebtedness to exceed the sum of: (A) two times Adjusted Shareholders' Equity up to and including $150,000,000 (in Adjusted Shareholders' Equity), plus (B) 1.0 times the excess of Adjusted Shareholders' Equity over $150,000,000 (in Adjusted Shareholders' Equity).
Adjusted Shareholders' Equity shall have been finally determined pursuant to Section 1.12.