Combined Capital definition

Combined Capital has the meaning stated in the SBIC Act.
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Combined Capital as of the date of determination, the sum of (a) the aggregate value of the capital accounts of the partners of the Borrowers’ Agent as shown on the Borrowers’ Agent consolidated balance sheet contained in the most recent financial statements delivered pursuant to Section 7.1 and (b) the aggregate value of the capital accounts of the members of the CEP-TIR as shown on the consolidated balance sheet of CEP-TIR contained in the most recent financial statements delivered pursuant to Section 7.1.
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Combined Capital as of the date of determination, (i) for any date prior to the CEP-TIR Acquisition Date, the sum of (a) the aggregate value of the capital accounts of the partners of the Borrowers’ Agent as shown on the Borrowers’ Agent consolidated balance sheet contained in the most recent financial statements delivered pursuant to Section 7.1 and (b) the aggregate value of the capital accounts of the members of CEP-TIR as shown on the consolidated balance sheet of CEP-TIR contained in the most recent financial statements delivered pursuant to Section 7.1, and (ii) for any date on or after the CEP-TIR Acquisition Date, the aggregate value of the capital accounts of the partners of the Borrowers’ Agent as shown on the Borrowers’ Agent consolidated balance sheet contained in the most recent financial statements delivered pursuant to Section 7.1.”
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Examples of Combined Capital in a sentence

  • Such purchase and sale shall be for cash at a purchase price equal to the greater of (i) 50% of the Net EBITDA for the Pricing Period ending with the month immediately preceding the month in which the written notice is given exercising the Put/Call Right times the Valuation Multiple and (ii) the LD Combined Capital Account Balance.

  • Commencing on the Optional Reduction Effective Date, the Collection Agent shall cease the reinvestment of Collections for a period of time such that after giving effect to the amount of Collections which are not reinvested in accordance with the provisions of Section 2.04(b)(ii), the amount of Combined Capital on the day immediately preceding the Optional Reduction Effective Date is reduced by an amount equal to the Optional Reduction Amount.

  • LANDLORD: TENANT: Combined Capital Associates VII, 21st Century Telesis, Inc.

  • In addition, the Partnership shall pay the General Partner an additional $31,250 per fiscal quarter as compensation for management services until such time as the Combined Capital equals or exceeds Twenty Million Dollars ($20,000,000).

  • As of the date hereof, the registered holders of the Senior Notes are Teachers Insurance and Annuity Association of America, Principal Life Insurance Company, Combined Capital Life Insurance Company of America and A▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Life Insurance Company of America.

  • Combined Capital Expenditures for any Fiscal Year will not exceed $25,000,000; provided that, if and to the extent that the amount of Combined Capital Expenditures for any Fiscal Year is less than $25,000,000, the maximum amount of Combined Capital Expenditures in any subsequent Fiscal Year shall be increased by such excess amount.

  • Thereafter, with respect to each fiscal quarter, .625% of Combined Capital, as defined in SBA Regulations (ss 107.50) as of the close of business on the last day of the preceding fiscal quarter or (ii) such other percentage approved by the SBA.

  • The Borrowers, GTG Intangible and their respective Material Subsidiaries shall be permitted to make Combined Capital Expenditures.

  • Under no circumstances shall ING make any ING Receivables Interest Purchase if, after giving effect to such ING Receivables Interest Purchase, (a) the aggregate outstanding ING Capital hereunder would exceed the least of (i) the ING Facility Limit or (ii) the ING Capital Limit, or (b) the aggregate outstanding Combined Capital would exceed the least of (i) the Combined Facility Limit or (ii) the Combined Capital Limit.

  • The Management Fee for each fiscal quarter shall be an amount equal to the lesser of (i) five-eighths of one percent (.625%)of the Company's Combined Capital plus $31,250 if the Capital Commitment is less than $20,000,000, or (ii) five-eighths of one percent (.625%) of the value of the Company's assets as determined from time to time in good faith by the Management Board.


More Definitions of Combined Capital

Combined Capital means the sum of the Total Aggregate Capital and ------------------ the "Total Aggregate Capital" under the Primary Purchase Agreement.
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Combined Capital means MACC’s Combined Capital as defined in SBA regulations as of the date hereof.
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Combined Capital has the meaning stated in the SBIC Act. “Commencement Date” means February 14, 2003. “Control Person” has the meaning stated in the SBIC Act. “Debentures” has the meaning stated in the SBIC Act. “Depreciation” shall mean for each Fiscal Year an amount equal to the depreciation, amortization, or other cost recovery deduction allowable with respect to any Noncash Asset for such year or other period, except that if the Gross Asset Value of a Noncash Asset differs from its adjusted basis for Federal income tax purposes at the beginning of such year or other period, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as the Federal income tax depreciation, amortization, or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis; provided, however, that if the adjusted basis for Federal income tax purposes of a Noncash Asset at the beginning of such year or other period is zero, Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the General Partner. “Designated Party” means any of the General Partner, any Investment Adviser/Manager, and any partner, manager, stockholder, director, officer, employee, member of the Investment Committee of the New General Partner or Affiliate of any of the foregoing. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the regulations thereunder and interpretations thereof promulgated by the Department of Labor, as in effect from time to time. “Fiscal Year” shall mean the Partnership’s taxable year for federal income tax purposes or, if the context requires, any portion of such year for which the Partnership is required to allocate Profits, Losses, and other items of Partnership income, gain, loss or deduction pursuant to Article 6. “General Partner” means the general partner or general partners of the Partnership, as set forth in this Agreement. “Gross Asset Value” shall mean with respect to any Noncash Asset the Noncash Asset’s adjusted basis for federal income tax purposes, except as follows: (i) The initial Gross Asset Value of any Noncash Asset contributed by a Partner to the Partnership shall be the gross fair market value of such Noncash Asset, as
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Combined Capital means, on any given date, the aggregate of Capital and ING Capital.
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Combined Capital. 2 1.11 "Company" 2 1.12 "Debentures" 2 1.13 "ERISA" 2 1.14 "Fiscal Year" 2 1.15 "Interest" 2 1.16 "Investment Company Act" 2 1.17 "Leverage" 2 1.18 "Majority in Interest" 3 1.19 "Management Board" 3 1.20 "Management Expenses" 3 1.21 "Management Fee" 3 1.22 "Member" 3 1.23 "Net Cash Flow" 3 1.24 "Net Income" and "Net Loss" 4 1.25 "Officers" 4 1.26 "Percentage Interest" 4 1.27 "Portfolio Companies" 5 1.28 "Portfolio Securities" 5 1.29 "Private Capital" 5 1.30 "Regulatory Capital" 5 1.31 "SBA" 5 1.32 "SBIC" 5 1.33 "SBIC Act" 5 1.34 "Security" or "Securities" 5 1.35 "Securities Act" 5 1.36 "Small Business" 5 1.37 "Treasury Regulations" 5 2. Organization 5 2.1 Formation 5
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Related to Combined Capital

  • Consolidated Capital means the sum (without duplication) of (i) Consolidated Debt of the Borrower (without giving effect to the proviso in the definition of Consolidated Debt) and (ii) consolidated equity of all classes (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower.

  • Unreturned Capital means, with respect to any Unit, at any time, an amount equal to the excess, if any, of (i) the aggregate amount of Capital Contributions made with respect to such Unit, over (ii) the aggregate amount of Distributions made by the Company with respect to such Unit pursuant to Section 4.01(a)(ii) prior to such time.

  • Adjusted Capital means the sum of (i) cumulative gross proceeds generated from issuances of the Shares (including the Company's distribution reinvestment plan), less (ii) distributions to investors that represent a return of capital and amounts paid for share repurchases pursuant to the Company's share repurchase program. For purposes of computing the Incentive Fee, the calculation methodology will look through derivatives or swaps as if the Company owned the reference assets directly. Therefore, net interest, if any, associated with a derivative or swap (which represents the difference between (i) the interest income and fees received in respect of the reference assets of the derivative or swap and (ii) the interest expense paid by the Company to the derivative or swap counterparty) will be included in the calculation of quarterly pre-incentive fee net investment income for purposes of the Incentive Fee. The calculation of the Incentive Fee for each quarter is as follows: · No Incentive Fee shall be payable to the Advisor in any calendar quarter in which the Company's pre-incentive fee net investment income does not exceed the preferred return rate of 1.50% (6.0% annualized) (the "Preferred Return") on Adjusted Capital. · 100% of the Company's pre-incentive fee net investment income, if any, that exceeds the Preferred Return, but is less than or equal to 1.715% in any calendar quarter (6.86% annualized) shall be payable to the Advisor. This portion of the Company's pre-incentive fee net investment income is referred to as the "catch-up." The "catch-up" provision is intended to provide the Advisor with an incentive fee of 12.5% on all of the Company's pre-incentive fee net investment income in any calendar quarter when the Company's pre-incentive fee net investment income reaches 1.715% in such calendar quarter (6.86% annualized). · 12.5% of the amount of the Company's pre-incentive fee net investment income, if any, that exceeds 1.715% in any calendar quarter (6.86% annualized) shall be payable to the Advisor once the Preferred Return is reached and the catch-up has been achieved (12.5% of the Company's pre-incentive fee net investment income thereafter shall be allocated to the Advisor).

  • 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.

  • Contributed Capital means, with respect to a Common Unitholder holding Capital Commitments, the aggregate amount of capital contributions from such Common Unitholder’s Capital Commitments that have been funded by such Common Unitholder to purchase Units. For the avoidance of doubt, Contributed Capital will not take into account distributions of the Fund’s investment income (i.e., proceeds received in respect of interest payments, dividends or fees, net of expenses) to the investors. Following the Investment Period, the Adviser may issue Drawdown Notices, and Common Unitholders will be required to make Drawdown Purchases, for the purposes described in Section 4.1(b).