Consolidated Shareholders Funds definition
Consolidated Shareholders Funds means, without duplication, the total shareholders equity of the Companies at close of business on April 30, 2007. For purpose of clarification, ‘shareholders equity’ shall mean patrimonio neto in the case of Gainvest FCI, Gainvest Argentina and Gainvest Uruguay, patrimônio líquido in the case of Gainvest Brazil and net worth in the case of Gainvest BVI, including share and paid in capital plus retained and statutory reserves, and in each case (i) it shall be calculated net of any intercompany accounts or other cross holdings due among Companies, and (ii) in the case of Gainvest Uruguay, only 90% of its shareholders equity shall be taken into account. All calculations shall be determined according to respective local GAAP of each country of incorporation, and amounts in local currencies shall be converted into US$ at the selling exchange rate of close of business of April 30, 2007 as reported by Banco de la Nación Argentina in the case of Gainvest FCI and Gainvest Argentina, Banco Central de la República Oriental del Uruguay in the case of Gainvest Uruguay, and the Central Bank of Brazil in the case of Gainvest Brazil, taking as a reference the average between selling exchange rate and buying exchange rate.
Consolidated Shareholders Funds means, as of any date, an amount, without duplication, equal to the aggregate of:
Consolidated Shareholders Funds means at any time the aggregate of:
Examples of Consolidated Shareholders Funds in a sentence
Except as set forth in Annex 6.02(b)(iii), which actions were only taken so that the Consolidated Shareholders Funds be at least as indicated in the paragraph above, since date of the Financial Statements, the Companies have conducted their businesses only in the ordinary course of business and consistent with their past practices.
More Definitions of Consolidated Shareholders Funds
Consolidated Shareholders Funds means, without duplication, the total shareholders equity of the Companies at close of business on April 30, 2007. For purpose of clarification, ‘shareholders equity’ shall mean patrimonio neto in the case of Gainvest FCI, Gainvest Argentina and Gainvest Uruguay, patrimônio líquido in the case of Gainvest Brazil and net worth in the case of Gainvest BVI, including share and paid in capital plus retained and statutory reserves, and in each case (i) it shall be calculated net of any intercompany accounts or other cross holdings due among
Consolidated Shareholders Funds means the aggregate of: