Direct Capital definition

Direct Capital means capital specifically identifiable to the assets of the Business’ origination platform or servicing platform of the Business (whether on-balance sheet or off-balance sheet, such as warehouse facilities (including, during the Stub Period, warehouse facilities of the Acquiring Party to the extent used for the Business)). • Any third party debt incurred in respect of the Business (including, during the Stub Period, third party debt incurred by any Acquiring Party in respect of the Business that is the subject of the Sale Transaction) other than Direct Capital shall be applied a capital charge in an amount equal to the applicable interest rate (“Other Third Party Debt”). • A capital charge shall be applied to any Excess Capital during the Calculation Period equal to 20% (on an annualized basis).
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Direct Capital has the meaning assigned to such term in the initial paragraph hereof.
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Examples of Direct Capital in a sentence

  • Investors that are Entities: BrownSavano Direct Capital Partners, L.P. By: BrownSavano Direct GP, LLC, its General Partner By: BrownSavano JV, LLC, its Manager /s/ ▇▇▇▇▇▇ ▇.

  • You are hereby notified that on the date hereof, Direct Capital Group Inc.

  • Secured Parties: Bank Direct Capital Finance and IPFS Corporation Collateral: Lien on all sums payable to ▇▇▇▇▇▇ Drilling Company with reference to applicable insurance policies, securing indebtedness listed on Schedule 7.03(d) owed to Secured Party with respect to insurance premium financings.

  • The remaining balance of debt in the Company held by Direct Capital Group Inc.

  • Operating expenses, smelter, refining and shipping costs as well as the Centromin royalty, are summarized in Section 1.7. Capital expenditures are described in detail in previous section of this Report and are summarized as follows: Mine Capital Cost 231,785 Direct Capital Cost 784,188 Indirect Capital Cost 242,840 Owner, Tailings and ROM Capital Cost 265,224 TOTAL 1,524,037 All values shown above are with contingencies included.

  • Except for "Preferred Mortgage Corporation", "T.A.R. Preferred Mortgage Corporation" and "Direct Capital", the Company has no trade name.

  • This Exchange Convertible Promissory Note (this “Note”) was issued to GHS pursuant to a Settlement and Release Agreement dated as of February 7, 2017 by and between the Company and the Holder (the “Settlement Agreement”) in exchange for the Convertible Promissory Note in the aggregate principal amount of $15,886; Dated April 28, 2016 (Tacking Back to a Convertible Promissory Note between Direct Capital Group, Inc.

  • Borrower is obligated to, among other things, make quarterly interest payments to Lender pursuant to the terms and conditions of the Promissory Note dated February 24, 2004 (the "$770,000 Note") in the original principal amount of $770,000 from Borrower to Direct Capital Investment, Ltd.

  • ASSIGNEE: By: ____________________ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Title: CEO May 13, 2016 There has been no consideration received by Simlatus Corporation within the past 6 months in connection with the October 1, 2013 promissory note to Direct Capital Group.

  • Representatives of ADC or American Direct Capital ("Capital") are not authorized to bind or obligate the Bank in any way.

Related to Direct Capital

  • Net Capital as used in this rule, shall mean the difference between total assets and total indebtedness, as determined by generally accepted accounting principles, consistently applied, and thereafter adjusted pursuant to paragraph (K)(2) of this rule.

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.