Equity Cap definition

Equity Cap means [***]% of the issued and outstanding share capital of Atlantic (on an as-issued, post financing basis).
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Equity Cap means 48.61%.
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Equity Cap means 85.06%.
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Examples of Equity Cap in a sentence

  • The aggregate amount of financing obtained by Allegheny during the Authorization Period from the issuance and sale of common stock will not cause Allegheny to exceed the External Equity Cap.

  • The system multiplies this value with total income to adjust the value of the home.Home Equity Cap Factor Enter a cap factor from 0.0 to 9.9. Home equity is then cappedusing the factor times the computed income.

  • To the extent any milestone payment of Atlantic Equity Securities will cause Isis’ aggregate equity ownership in Atlantic to exceed the Equity Cap, Atlantic will issue to Isis only the number of shares that will maintain such Equity Cap, and will pay Isis the remainder of such milestone payment in cash.

  • Base award funding will only be used to fund additional base awards, Equity Cap Breaker funds will only be used to fund additional Equity Cap Breaker awards, and Industry Cap Breaker funding will only be used to fund additional Industry Cap Breaker awards.

  • Such underwriting actions may include the purchase by the Company or, without objection from the Company and to the extent any other shareholder agrees, by any other shareholder those shares that exceed the BHCA Total Equity Cap at a fair market value to be agreed by the BHCA Shareholder and all other parties to such sale, such agreement not to be unreasonably withheld by any party to such sale.

  • In the event the BHCA Shareholder’s shares (together with the shares of any of the BHCA Shareholder’s BHCA affiliates) exceed the BHCA Total Equity Cap, the Company will use its commercially reasonable efforts to enable the BHCA Shareholder to include the shares of Ordinary Stock exceeding the BHCA Total Equity Cap in the underwriting necessary so that the BHCA Shareholder is in compliance with the BHCA Total Equity Cap requirement.

  • Any new members who join the society replacing a leaving member will take on the Equity Cap of the leaving member they replace.

  • Notwithstanding anything to the contrary in this Agreement, in no event shall Parent and its direct or indirect wholly-owned Subsidiaries collectively be required to subscribe for or purchase more than (i) the Aggregate Equity Cap in total, or (ii) the Incremental Equity Cap on any Closing Date.

  • Notwithstanding anything to the contrary contained herein, the aggregate amount for all Transponders of (i) Owner Participant's Commitment, plus (ii) the Deferred Equity Amount, plus (iii) Transaction Costs to be paid by Owner Participant (whether paid directly or through the repayment of Series D Notes or Series E Notes), shall in no event exceed the aggregate dollar amount set forth on Schedule VII as the equity cap (the "Equity Cap").

  • This Agreement shall terminate and be of no further force and effect on the earliest to occur of (a) the issuance of the Aggregate Equity Cap, (b) the Effective Time (as defined in the Merger Agreement), (c) a termination of the Merger Agreement pursuant to Article VII thereof and (d) the Outside Date (such date, the “End Date”); provided that such termination shall not relieve a Party from such Party’s responsibilities in respect of any breach of this Agreement prior to such termination.


More Definitions of Equity Cap

Equity Cap means a cap on the equity on the Unit calculated at 2% per annum of the First Charge Principal and any deposits paid by the Eligible Purchaser under the Purchase Agreement, compounded annually from the closing date for the transfer of the Unit to the Eligible Purchaser. Notwithstanding the notice provision outlined above to trigger the Buy-Back Option, if an Eligible Purchaser is in default of their obligations under the Habitat Second Charge and fails to cure such default within the 30 day cure period outlined aforesaid, the Buy-Back Option is automatically triggered and can be exercised by Habitat, without the requirement of notice from the Eligible Purchaser. From the date of notice, Habitat has 45 days to determine if it exercise its option to buy-back the Unit at a discounted price. If Habitat exercises the Buy-Back Option and elects to purchase the Unit, then on closing the Eligible Purchaser shall pay to Habitat the Buy-Back Price less the amount outstanding of the Purchase Price Amount and the Additional Amount of the principal amount of the Habitat Second Charge. Any remaining amounts will be paid directly to the Eligible Purchaser, provided that the Eligible Purchaser shall not receive back an amount less than the First Charge Principal plus deposits they paid directly. If Habitat exercises the Buy-Back Option then:
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Equity Cap shall have the meaning set forth in Section 2.01(b) of this Participation Agreement.
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Equity Cap shall have the meaning set forth in Section 4.2.
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Equity Cap has the meaning given to it in Section 2.2(a).
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Related to Equity Cap

  • 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.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • 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.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Equity Commitment Letter has the meaning set forth in Section 5.5(a).

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Average Invested Capital of the Company shall mean the average of the aggregate historical cost of the consolidated assets of the Company and its subsidiaries, excluding the Transferred Assets, invested, directly or indirectly, in real estate or ownership interests in, and loans secured by, real estate and personal property owned in connection with such real estate (collectively, “Properties”) (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), before reserves for depreciation, amortization, impairment charges or bad debts or other similar noncash reserves, computed by taking the average of such values at the beginning and end of the period for which Average Invested Capital is calculated.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Shares Acquisition Date means the first date of public announcement by the Company or an Acquiring Person that an Acquiring Person has become such.

  • SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.

  • 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.

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.28 (6) (c) 2.

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Debt to Capitalization Ratio means the ratio of (a) Consolidated Funded Debt to (b) Consolidated Capitalization.

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • 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).

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.