Equity Cushion definition

Equity Cushion means, with respect to any Obligor and as calculated by the Servicer, the pro forma ratio of (a) the equity of such Obligor to (b) the total capitalization of such Obligor, determined as of (i) if the related Underlying Instrument was executed within the twelve (12) months prior to the date of determination, the date on which the related Underlying Instrument was executed and (ii) if such Underlying Instrument was executed prior to the twelve (12) months prior to the date of determination, the date of the most recent financial statements of such Obligor received by the Borrower.
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Equity Cushion means, with respect to any Obligor and as calculated by the Servicer, the pro forma ratio of (a) the equity of such Obligor to (b) the total capitalization of such Obligor, determined as of the Cut-Off Date.
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Equity Cushion in Section 1.1 (Defined Terms) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: "[Intentionally Omitted]".
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Examples of Equity Cushion in a sentence

  • First ask for the whole, counter with part of WC, agree middle of the road - get compensated for costs of delivery Different financing Sources Available: From most expensive and most risky to less expensive less risky Equity: Cushion for debt investors Subordinate debt: Called subs Secondary lending, riskier (13-18%) Currently can borrow 3 x EBTDA for mid-market, bigger companies can go further.

  • U.S. Bank’s Interest in the Property is Adequately Protected by a Substantial Equity Cushion Remaining for determination is whether cause exists to grant stay relief to U.S. Bank because its interest in the Property is not adequately protected.

  • Adequate Protection May Consist of an Equity Cushion and Is Appropriate Solely as and to the Extent of Any Diminution in Value of a Secured Creditor’s Interest in Its Collateral.

  • No opposition filed.Property: 15117 Oro Grand St. Sylmar, CA 91342 Property Value: $536,000Amount Owed: $409,330.08 Equity Cushion: 24% Equity: $126,669.92Post-Petition Delinquency: $8,228.63 (3 payments of $3,572.23 + $1,031.00 in attorney’s fees less suspense account or partially paid balance of$3,519.06) Movant alleges that postpetition mortgage payments due on the note secured by a deed of trust on the Property have not been made to Movant.

  • Equity Cushion: 32.77%Equity: $278,594.63Post-Petition Delinquency: $7,700.31 Movant requests relief under 11 U.S.C. 362(d)(1), with the specific relief requested in paragraphs 2 (proceed under non-bankruptcy law); 3 (Movant permitted to engage in loss mitigation activities); 7 (waiver of the 4001(a)(3) stay) and 13 (if relief is not granted, adequate protection shall be ordered).

  • Property: 2014 KIA OPTIMA Property Value: $11,775.00Amount Owed: $ 8,477.25 Equity Cushion: Unk.Equity: $3,297.75Delinquency: $1,089.23 in arrears and an additional monthly payment of$358.82 due on 07/20/2021.

  • No opposition filed.Property: 5647 Jumilla Avenue, Woodland Hills Area, CA 91367 Property Value: $ 915,670.00Amount Owed: $ 978,665 (Movants Claim $77,588.62) Equity Cushion: 0.0%Equity: $0.00.Post-Petition Delinquency: $10,578.85 (1 payment of $150.81 and 23 payments of $459.95) Disposition: GRANT under 11 U.S.C. 362(d)(1) with relief requested in paragraphs 2 (proceed under non-bankruptcy law); 3 (Movant permitted to engage in loss mitigation activities); and 7 (waiver of the 4001(a)(3) stay).

  • Based on the Equity Cushion alone,the Debtors should be granted authority to use the Cash Collateral.

  • The Debtor’s Prepetition Secured Creditors Are Adequately Protected By A Substantial Equity Cushion, The Continued Operation Of The14 Debtor’s Business And Other Forms Of Adequate Protection 1515 III.

  • Amount Owed: $258,366.79 Equity Cushion: unk.Equity: unk.Post-Petition Delinquency: $16,991.00 (10 payments of $1,699.10) Movant requests relief under 11 U.S.C. 362(d)(1), with specific relief requested in paragraphs 2 (proceed under non-bankruptcy law); 3 (Movant permitted to engage in loss mitigation activities); 7 (waiver of the 4001(a)(3) stay), and 9 (relief under 362(d) (4).


More Definitions of Equity Cushion

Equity Cushion has the meaning specified in the Orders.
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Related to Equity Cushion

  • Equity Capital means and includes (i) any and all ordinary shares, stock or other common or ordinary equity shares, interests, participations or other equivalents of or interests therein (however designated), including, without limitation, shares of preferred or preference shares, (ii) all partnership interests (whether general or limited) in any Person which is a partnership, (iii) all membership interests or limited liability company interests in any limited liability company, and (iv) all equity or ownership interests in any Person of any other type.

  • Consolidated First Lien Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Debt (other than any portion of Consolidated Net Debt that is unsecured or is secured solely by a Lien that is expressly subordinated to the Liens securing the Obligations) as of such date to (b) Consolidated EBITDA for the most recent Test Period.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on any asset or property of such Person or its Restricted Subsidiaries that constitutes Collateral.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Indebtedness as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

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