Equity Deficiency definition

Equity Deficiency means an amount equal to (a) $12.1 million plus the Paid Default Interest paid or payable on or prior to October 31, 2003, minus (b) the Equity Deficiency Reduction Amount.
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Equity Deficiency means (i) if the Employee’s Share (as hereinafter defined) is less than $1,000,000, then an amount equal to $1,000,000 minus the Employee’s Share, and (ii) in all other cases, $0.
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Equity Deficiency shall exist if at any time prior to completion of, and payment for, costs associated with the construction of the Tenant’s Initial Work pursuant to the GMP Contract:
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Examples of Equity Deficiency in a sentence

  • Consolidated Financial Statements 2Consolidated Balance Sheets 2Consolidated Statements of Operations and Comprehensive loss 3Consolidated Statements of Stockholders’ Equity (Deficiency) 4Consolidated Statements of Cash Flows 5Notes to Consolidated Financial Statements 6ITEM 2.

  • The Company has restated its 2013 and 2012 financial statements to comply with United States Securities and Exchange Commission regulation S-X, and the appropriate applicable accounting literature which requires that preferred members’ units be classified outside of permanent Members’ Equity (Deficiency).

  • Comprehensive income is shown as a separate component in the Consolidated Statements of Changes in Stockholders' Equity (Deficiency).

  • Unaudited Consolidated Statement of Stockholders’ Equity (Deficiency) for the period from inception on May 13, 2004 through September 30, 2008; and 5.

  • In the event that the amount of Bondholders Trust Interests subscribed for under the Make-Up Subscription Right exceeds the Equity Deficiency, each Eligible Bondholder exercising the Make-Up Subscription Right shall receive such Eligible Bondholder 's pro rata portion of available Bondholders Trust Interests, based on such Eligible Bondholder's percentage ownership of the Sub Debt as of the Record Date.

  • Financial Statements 4 Unaudited Condensed Consolidated Balance Sheets 4 Unaudited Condensed Consolidated Statements of Operations 5 Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Equity (Deficiency) 6 Unaudited Condensed Consolidated Statements of Cash Flows 7 Notes to Unaudited Condensed Consolidated Financial Statements 8 ITEM 2.

  • Pursuant to the Make-Up Subscription Right, each Eligible Bondholder shall have the right to subscribe for an additional amount of Bondholders Trust Interests up to an aggregate amount (the "Equity Deficiency") of $13.776 million, minus possible adjustments.

  • No later than three (3) Business Days prior to the Closing, Citizens shall prepare and deliver to Investar a draft statement setting forth in reasonable detail a calculation of the Adjusted Tangible Shareholders’ Equity of Citizens as of the Determination Date for purposes of determining the amount of any Citizens Minimum Equity Deficiency.

  • Financial Statements: Condensed Balance Sheets 3Condensed Statements of Cash Flows 5Condensed Statements of Operations 4Condensed Statements of Shareholders’ Equity (Deficiency) 6Notes to Condensed Consolidated Financial Statements 7– 17 Item 2.Management's Discussion and Analysis of Financial Conditionand Results of Operations18 Item 4.

  • Lender shall not have made the determination in good faith that any Equity Deficiency exists.


More Definitions of Equity Deficiency

Equity Deficiency has the meaning set forth in Section 4.08(c)(i).
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Equity Deficiency has the meaning set out in Clause 8.7.
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Related to Equity Deficiency

  • Gas Supply Deficiency means any occurrence relating to Sellers gas supply which causes Seller to deliver less than the total requirements of its system, including failures of suppliers to deliver gas for any reason, requirement of gas for system storage, conservation of gas for future delivery, or any other occurrence which is not enumerated herein which affects Sellers gas supply.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Advance Deficiency As defined in Section 4.01(b).

  • Daily Deficiency Rate means the rate employed to assess certain deficiency charges under Xxxxxx, Attachment DD, section 7, Tariff, Attachment DD, section 8, Tariff, Attachment DD, section 9, or Tariff, Attachment DD, section 13.

  • Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes are Performing Equipment Notes.

  • Operating Deficit means that, at the end of the fiscal year, the unassigned fund balance in the General Fund is less than zero.

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • Subordination Deficiency With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.

  • Accumulated Funding Deficiency has the meaning ascribed to that term in Section 302 of ERISA.

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Spread Account Deficiency means the excess, if any, of the Required Spread Account Amount over the Available Spread Account Amount.

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Event of Insolvency means, for any Person:

  • Erroneous Payment Return Deficiency has the meaning assigned thereto in Section 10.12(d).

  • Funding Default as defined in Section 2.22.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

  • Class B Deficiency Amount is defined in Section 4.1(b).

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Margin Deficit shall have the meaning assigned thereto in Section 6(a) hereof.

  • Class C Deficiency Amount is defined in Section 4.1(c).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.