Equity Deficit definition

Equity Deficit means, with respect to Chase, the excess, if any (in the aggregate, when required by the use of this defined term), of the Contractual Net Cash Flow attributable to each Capital Transaction that would (i) be distributed to Chase pursuant to such Section 3.2 without taking into account the provisions of Section 3.2(a) if each Property that was sold was sold for Contractual Net Cash Flow over (ii) the Net Cash Flow be distributed to Chase pursuant to Section 3.2, again without taking into account the provisions of Section 3.2(a).
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Equity Deficit means the amount (not less than zero) equal to -------------- the Minimum Seller's Equity Requirement minus the Seller's Equity.
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Equity Deficit means an amount equal to the difference, if such number is a positive number, of (i) the Additional Equity Raise Target Amount minus (2) the aggregate amount of equity financing received by the Borrower between the Effective Date and January 1, 2025 (including through any option conversion in accordance with Section 2.7). In the event that by January 1, 2025, the Borrower has not received an aggregate of equity financing equal to or exceeding the Additional Equity Raise Amount, then on January 2, 2025, such principal amount of then-outstanding Term Loans owed by the Borrower hereunder and the unpaid accrued interest thereon as together equals the Equity Deficit shall automatically convert into Class D preferred units of the Borrower at the same price per unit and on the same terms and conditions as the Class D preferred unit of the Borrower purchased by Lender prior to the Effective Date (a “Mandatory Conversion”). .
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Examples of Equity Deficit in a sentence

  • Balance SheetsAssets Current Assets Cash $77 $74 Total Current Assets $77 74 Total Assets $77 $74 Liabilities and Stockholders’ Equity (Deficit) Current Liabilities Due to Stockholder $4493 — Total Current Liabilities 4493 — Stockholders' Equity (Deficit) Common stock, $0.000001 par value, 100,000,000 shares authorized; 75,000,000 and 74,000,000 issued and outstanding as of December 31, 2020 and 2019, respectively.

  • Balance Sheets 4 Statements of Operations 5 Statements of Stockholders' Equity (Deficit) 6 Statements of Cash Flows 8 Notes to the Financial Statements 10 The accompanying notes are an integral part of these financial statements.

  • Balance Sheets 4 Statements of Operations 5 Statements of Stockholders' Equity (Deficit) 6 Statements of Cash Flows 9 Notes to the Financial Statements 11 /* WordPerfect WARNING - No Equivalent EDGAR Representation */ /* WordPerfect Structure - Footer A Beginning */ /* WordPerfect Structure - Footer A Ending */ The following financial statements are prepared by the Company and are not audited.

  • The common share classes are displayed in aggregate on the Consolidated Balance Sheets and Consolidated Statements of Shareholders’ Equity (Deficit).

  • Notwithstanding anything contained herein to the contrary, the Excess Tax Distribution shall not be included in determining Chase's Investment Return or Equity Deficit.

  • Formerly Leggoons, Inc.) Independent Auditors Report Financial Statements Balance Sheet Statements of Operations Statements of Stockholders Equity (Deficit) Statements of Cash Flows Notes to Financial Statements GEORGE BRENNER, C.P.A. 9300 WILSHIRE BOULEVARD, SUITE 490 BEVERLY HILLS CALIFORNIA 90212 AUDITORS REPORT Board of Directors Betting, Inc.

  • Book value per share is calculated as Total Shareholders’ (Members’) Equity (Deficit) divided by Total Basic (or Diluted) Outstanding Shares.

  • A prior period adjustment has been applied to the Consolidated Statements of Changes in Equity (Deficit) as of January 1, 2018 for the cumulative effect of this restatement for years prior to 2018.

  • Shareholders’ Equity (Deficit) has been retroactively adjusted to give effect to the reverse stock split for all periods presented by reclassifying from Common stock to Capital surplus, the par value of the share reduction in connection with the reverse split.

  • Statement of Stockholders' Equity (Deficit) Statement of Cash Flows, Year Ended January 31, 2004 and Year Ended January 31, 2003 Notes to Financial Statements (2) Exhibits.


More Definitions of Equity Deficit

Equity Deficit is defined in Section 2.7(b).
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Equity Deficit means 555,000 CHF. "Fixed Operating and Interest Expense Charge" shall mean 621,000 CHF.
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Equity Deficit means the amount, if any, by which the shareholders' equity of CFC (determined in accordance with generally accepted accounting principles consistently applied), as of the effective time of Closing, is less than the Minimum Equity, where the "Minimum Equity" means:
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Equity Deficit is defined in Section 10.01(a).
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Related to Equity Deficit

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2003-5 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2003-5 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2003-5 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2003-5 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2003-5 Liquidity Amount on such date and (b) the Series 2003-5 Required Liquidity Amount on such date.

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

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

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

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

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • 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.

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