Equity Portion definition

Equity Portion means the separate portions of the Net TV Amount (Equity Portion), which portions correspond to the Equity Investment and each series of Additional Equity Investment that may have been issued from time to time and are determined by multiplying (a) the Net TV Amount (Equity Portion), by (b) the fraction (i) the numerator of which is the outstanding principal amount of the applicable Equity Investment or such series of Additional Equity Investment and (ii) the denominator of which is the aggregate outstanding principal amount of the Equity Investment and the Additional Equity Investments.

Equity Portion has the meaning assigned to such term in Section 1.3.

Equity Portion means, for the purposes of calculating the Final Consideration Shareholding in accordance with Section 2.06(3), that portion of the capital expenditure required to be undertaken by Anooraq or any Affiliate in accordance with the Ga-Phasha Project or the Drenthe-Overysel Project, as the case may be, in order to achieve Commercial Production, which portion is: (i) not financed by Anooraq or its Affiliates incurring debt obligations to third party lenders; and (ii) designated by a Disinterested Majority on or prior to the date of such calculation;

Examples of Equity Portion in a sentence

• The Equity Portion of the Annual Director Fee shall be paid in arrears as provided in Section 5 below.

• The Cash Portion of the Annual Director Fee, the Equity Portion of the Annual Director Fee and the Annual Committee Fee shall be prorated for any partial periods served.

• The amount of $140,476 has been recorded under convertible debentures and the amount of $9,524 has been recorded under Equity Portion of Convertible Debenture Reserve.On April 14, 2013, the Company closed the second tranche of the convertible debenture financing with seven arm’s length parties for a total amount of $525,000.

• The Equity Portion shall consist of phantom partnership units of MPLX LP valued as of the actual grant date.

• The amount of $93,650 has been recorded under Convertible debentures and the amount of $6,350 has been recorded under Equity Portion of Convertible Debenture Reserve.On June 26, 2013, the Company closed the fourth tranche of the convertible debenture financing with three arm’s length parties for a total amount of $150,000.

More Definitions of Equity Portion

Equity Portion means that amount of an Instalment payable or paid by the Borrowers to the Builders pursuant to the Building Contract and not forming part of the Loan.

Equity Portion means cash capital contributions in, and/or Permitted Subordinated Debt extended to, HoldCo, directly or indirectly, by the Sponsors (the “Equity Contribution”), such that the aggregate amount of the proceeds of such Equity Contribution shall be not less than 35% of the sum of (i) aggregate third party borrowed money of HoldCo and its Subsidiaries plus (ii) the total Equity Contribution, in each case, after giving effect to the Acquisition.

Equity Portion means cash capital contributions in, and/or Permitted Subordinated Debt extended to, the Initial Borrower, directly or indirectly, by the Sponsors (the “Equity Contribution”), such that the aggregate amount of the proceeds of such Equity Contribution shall be not less than 35% of the sum of (i) aggregate third party borrowed money of the Borrower and its Subsidiaries plus (ii) the total Equity Contribution, in each case, after giving effect to the Acquisition.

Equity Portion of Qualified Deferrable Securities Obligations means at any time the amount of Qualified Deferrable Securities Obligations that does not exceed the greater of (i) 15% of Total Capital at such time (including, without duplication, any subordinated Guarantee of payment of the related Qualified Preferred Securities, but only if such Guarantee guarantees payment only to the extent that the Subsidiary issuing the Qualified Preferred Securities has funds on hand available for payment) or (ii) $300,000,000, but only for so long as no event of default exists under, or with respect to, any Qualified Deferrable Securities Obligations and no Qualified Deferrable Securities Obligations have been accelerated or may, with the passage of time or the giving of notice, be accelerated.

Equity Portion means, with respect to each Eligible Project, the sum of (i) the difference between (A) all Construction Costs and (B) the Maximum Loan Amount plus (ii) all Construction Costs in excess of those contemplated by the applicable Construction Budget and Schedule.

Equity Portion has the meaning set forth in Section 2.3.

Equity Portion means, with respect to the payment of Basic Rent or any Early Purchase Price in respect of the SUBI C or Gross Stipulated Loss Value or Stipulated Loss Value in respect of a Unit the amount designated as the “Equity Portion” thereof in respect of the SUBI C or such Unit, as the case may be, in the appropriate Schedules to the Participation Agreement (and if not so designated, as similarly determined).