Excess Capital definition

Excess Capital means, with respect to any Partner for any relevant Quarter, the excess, if any, of (i) such Partner’s Excess Capital Contributions, over (ii) the aggregate amount of distributions made to such Partner pursuant to Section 6.2.

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Excess Capital has the meaning set forth in Section 6.

Excess Capital has the meaning set forth in Section 1.1(d).

Examples of Excess Capital in a sentence

• The Percentage Equity Interest and Percentage Voting Interest of any Partner making an Excess Capital Contribution shall not be adjusted as a result of such Excess Capital Contribution.

• The offer price in any Excess Capital Contribution Offer will be equal to 85% of the principal amount of the Notes plus accrued and unpaid interest and Additional Amounts, if any, on the Notes repurchased to the date of purchase, and shall be payable by the Company in cash.

• Net Excess Capital with respect to all Regulated Subsidiaries at any time to be less than $225,000,000.

• Net Excess Capital with respect to all Broker-Dealer Subsidiaries at any time to be less than $185,000,000.

• The Holder hereof shall within five (5) Trading Days, by notice to the Company, elect whether to receive repayment of all or part of the Excess Capital.

More Definitions of Excess Capital

Excess Capital means all capital held by the Company as of a specified date, after deducting the Priority Amount and Reserved Deal Capital.

Excess Capital means the excess of the Tangible Net Asset Value of Bermuda Holdco as of the Third Party Sale Closing Date over the Target TNAV Amount, and (ii) “Target TNAV Amount” means an amount that Tower specifies in a written notice to Parent delivered prior to the date of the Third Party Sale Agreement as the target amount of Tangible Net Asset Value of Bermuda Holdco as of the Third Party Sale Closing Date.

Excess Capital shall have the meaning given to that term in Section 2.2.

Excess Capital means the excess (if any) of (a) the aggregate amount of Deposited Funds (if any) over (b) amounts owing (or to be owed) in respect of Secured Obligations which by their terms are senior to the Junior Obligations;

Excess Capital means the amount (if any) by which the Estimated Closing TBV exceeds the Target Closing TBV.

Excess Capital means the amount (if any) by which the Estimated Closing TBV exceeds the Target Closing TBV. “Excess Capital Amount” has the meaning set forth in Section 5.16. “Exchange Act” means the Securities Exchange Act of 1934. “Excluded Assets and Liabilities” has the meaning set forth in Section 5.14(a). “Excluded Assets and Liabilities Transfer” has the meaning set forth in Section 5.14(a). “Excluded Customer” means any customer that is (a) a private equity or other fund sponsor and its individual funds and portfolio companies or (b) a Japanese Corporate

Excess Capital means, during any fiscal year, the aggregate amount of Equity Proceeds and Net Proceeds from the issuance of Indebtedness permitted to be incurred under this Agreement (other than any proceeds of the Initial Permitted Financing (including the Senior Unsecured Facility) and the Loans) received during such year and not required to be applied to prepay Term Borrowings pursuant to Section 2.10.