Excess Equity definition

Excess Equity means value of the Equity Balance, less the level of Initial Margin required on a client’s derivatives position(s) (i.e. Excess Equity = Equity Balance – Initial Margin Requirement).
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Excess Equity means the Equity held by a Client that exceeds the maintenance rate required by the Company.
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Excess Equity means at any time, the difference between (but not less than zero) (A) the sum of (x) the aggregate Fair Market Value of Eligible Pledged Securities at such time, plus (y) the aggregate Fair Market Value of Eligible Pledged Advances at such time, plus (z) the aggregate amount of cash and Permitted Investments on deposit in the Collateral Account at such time, and (B) the sum of (x) the aggregate outstanding principal amount of the Loans at such time, plus (y) the aggregate amount of all Letter of Credit Outstandings at such time.
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Examples of Excess Equity in a sentence

  • For the avoidance of doubt, Excess Equity may, at the discretion of MS&Co., be determined after taking into account any rights of set-off, netting and any other application of Customer’s cash balances to its obligations owed to MS&Co. (or, if applicable, its affiliates) to the extent permitted under the Futures Agreement.

  • MS&Co. shall then subtract the Withholding Amount from the Excess Equity.

  • Excess Equity Shares or unaccepted Equity Shares, in dematerialised form, if any, tendered by the Eligible Sellers would be transferred by the Clearing Corporation directly to the respective Eligible Seller’s DP account.

  • Borrower shall prepay the Line of Credit in an amount equal to ten percent (10%) of Excess Equity Proceeds not more than two (2) business days after any Excess Equity Proceeds are received, and the Line of Credit shall be permanently reduced on such date by the amount of prepayment required by this sentence.

  • Lender shall refund to Debtor any Liquidation Dividends allocable to the Excess Equity Interest.

  • The Bidder shall depute his representative in advance to study the site conditions and discuss the scope of erection work before start of erection work with Depot Incharge .

  • In the event that any holder of a Class B - H Mortgage Certificate elects to receive less than 50% of its consideration in Rollover Equity, then the other holders of Class B - H Mortgage Certificates shall have the right to elect to receive their Pro Rata Share of the Excess Equity.

  • Excess Equity Shares or unaccepted Equity Shares, in dematerialized form, if any, tendered by the Eligible Shareholders would be transferred by the Clearing Corporation directly to the respective Eligible Shareholder’s DP account.

  • Upon any sale of such Certificate, Lender will release to Debtor any consideration received in return for the sale of the Excess Equity Interest.

  • Upon any sale of such Certificate, Agent will release to Debtor any consideration received in return for the sale of the Excess Equity Interest.


More Definitions of Excess Equity

Excess Equity has the meaning set forth in Section 5.2(a).
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Excess Equity means a portion of Assets of the Client that is in excess of the amount required to be maintained at the rate prescribed by the Company. “Assets of the Client” (other than the Derivatives Trading) means the net assets of the Client after deducting any Obligation that the Client owes the Company. “Assets of the Client” (specifically for the Derivatives Trading) means any money and other assets that the Client deposits with the Company for the repayment of its debts and/or as collateral under this Agreement, including any benefit arising from the said assets.
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Excess Equity small mean the excess of the amount of the stockholders equity on the Closing Date Balance Sheet over $545,316, if any.
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Excess Equity. PROCEEDS: as of any date of determination, the excess of (A) the aggregate amount of the net cash proceeds received by the Company from the sale of its stock (other than pursuant to the exercise of employee stock options or warrants) during the period from June 30, 1999 to and including the date of determination, over (B) the amount of Superior Debt of the Company prepaid (and the related loan commitment permanently reduced) with such cash proceeds.
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Excess Equity means value of the Equity Balance, less the level of Initial Margin required on a customer’s futures position(s) (Excess Equity = Equity Balance– Initial Margin Requirement). 2. The Procedures of Margin Call and Force CloseAt the end of Day T, the Company shall adjust the value of the customer’s collateral on the Mark-to-Market basis. If the Equity Balance (EB) falls below the Maintenance Margin Rate (MM) ) [ EB < MM ] A margin call will be made by the Company for an additional margin to be placed 1 hour prior to the closing time of normal trading session of Day T+1. The customer has the following options to comply in this respect:
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Related to Excess Equity

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to:

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Adjusted Pool Amount With respect to any Distribution Date and Loan Group, the Cut-off Date Pool Principal Balance of the Mortgage Loans in such Loan Group minus the sum of (i) all amounts in respect of principal received in respect of the Mortgage Loans in such Loan Group (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Principal Prepayments, Liquidation Proceeds and Substitution Adjustment Amounts) and distributed to Holders of the Certificates on such Distribution Date and all prior Distribution Dates and (ii) the principal portion of all Realized Losses (other than Debt Service Reductions) incurred on the Mortgage Loans in such Loan Group from the Cut-off Date through the end of the month preceding such Distribution Date.

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Quarterly Excess Spread Percentage means, for each Determination Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

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

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Consolidated Capitalization means, as of any date on which the amount thereof is to be determined, the sum of Consolidated Indebtedness plus Consolidated Net Worth.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.