Funded Equity definition

Funded Equity means, at any time of determination, (i) the Net Contracts Balance on such date plus (ii) all principal collections on deposit in the Collection Account minus (iii) the sum of the principal of all Advances then outstanding under this Agreement.
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Funded Equity means the sum of:
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Funded Equity means, at any time Equity of the Credit Parties directly attributable to the issuance of securities, determined on a consolidated basis (and for greater certainty shall be determined without reference to any retained earnings or losses).
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Examples of Funded Equity in a sentence

  • The Borrower shall maintain at all times Funded Equity in an amount equal to the greater of (x) $35,000,000 and (y) the sum of the five largest Aggregate Outstanding Principal Balances measured on an Obligor by Obligor basis.

  • The issue of Loan Funded Shares under the Loan Funded Equity Scheme in those circumstances would therefore reduce the Company’s ability to issue equity securities without seeking Shareholder approval.

  • Accordingly, Shareholder approval is being sought under this Resolution to approve the Loan Funded Equity Scheme in order for the Company to take security over its own Shares issued under the Loan Funded Equity Scheme if required to do so.

  • The Board may, in its discretion, also determine that the Company will provide limited recourse loans to participants to use to pay the subscription price for the purchase of loan funded Shares under the Loan Funded Equity Scheme.

  • Further details of this limit are set out in the summary of the key terms of the Loan Funded Equity Scheme in Annexure A.

  • The Company intends that any issue of shares under the Loan Funded Equity Scheme does not detract from the Company's Listing Rule 7.1 15% entitlement.

  • Resolutions 10) seeks Shareholder approval for the issue of Loan Funded Shares under the Loan Funded Equity Scheme to be an exception from Listing Rule 7.1 for a period of 3 years.

  • Accordingly, it is seeking shareholder approval in order for the Company to be able to issue shares pursuant to the Loan Funded Equity Scheme (“Loan Funded Shares”) and have those shares qualify under exception 13(b) to Listing Rule 7.2. The Company has not been previously sought approval from Shareholders under ASX Listing Rule 7.2 (exception 13(b)) and has not previously issued any securities pursuant to Listing Rule 7.2 exception 13(b).

  • The Loan Funded Equity Scheme was adopted by the Board on 3 November 2021.

  • If this Resolution is approved by Shareholders, the Company will have the ability to issue equity securities under the Loan Funded Equity Scheme up to a maximum of 10% of the issued Shares as on the date when the issue is proposed to take place.


More Definitions of Funded Equity

Funded Equity at any time of determination means, as to the Borrower, the greater of (i)(a) the sum of (x) the Aggregate Contracts Balance plus (y) (without duplication) the equivalent in Dollars, as determined by the Collateral Manager using the Applicable Conversion Rate, of all cash then on deposit in the Collection Account less (b) the aggregate principal amount of all Advances then outstanding under this Agreement and (ii) $0.
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Funded Equity means with respect to the Guarantor at any date of determination, all proceeds of the sale of Equity Interests received by the Guarantor directly or as a result of capital contributions.
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Funded Equity has the meaning set forth in the Islands Credit Agreement.
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Funded Equity means, at any date, the sum of (i) the amount of capital contributions made by HoldCo in respect of common equity of the Company, (ii) the amount of capital contributions made by HoldCo in respect of preferred stock of the Company (other than Redeemable Capital Stock) that carries no unwaived rights to cash dividends, and (iii) the principal amount of Shareholder Loans without regard to "payment in kind" interest added to principal; each calculated in Dollars at the PTAX 800 Rate prevailing at the time such contribution or loan is made, in each case net of dividends, repayments and other Restricted Payments, in each case calculated in Dollars at the PTAX 800 Rate prevailing at the time such dividend, repayment or other Restricted Payment was paid. The total amount of Funded Equity as of the date hereof is $65,966,822.
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Funded Equity means the excess, if any, of (a) the sum of (i) the amount, in dollars, of cash capital contributions made to Holdings by the Shareholders and further contributed by Holdings to Vesper in respect of Equity Interests of Vesper (excluding any such contributions made (w) pursuant to clause (b) of Section 7.02, (x) as contemplated by the proviso to exception (vi) to Section 6.04(a) or Section 7.01(p), (y) to provide funds for any of the matters described in clauses (ii), (iii) or (iv) of the definition of "Project" or (z) as described in clause 2.3.3(e) of the Shareholders Agreement, except where paid pursuant to Section 2.3.8(A) of the Shareholders Agreement) and (ii) the principal amount of cash loans made to Vesper by a Sponsor or a Shareholder that constitute Primary Subordinated Obligations (excluding any such loans made (w) pursuant to clause (b) of Section 7.02, (x) as contemplated by the proviso to exception (vi) to Section 6.04(a) or Section 7.01(p), (y) to provide funds for any of the matters described in clauses (ii), (iii) or (iv) of the definition of "Project" or (z) as described in clause 2.3.3(e) of the Shareholders Agreement, except where paid pursuant to Section 2.3.8(A) of the Shareholders Agreement), each calculated in dollars (at the PTAX 800 Rate prevailing at the time such contribution or loan is made, in the case of any such contribution or loan made in Reais), over (b) the Devaluation Amount; provided that, notwithstanding the foregoing, any contributions or loans made pursuant to clause (b) of Section 7.02 to cure a shortfall (the "Shortfall Amount") in Annualized EBITDA or Cumulative Consolidated EBITDA (as defined below) and excluded pursuant to item (w) of clause (a)(i) or (a)(ii) of this definition (the "Additional Contributed Amount") shall be included in this definition if (y) in the case of a Shortfall Amount in Annualized EBITDA, (I) the Consolidated EBITDA for any of the four immediately succeeding fiscal quarters exceeds the Implied Quarterly EBITDA (as defined below) for such fiscal quarter by an amount at least equal to the Shortfall Amount, and (II) the aggregate Consolidated EBITDA for the four immediately succeeding fiscal quarters exceeds the aggregate amount of the Implied Quarterly EBITDA for such four fiscal quarters by an amount at least equal to 150% of the Shortfall Amount, and (z) in the case of a Shortfall Amount in Cumulative Consolidated EBITDA, (I) the Cumulative Consolidated EBITDA for any of the four immedi...
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Related to Funded Equity

  • Adjusted Equity means the Equity funded in Indian Rupees and adjusted on the first day of the current month (the “Reference Date”), in the manner set forth below, to reflect the change in its value on account of depreciation and variations in Wholesale Price Index (WPI), and for any Reference Date occurring between the first day of the month of Appointed Date (the date of achievement of Financial Closure) and the Reference Date; i. On or before Commercial Operation Date (COD), the Adjusted Equity shall be a sum equal to the Equity funded in Indian Rupees and expended on the Project, revised to the extent of one half of the variation in WPI occurring between the first day of the month of Appointed Date and Reference Date; ii. An amount equal to the Adjusted Equity as on COD shall be deemed to be the base (the “Base Adjusted Equity”); iii. After COD, the Adjusted Equity hereunder shall be a sum equal to the Base Adjusted Equity, reduced by 0.333% (zero point three threethree percent) thereof at the commencement of each month following the COD [reduction of 1% (one percent) per quarter of an year] and the amount so arrived at shall be revised to the extent of variation in WPI occurring between the COD and the Reference Date; For the avoidance of doubt, the Adjusted Equity shall, in the event of termination, be computed as on the Reference Date immediately preceding the Transfer Date; provided that no reduction in the Adjusted Equity shall be made for a period equal to the duration, if any, for which the PPA period is extended, but the revision on account of WPI shall continue to be made.

  • Excluded Equity means any Voting Stock in excess of 66% of the total outstanding Voting Stock of any direct Subsidiary of any Grantor that is a Non-U.S. Person. For the purposes of this definition, “Voting Stock” means, as to any issuer, the issued and outstanding shares of each class of capital stock or other ownership interests of such issuer entitled to vote (within the meaning of Treasury Regulations § 1.956-2(c)(2)).

  • Consolidated Equity means and refers to, as of the end of any period of determination, the sum, without duplication, of (i) Consolidated Tangible Net Worth of HDFS, (ii) preferred stock and (iii) Subordinated Indebtedness.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Preferred Equity as applied to the Equity Interests of any Person, means Equity Interests of such Person of any class or classes (however designated) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to any shares (or other interests) of other Equity Interests of such Person, and shall include, without limitation, cumulative preferred, non-cumulative preferred, participating preferred and convertible preferred Equity Interests.

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Foreign Subsidiary Total Assets means the total assets of the Foreign Subsidiaries, as determined on a consolidated basis in accordance with GAAP in good faith by a Responsible Officer.

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Transferred Equity means the equity interest in the Company which the WFOE has the right to request either of the Company Shareholders to transfer to it or its designated entity or individual in accordance with Article 3 hereof when the WFOE exercises its Equity Transfer Option, the quantity of which may be all or part of the Option Equity and the specific amount of which shall be determined by the WFOE at its sole discretion in accordance with the then-effective PRC Law and based on its commercial consideration.

  • Consolidated Total Asset Value means, without duplication, as of any date of determination, for the Consolidated Parties on a consolidated basis, the sum of: (a) the Operating Property Value of all Real Properties (other than Development/Redevelopment Properties); (b) the amount of all Unrestricted Cash; (c) the book value of all Development/Redevelopment Properties, mortgage or real estate-related loan assets and undeveloped or speculative land; (d) the contract purchase price for all assets under contract for purchase (to the extent included in Indebtedness); and (e) the Borrower’s applicable Unconsolidated Affiliate Interests of the preceding items for its Unconsolidated Affiliates.

  • Excluded Equity Interests means, collectively: (i) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by Requirements of Law; (ii) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) require the consent, approval or waiver of any Governmental Authority or other third party and such consent, approval or waiver has not been obtained by Borrower following Borrower’s commercially reasonable efforts to obtain the same; (iii) any Equity Interests in any Subsidiary that is a non-Wholly-Owned Subsidiary that the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by, or would give any third party (other than Borrower or an Affiliate of Borrower) the right to terminate its obligations under, the Operating Documents or the joint venture agreement or shareholder agreement with respect to, or any other contract with such third party relating to such non-Wholly-Owned Subsidiary, including any contract evidencing Indebtedness of such non-Wholly-Owned Subsidiary (other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; (iv) any Equity Interests in any other Subsidiary with respect to which, Borrower and the Collateral Agent reasonably determine by mutual agreement that the cost (including Tax costs) of granting the Collateral Agent, for the benefit of Lenders and the other Secured Parties, a security interest in and Lien upon, and pledging to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, such Equity Interests, to secure the Obligations (and any guaranty thereof) are excessive, relative to the value to be afforded to the Secured Parties thereby.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Total Net Funded Debt means, as at any relevant date:

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Consolidated Total Assets means, at any time, the total assets of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis, as set forth or reflected on the most recent consolidated balance sheet of the Borrower and its Consolidated Subsidiaries, prepared in accordance with GAAP.

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Common Equity Tier 1 Capital means common equity tier 1 capital (or any equivalent or successor term) of, as the case may be, the Issuer or the Group, in each case as calculated by the Issuer in accordance with CRD IV requirements and any applicable transitional arrangements under CRD IV;

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

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Permitted Equity Interests means common stock of the Borrower that after its issuance is not subject to any agreement between the holder of such common stock and the Borrower where the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate any such common stock.

  • Total Asset Value means, without duplication, the sum of (a) the following amounts with respect to the following assets owned by the Company and its Subsidiaries: (i) the Operating Property Value of the Hotel Properties; (ii) the amount of all Unrestricted Cash and Cash Equivalents; (iii) the book value of all Development/Redevelopment Properties, Mortgage Receivables, Laundry Service Properties and Unimproved Land; and (iv) the contract purchase price for all assets under contract for purchase (to the extent included in Indebtedness); plus (b) the applicable Ownership Share of any Unconsolidated Affiliate of the Parent of any asset described in clause (a) above. For purposes of determining Total Asset Value, (u) to the extent the amount of Total Asset Value attributable to Unconsolidated Affiliates would exceed 15% of Total Asset Value, such excess shall be excluded, (v) to the extent the amount of Total Asset Value attributable to Mortgage Receivables would exceed 10% of Total Asset Value, such excess shall be excluded, (w) to the extent the amount of Total Asset Value attributable to Development/Redevelopment Properties would exceed 15% of Total Asset Value, such excess shall be excluded, (x) to the extent the amount of Total Asset Value attributable to Major Renovation Properties (elected to be valued pursuant to clause (c) of the definition of Operating Property Value) would exceed 15% of Total Asset Value, such excess shall be excluded, (y) to the extent the amount of Total Asset Value attributable to Unimproved Land would exceed 2.5% of Total Asset Value, such excess shall be excluded, and (z) to the extent the amount of Total Asset Value attributable to Properties subject to limitation under the foregoing clauses (u) through (y) would exceed 35% of Total Asset Value, such excess shall be excluded.

  • Excluded Equity Issuance means (i) any issuance of Equity Interest by a member of the Restricted Group to another member of the Restricted Group, (ii) any issuance of Equity Interests by the Borrower pursuant to an equity incentive or compensation plan or pursuant to a dividend reinvestment or share purchase plan, and (iii) any issuance of Equity Interest in Parent to acquire limited partnership interests in PREIT.