Implied Equity definition

Implied Equity means, for a Collateral Loan subject to a binding commitment to be contributed to the Borrower on a cashless basis where such acquisition has not yet settled, an amount equal to the product of (i) the difference between (x) one and (y) the Advance Rate of such Collateral Loan, and (ii) the Adjusted Principal Balance of such Collateral Loan, in each case as agreed between the Borrower and the Administrative Agent in connection with the related Approval Request.

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Implied Equity means, for a Collateral Loan subject to a binding commitment to be contributed to the Borrower on a cashless basis but that has not yet settled, an amount equal to the product of (i) the difference between (x) one, and (y) the Advance Rate of such Collateral Loan, and (ii) the Adjusted Principal Balance of such Collateral Loan, in each case as agreed in connection with the relevant Approval Request.

Implied Equity means, for a Portfolio Asset subject to a binding commitment to be contributed to the Borrower on a cashless basis but that has not yet settled, an amount equal to the product of (i) the difference between (x) one, and (y) the Advance Rate of such Portfolio Asset , and (ii) the Adjusted Principal Balance of such Portfolio Asset , in each case as agreed in connection with the relevant Approval Request.

Examples of Implied Equity in a sentence

• During the continuance of an Event of Default, Lender shall have the right to convert all outstanding Obligations into shares of Preferred Stock by dividing the aggregate outstanding Obligation by the lesser of (i) the Interest Conversion Price or (ii) the Implied Equity Value Per Share multiplied by three (3), in each case rounded up to the next whole share.

• URBN has identified assets that meet the criteria of assets held for sale that the parties have agreed will increase URBNs Total Implied Equity Value.

• CoView reviewed the range of Implied Enterprise Values and Implied Equity Values derived through the discounted cash flow analysis to arrive at a range of values for GFH.

• C = the Implied Equity Value determined with respect to the Initial Change of Control.

• According to the Valuation Report, the Implied Equity Value of the Target Company as at 30 June 2020, based on the market approach using historical figures, amounts to RMB664,463,000.

• For any amount that Adjusted Net Working Capital is greater than the Target Adjusted Net Working Capital, the Net Working Capital Adjustment will increase Total Implied Equity Value by such amount.

• The results obtained through this methodology were as follows: GFH Implied Equity Value $ 207,934 $ 518,627 $ 815,047 Percentage to be retained by MICT Stockholders 3.51 % 3.51 % 3.51 % Total Value of GFH retained by MICT Stockholders $ 7,298 $ 18,203 $ 28,608 Through an analysis of comparable exchange-listed companies, CoView arrived at mean and median values of $7.44 million and $6.57 million, respectively, for exchange-listed companies.

• D = the Implied Equity Value Step Amount that is most proximately less than C.

• B = the Implied Equity Value Step Amount that is most proximately greater than C.

• If the Implied Equity Value determined with respect to the Initial Change of Control is equal to an Implied Equity Value Step Amount set forth in the following table, then the CVR Payment shall be an amount equal to the Step CVR Payment set forth in the following table for such Implied Equity Value Step Amount.

More Definitions of Implied Equity

Implied Equity means, for a Collateral Loan subject to a binding commitment to be contributed to the Borrower on a cashless basis but that has not yet settled, an amount equal to the product of (i) the difference between (x) one, and (y) the Advance Rate of such Collateral Loan, and (ii) the Adjusted Principal Balance of such Collateral Loan, in each case as agreed in connection with the relevant Approval Request. “Indebtedness” means, with respect to any Person, as of any day, without duplication: (i) all obligations of such Person for borrowed money; (ii) all obligations of such Person evidenced by bonds, debentures, notes, deferrable securities or other similar instruments; (iii) all obligations of such Person to pay the deferred purchase price of property or services, except trade accounts payable arising in the ordinary course of business; (iv) all Capital Lease Obligations of such Person as lessee; (v) all non-contingent obligations of such Person to reimburse or prepay any bank or other Person in respect of amounts paid under a letter of credit, banker’s acceptance or similar instrument; (vi) all debt of others secured by a Lien on any asset of such Person, whether or not such debt is assumed by such Person, but limited to the lower of (x) the fair market value of such asset as determined by such Person in good faith and (y) the amount of Indebtedness secured by such ▇▇▇▇; and (vii) all Indebtedness of others guaranteed by such Person. Notwithstanding the foregoing, “Indebtedness” does not include (x) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset or investment to satisfy unperformed obligations of the seller of such asset or investment, (y) a commitment arising in the ordinary course of business to make a future investment or fund subsequent draws under Revolving Collateral Loans, Delayed Drawdown Collateral Loans or the unfunded portion of any existing investment or (z) indebtedness of the Borrower on account of the sale by the Borrower of the first out tranche of any First Lien Loan that arises solely as an accounting matter under ASC 860, provided that such indebtedness (i) is nonrecourse to the Borrower and (ii) would not represent a claim against the Borrower in a bankruptcy, insolvency or liquidation proceeding of the Borrower, in each case in excess of the amount sold or purportedly sold. “Indemnified Party” has the meaning assigned to such term in Section 13.04(b). “Indemnified...