Minimum Equity Value. For any period of determination, an amount equal to Capitalization Value less Total Adjusted Outstanding Indebtedness.
Minimum Equity Value shall have the meaning ascribed to it in the “Liquidity Event” definition.
Minimum Equity Value means $100 million.
Examples of Minimum Equity Value in a sentence
Local emergency shelters continue to be impacted by the pandemic and need to accommodate guests safely with adequate spacing.
In the event Congonhas Minérios’ capital stock has been increased before the occurrence of the Liquidity Event, the Minimum Equity Value and the Maximum Equity Value shall be increased by the same amount of the increased amount of Congonhas Minérios’ capital stock and, as a result, the new amounts calculated as set forth herein shall be considered as the Minimum Equity Value and the Maximum Equity Value.
Borrower shall have Minimum Equity Value of not less than the sum of $600,000,000.00 plus ninety percent (90%) of Net Equity Proceeds.
The Subordination Agreement and all other agreements, documents, certificates or instruments delivered in connection therewith shall have been reduced to writing and furnished to the Noteholder and its special counsel, and the Subordination Agreement and such other agreements, documents, certificates and instruments (collectively, "Documents") shall be in form and substance satisfactory to the Noteholder and its special counsel.
Upon reaching the Minimum Equity Value covenant in subsection (d) hereof, the Minimum Liquidity covenant will be the greater of $25,000,000 of Liquid Assets or 90 days of debt service on all of the SALI's direct and contingent liabilities.
More Definitions of Minimum Equity Value
Minimum Equity Value means an amount not less than One Billion Two -------------------- Hundred Million Dollars ($1,200,000,000) plus seventy-five percent (75%) of Net Offering Proceeds received by CESRRI or Borrower after the Effective Date, to be adjusted on the last day of each fiscal year as provided in Section 5.8(b).
Minimum Equity Value means an amount no less than $30 million, provided that the same may be reduced to no less than $25 million pursuant to a scale mutually agreed to by the Required Consenting Term Lenders and the Company in the event that the Winning Transaction does not result in Net Sale Proceeds that exceed the Par Plus Value.For the avoidance of doubt, in no event shall the Minimum Equity Value be construed to limit the value that the holders of Existing Common Stock may receive from the Sale Transaction.“Minimum Required Liquidity”means, as of the Sale Closing Date, liquidity in an amount acceptable to the Required Consenting Term Lenders.“Minimum Sale Proceeds Requirement” means Net Sale Proceeds in an amount equal to Par Plus Value. “Net Sale Proceeds”means proceeds of the Winning Transaction in the form of cash and/or takeback debt (excluding any takeback debt in respect of the Revolving Credit Facility) less the sum of: (i) all fees and expenses incurred in connection with the Winning Transaction and (ii) Minimum Equity Value. “New Common Stock”means, a single class of common equity interests issued by Reorganized Cyxtera on the Plan Effective Date.“Par Plus Recovery”means value no less than the Par Plus Value. “Par Plus Value”means, unless otherwise agreed by the Company and the Required Consenting Term Lenders, value equal to the aggregate value of all principal, accrued but unpaid interest, and fees on all (i) Term Loan Claims, (ii) Bridge Facility Claims, and (iii) DIP Claims outstanding as of the Sale Closing Date, if applicable. “Plan Effective Date”means the date on which all conditions precedent to the effectiveness of the Plan have been satisfied or waived in accordance with its terms and this Term Sheet, the RSA, and the other Definitive Documents. “Plan Equity Value”means the equity value of Reorganized Cyxtera as of the Plan Effective Date, calculated in accordance with generally accepted accounting principles “Pre-Packaged Chapter 11 Cases”means Chapter 11 Cases effectuated through confirmation of a Plan, votes for which have been solicited on a prepetition basis and consummation of which shall occur on a Plan Effective Date occurring no later than 60 days after the Petition Date. “Pro Rata”means, as applicable, (i) with respect to recoveries on account of Term Loan Claims and Bridge Facility Claims following a Sale Transaction, the ratio that any Term Loan Claim or Bridge Facility Claim bears to the aggregate amount of all Term Loan Claims and Bridge ...
Minimum Equity Value means the dollar amount established by the Stockholders in the Written Consent and Acknowledgement as the minimum acceptable sum of (i) the product of the Public Offering Price and the Retained Amount and (ii) the product of the Purchase Price and the sum of the Contingent Amount and Offered Amount.
Minimum Equity Value means $100 million, determined: (a) for so long as New Equity Interests of Parent are listed on a national securities exchange in the United States utilizing a 20 trading day VWAP; and (b) at any other time, utilizing a formula to be agreed for determining equity value of the Parent based upon the financial statements of the Parent.
Minimum Equity Value means an amount no less than $30 million, provided that the same may be reduced to no less than $25 million pursuant to a scale mutually agreed to by the Required Consenting Term Lenders and the Company in the event that the Winning Transaction does not result in Net Sale Proceeds that exceed the Par Plus Value.For the avoidance of doubt, in no event shall the Minimum Equity Value be construed to limit the value that the holders of Existing Common Stock may receive from the Sale Transaction. “Minimum Required Liquidity” means, as of the Sale Closing Date, liquidity in an amount acceptable to the Required Consenting Term Lenders. “Minimum Sale Proceeds Requirement”
Minimum Equity Value means an amount no less than $30 million, provided that the same may be reduced to no less than $25 million pursuant to a scale mutually agreed to by the Required Consenting Term Lenders and the Company in the event that the Winning Transaction does not result in Net Sale Proceeds that exceed the Par Plus Value. For the avoidance of doubt, in no event shall the Minimum Equity Value be construed to limit the value that the holders of Existing Common Stock may receive from the Sale Transaction. “Minimum Required Liquidity” means, as of the Sale Closing Date, liquidity in an amount acceptable to the Required Consenting Term Lenders. “Minimum Sale Proceeds Requirement” means Net Sale Proceeds in an amount equal to Par Plus Value. “Net Sale Proceeds” means proceeds of the Winning Transaction in the form of cash and/or takeback debt (excluding any takeback debt in respect of the Revolving Credit Facility) less the sum of: (i) all fees and expenses incurred in connection with the Winning Transaction and (ii) Minimum Equity Value. “New Common Stock” means, a single class of common equity interests issued by Reorganized Cyxtera on the Plan Effective Date. “Par Plus Recovery” means value no less than the Par Plus Value. “Par Plus Value” means, unless otherwise agreed by the Company and the Required Consenting Term Lenders, value equal to the aggregate value of all principal, accrued but unpaid interest, and fees on all (i) Term Loan Claims, (ii) Bridge Facility Claims, and (iii) DIP Claims outstanding as of the Sale Closing Date, if applicable. “Plan Effective Date” means the date on which all conditions precedent to the effectiveness of the Plan have been satisfied or waived in accordance with its terms and this Term Sheet, the RSA, and the other Definitive Documents. “Plan Equity Value” means the equity value of Reorganized Cyxtera as of the Plan Effective Date, calculated in accordance with generally accepted accounting principles “Pre-Packaged Chapter 11 Cases” means Chapter 11 Cases effectuated through confirmation of a Plan, votes for which have been solicited on a prepetition basis and consummation of which shall occur on a Plan Effective Date occurring no later than 60 days after the Petition Date. “Pro Rata” means, as applicable, (i) with respect to recoveries on account of Term Loan Claims and Bridge Facility Claims following a Sale Transaction, the ratio that any Term Loan Claim or Bridge Facility Claim bears to the aggregate amount of all Term Loan Claim...
Minimum Equity Value means $974.871 million plus (x) the aggregate income of the Company and its Subsidiaries before federal and state income taxes from December 31, 1998 through the Closing Date, less (y) the aggregate amount of cash and cash equivalents paid to Energy as dividends or other distributions from December 31, 1998 through the Closing Date (including dividends or distributions paid in respect of amounts under the Buyer Debt Facility but excluding $1.365 million in respect of cash and cash equivalents reflected on the December Statement), in each case computed in accordance with Cyprus Amax's past policies and practices.