Minimum Stockholders' Equity definition

Minimum Stockholders' Equity. As of the Closing Date, and the last day of each fiscal quarter thereafter, the greater of:
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Minimum Stockholders' Equity. As of the Closing Date, and the last day of each fiscal quarter thereafter, the greater of: (a) $6,700,000,000, or (b) the sum of – (i) $6,700,000,000, plus (ii) 50% of the sum of cumulative Net Earnings for each fiscal quarter commencing with the fiscal quarter ended June 30, 2013.
Sample 1
Minimum Stockholders' Equity means $9,200,000.
Sample 1

Examples of Minimum Stockholders' Equity in a sentence

  • The Borrower will not allow its Consolidated Stockholders' Equity to fall below the Minimum Stockholders' Equity.

  • Any amount by which the total Stockholders' Equity or net worth of Company, calculated on a cash basis in accordance with generally accepted accounting principles, is less than the Minimum Stockholders' Equity shall be recoverable by Company first from the Indemnification Escrow and thereafter by set-off and reduction against any amount payable by The Source or the Company to Seller subsequent to the Closing or, at the written request of The Source to Seller, shall be payable by Seller on demand.

  • At the Hearing the Company will present its plan to meet the Minimum Stockholders Equity Requirement or the alternative listing criterion of a minimum of $35 million in market value of listed securities.

  • If Estimated Stockholders' Equity reflected on the Estimated Closing Balance Sheet is less than Minimum Stockholders' Equity (as defined below), the Cash Payment portion of the Closing Purchase Price payable to Sellers at the Closing shall be reduced pro rata amongst the Sellers by an amount equal to such deficiency.

  • COVENANTS.........................................................26 SECTION 5.1. Information............................................26 SECTION 5.2. Inspection of Property, Books and Records..............27 SECTION 5.3. Adjusted Funded Debt/Adjusted Capitalization Ratio.....28 SECTION 5.4. Minimum Stockholders' Equity.

  • If Estimated Stockholders' Equity reflected on the Estimated Closing Balance Sheet is greater than Minimum Stockholders' Equity, the Cash Payment portion of the Closing Purchase Price payable to Sellers at the Closing shall be increased pro rata amongst the Sellers by an amount equal to such excess.

  • In order to confirm whether the Minimum Stockholders' Equity has been met and the amount of the Net Current Receivable Assets, not later than 30 days following the Closing Balance Sheet Date, Seller, in cooperation with The Source, shall prepare the Closing Balance Sheet and the related statements of income for the period from May 31, 1996 to the Closing Balance Sheet Date in accordance with generally accepted accounting principles, consistently applied.

  • The Borrower will not allow Stockholders' Equity to fall below the Minimum Stockholders' Equity.

  • Seller represents, warrants and covenants to The Source that at the Closing, the Minimum Stockholders' Equity of Company shall be not less than $1.00, less the aggregate amount of any bonuses awarded pursuant to Section 5.06 to employees of the Company other than Xxxxxxx Xxxxxxx, Xxxxxxx Xxxxxxx and Xxxx Xxxxxxx.


More Definitions of Minimum Stockholders' Equity

Minimum Stockholders' Equity shall have the meaning ascribed to it in Section 1.4(a).
Sample 1
Minimum Stockholders' Equity means the Total Stockholders' equity as reflected on the Borrower's Consolidated Balance Sheet included in Borrower's Annual Report on form 10- KSB for the fiscal year ending on January 31.
Sample 1

Related to Minimum Stockholders' Equity

  • Stockholders’ Equity means, at any date, the amount determined on a consolidated basis, without duplication, in accordance with GAAP, of stockholders’ equity for the Borrower and its Subsidiaries at such date.

  • Shareholders’ Equity means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its Subsidiaries as of that date determined in accordance with GAAP.

  • Total Shareholders’ Equity means, as of any date of determination, the aggregate amount for total common stock equity, preference stock and Preferred Stock as presented in accordance with GAAP on a consolidated balance sheet of the Company as of such date.

  • Consolidated Shareholders’ Equity means, as of any date of determination, the consolidated shareholders’ equity of the Company and its Subsidiaries that would be reported as shareholders’ equity on a consolidated balance sheet of the Company and its Subsidiaries prepared as of such date in accordance with GAAP.

  • Consolidated Stockholders’ Equity at any time, means the total stockholders’ equity of the Issuer and its consolidated Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting principles, as of the end of the most recently completed fiscal quarter of the Issuer for which financial information is then available.

  • Total Stockholder Return means the total return (change in share price plus reinvestment of any dividends) of a Share.

  • Total Shareholder Return means the total return (change in share price plus reinvestment of any dividends) of a Share.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Consolidated Operating Income means, for any period, the operating income or loss of the Borrower and the Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

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

  • 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).

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • Consolidated Adjusted Debt means, at any time, the sum of, without duplication, (i) Consolidated Funded Indebtedness and (ii) the product of Consolidated Rents multiplied by 6.0.

  • Total Consolidated Capitalization means, as of any date of determination with respect to the Borrower, the sum of Total Consolidated Debt and Consolidated Net Worth.

  • Consolidated Total Capitalization means at any time the sum of Consolidated Indebtedness and Consolidated Net Worth, each calculated at such time.

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • 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.

  • Relative Total Shareholder Return means for the Incentive Period the Total Shareholder Return of the Company compared to the Total Shareholder Return of the Peer Group, as more particularly set forth on attached Exhibit C.

  • Total Capitalization means, on any date, the sum of (a) Total Debt and (b) the Net Worth on such date.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Earnout Period has the meaning specified in Section 2.03(a).

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

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

  • 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.

  • Earn-Out Period has the meaning set forth in Section 2.3(a).