Net Equity Amount definition

Net Equity Amount. As of any Measurement Date, the sum of (i) the aggregate amount of the Adjusted Borrowing Values of all Eligible Loans included in the Collateral as of such date, plus (ii) the sum of (x) all amounts on deposit in the Collection Account and (y) all Permitted Investments, minus (iii) the Advances Outstanding as of such date, minus (iv) the Excess Concentration Amounts, minus (v) the Unfunded Exposure Equity Amount, plus (vi) amounts on deposit in the Unfunded Exposure Account (such amount not to exceed the Unfunded Exposure Equity Amount).

Net Equity Amount means, on any date of determination, an amount equal to the sum of (i) the sum of the Asset Values of all Eligible Collateral Loans, plus (ii) the amounts on deposit in or credited to the Collection Account, minus (iii) the Advances Outstanding minus (iv) all other Obligations due and owing on such date. The Net Equity Amount shall be recalculated by the Collateral Manager and delivered to the Borrower and the Administrative Agent on each Measurement Date.

Net Equity Amount means an amount equal to the sum of (a) the total stockholders’ equity as of June 30, 2009, and (ii) the Net Debt Amount, all computed in a manner entirely consistent with the Methodology. For the avoidance of doubt, the parties agree that (a) neither the value of the insurance policy referenced in Section 2.9(a) nor the book value of the cars referenced in Section 2.9(b) shall be included in any calculations of the Net Equity Amount.

Examples of Net Equity Amount in a sentence

• At any time before Closing, the Acquired Companies may make tax distributions for the 2017 calendar year to the equity owners thereof in an amount sufficient to pay the federal income tax liability of all equity owners, which liability shall be computed at the highest federal income tax bracket in effect for the 2017 tax year, and the Minimum Net Equity Amount shall be increased to include the amount of such distributions.

• The failure of HeadXxxxxx.XXX xx object to the Closing Date Balance Sheet or the Net Equity Amount within such 30 day period will constitute acceptance by HeadXxxxxx.XXX xx BHA's Closing Date Balance Sheet and calculation of Net Equity Amount.

• The Base Purchase Price shall be adjusted with respect to changes in the sum of the net shareholders equity of Holding Company (the “Net Equity Amount”) as provided in Section 1.3 (the Base Purchase Price adjusted for the Net Equity Amount is the “Purchase Price”).

• If within 30 days after the date of BHA's delivery of the Closing Date Balance Sheet, HeadXxxxxx.XXX xxxects in good faith to the Closing Date Balance Sheet or the calculation of Career Mosaic's Net Equity Amount, HeadXxxxxx.XXX xxx give written notice within such 30 day period which shall (i) set forth HeadXxxxxx.XXX'x xroposed changes to the Closing Date Balance Sheet and Net Equity Amount and (ii) specify in reasonable detail HeadXxxxxx.XXX'x xasis for such changes.

• Not less than five (5) Business Days prior to the Closing Date, the Company shall deliver to Parent a draft certificate, to be signed by the Company’s Chief Executive Officer not less than one (1) Business Day prior to the Closing, specifying the calculation of the Adjusted Net Equity Amount as of immediately prior to the Closing (the “Adjusted Net Equity Certificate”).

More Definitions of Net Equity Amount

Net Equity Amount means the excess of (i) the sum of (A) 61.83% of the Appraised Value and (B) all other assets (including cash) of the Partnership over (ii) the sum of (A) 61.83% of the Mortgage Debt and (B) all other indebtedness and liabilities of the Partnership.

Net Equity Amount means an amount equal to the sum of (a) the total stockholders’ equity as of June 30, 2009, and (ii) the Net Debt Amount, all

Net Equity Amount means, as of any date of determination, an amount equal to the sum of (a) the Asset Values of all Eligible Loans held

Net Equity Amount is defined in Section 1.2.

Net Equity Amount has the meaning set forth in Section 2.4(a).

Net Equity Amount means, on any date of determination, an amount equal to the sum of (i) the sum of the Asset Values of all Eligible Collateral Loans, plus (ii) the amounts on deposit in or credited to the Collection Account, minus (iii) the Advances Outstanding, minus (iv) all other Obligations due and owing on such date, minus (v) the Unfunded Exposure Amount (net of the aggregate amount on deposit in the Unfunded Reserve Account). The Net Equity Amount shall be recalculated by the Collateral Administrator and delivered to the Borrower and the Administrative Agent on each Measurement Date.

Net Equity Amount means, on any date of determination, an amount equal to the excess (if any) of (a) the sum of (i) the Current Value of all Debt Obligations on such date plus (ii) the Principal Balance of all Eligible Investments standing to the credit of the Collection Accounts on such date over (b) the sum of (i) the aggregate principal amount of the Loans outstanding on such date plus (ii) the aggregate of all other amounts owing on (and, if applicable, accrued on or prior to) such date by the Borrower under this Agreement, any Support Document or the Collateral Management Agreement (whether or not then due or payable).