Permanent Equity Capital definition

Permanent Equity Capital means the sum of paid-in capital and net income less any distributions, determined based upon the annual audited financial statements of the Parent Borrower provided to Bank pursuant to Section 9.7(a) of this Agreement and a quarterly calculation for each fiscal quarter of the Parent Borrower prepared in accordance with the guidelines of the Parent Borrower’s outside accounting firm which prepared such audited financial statements. Such quarterly calculation shall be certified as accurate by the Parent Borrower.
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Permanent Equity Capital means equity capital contributed to any of the Restricted Companies in cash that is either (a) designated as such pursuant to Section 4.15(b) or (b) in the case of any such capital contributed after March 12, 1998, is designated, at the time of such contribution or at any time thereafter, as "Permanent Equity Capital" for purposes of this Agreement in a certificate of a Financial Officer of NCI delivered to each of the Agents.
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Permanent Equity Capital means the sum of paid in capital and net income less any distributions.
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Examples of Permanent Equity Capital in a sentence

  • The Borrower shall at all times maintain Permanent Equity Capital of its members in the amount of Ten Million Five Hundred Thousand and no/100 Dollars ($10,500,000.00).

  • Bank waives any default by Borrower occurring prior to the date hereof of Borrower’s covenant in Section 10.1 of the Loan Agreement relating to Permanent Equity Capital.

  • The Parent Borrower shall at all times maintain Permanent Equity Capital of its shareholders in the amount of Forty-Five Million and no/100 Dollars ($45,000,000.00).

  • The Borrower shall at all times maintain Permanent Equity Capital of its members in the amount of Eighteen Million Five Hundred Thousand and no/100 Dollars ($18,500,000.00).

  • The aggregate amount of equity capital contributed to the Restricted Companies after September 27, 1996, and through March 12, 1998 is $2,327,100,000 (of which NCI hereby designates $1,200,500,000 as "Permanent Equity Capital" for purposes of this Agreement); the aggregate amount of equity capital contributed to the Restricted Companies by NCI after March 12, 1998 through October 31, 1999 that is eligible to be designated as "Permanent Equity Capital" for purposes of this Agreement is $2,222,062,207.

  • Of such amount, NCI hereby designates $1,200,500,000 as "Permanent Equity Capital" for purposes of this Agreement.


More Definitions of Permanent Equity Capital

Permanent Equity Capital means equity capital contributed to any of the Restricted Companies in cash that is either (a) designated as such pursuant to Section 4.15(b) or (b) in the case of any such capital contributed after the date hereof, is designated, at the time of such contribution or at any time thereafter, as "Permanent Equity Capital" for purposes of this Agreement in a certificate of a Financial Officer of NCI delivered to each of the Agents.
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