Remaining Equity definition

Remaining Equity means all the Borrower Common Stock that (a) is in existence on the Original Closing Date after giving effect to the Recapitalization and (b) is not beneficially owned, directly or indirectly, by ▇▇▇▇▇▇, KKR, KKR's Affiliates or the Management Group on the Original Closing Date pursuant to the 1998 management equity plan, including any additional Borrower Common Stock or other capital stock or equity interests in the Borrower issued in respect of such Borrower Common Stock in existence on the Original Closing Date as a result of a stock split, recapitalization, merger, combination, consolidation or otherwise, but excluding any management equity plan or stock option plan or similar agreement.
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Remaining Equity means a commitment by the Equity Investors to the Company of €8,000,000 which forms part of the Second Tranche.
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Remaining Equity means the amount of equity available for Class 6 holders after the New Equity is issued to the source of the New Equity Funding.
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Examples of Remaining Equity in a sentence

  • For purposes of the transfer of the Subsequent Interest, GRAPH-TECH'S portion of the Remaining Equity Financing shall be that amount established in the feasibility study.

  • Mazarin shall forthwith transfer an additional share of the Subsequent Interest to GRAPH-TECH in consideration for each of GRAPH-TECH'S Remaining Equity Financing (as defined below) contributions and in proportion to the amount of each such contribution relative to GRAPH-TECH's portion of the Remaining Equity Financing.

  • If GRAPH-TECH is unable to obtain a willing and able purchaser within the 12 month period, Mazarin may require GRAPH-TECH to transfer its interest in the Vehicle to Mazarin for a sum of $1,000,000.00 plus 60% of any Remaining Equity Financing GRAPH-TECH may have provided or GRAPH-TECH's interest shall be diluted based on the formula set out in Section 7.

  • Thereafter, each party shall have the right to subscribe in preference to any other person to any new issue of shares (over and above their Remaining Equity Financing obligations) in proportion of their participation in the equity of the Vehicle at such time.

  • As of the Closing Date, the Sponsor has made Equity Contributions equal to $129,940,628, which shall reduce the Project Equity Commitment and the Remaining Equity Commitment.

  • At the time the Investor Members deliver the Investor Member Repurchase Notice to the holders of such Remaining Equity, the Company shall also deliver written notice to each Investor Member setting forth the amount of Remaining Equity such Investor Member is entitled to purchase and the time and place of the closing of the transaction.

  • The parties will be responsible for providing in the form of equity contributions, GRAPH-TECH Equity Financing = ((PDEC + REF) X 60%)) - GTPDEC Mazarin Equity Financing = (PDEC + REF) X 40%)) - MZPDEC PDEC = GTPDEC + MZPDEC REF = Remaining Equity Financing GTPDEC = GRAPH-TECH Pre-Development Decision Equity Contribution (net of grants and subsidies actually received by GRAPH-TECH.

  • An Equity Provider that has provided a Letter of Credit may at any time, and from time to time, provide to Duke/UAE Holdings a substitute Letter of Credit that is in a face amount equal to such Equity Provider's Remaining Equity Support at such time and that otherwise complies with the requirements of this Agreement, and upon any such substitution Duke/UAE Holdings shall release to such Equity Provider the Letter of Credit that is being replaced.

  • The Investor Members may elect to purchase all or any portion of the Remaining Equity by giving written notice to the Company within 30 days after the Available Equity Notice has been delivered to the Investor Members by the Company.

  • If either or both of the Equity Interest Transfers contemplated hereby shall not have been consummated by August 27, 2004 (or such later date as may be agreed by the parties) (any such unconsummated transfer, the “Remaining Equity Interest Transfer”), the parties’ obligations herein (other than under Section 6.12(b)) shall terminate with respect to any Remaining Equity Interest Transfer.


More Definitions of Remaining Equity

Remaining Equity means 30% of the New Common Interests reserved as of the Effective Date (subject to dilution by any New Common Interests issued under the New Management Equity Incentive Plan) that shall be distributable to the Holders of Allowed Unsecured Claims that make the Stock in Lieu Election.
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Related to Remaining Equity

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.

  • Hurdle Amount means for the applicable period, an amount equal to 5.0% of the Beginning VPU.

  • Cash Amount means an amount of cash per Partnership Unit equal to the Value on the Valuation Date of the REIT Shares Amount.

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).