Total Capital Funds definition

Total Capital Funds means, for the applicable Fiscal Quarter set forth in Section 8.21(b) hereof, determined for the Borrower and its Subsidiaries on a consolidated basis, the sum of (a) the amount which, in conformity with GAAP, would constitute the "shareholders' equity" (or "shareholders' deficit", as the case may be) of the Borrower and its Subsidiaries on a consolidated basis for such Fiscal Quarter, PLUS (b) the aggregate amount of Subordinated Debt of the Borrower and its Subsidiaries on a consolidated basis for such Fiscal Quarter, PLUS (c) the aggregate amount of all "debt acquisition costs") incurred by the Borrower in connection with, or otherwise relating to, the transactions contemplated by this Agreement, as determined in accordance with GAAP.

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Total Capital Funds means, as of any date, (a) the amount of any capital stock or similar ownership liability plus (or minus in the case of a deficit) capital surplus or additional paid-in capital, retained earnings, debt subordinated in payment to the Loans and deferred income; less (b) the net book value of all items of the following character which are included in the assets: (i) goodwill, (ii) organization or experimental expenses, (iii) unamortized debt discount and expense, (iv) stock discount and expense, (v) patent, trademark, trade names and copyrights, (vi) treasury stock, (vii) franchises, licenses and permits, (viii) investment in or amounts receivable from New Leap Corporation and any Affiliates, and (ix) other assets which are deemed intangible assets under generally accepted accounting principles."

Total Capital Funds shall be added to Article I of the Credit Agreement as follows:

Examples of Total Capital Funds in a sentence

Under no circumstances shall the Executive Oversight Board approve a Final Plan which exceeds the Total Capital Funds unless the VDOT obtains additional funding.
Subject to appropriation of the Board of Supervisors for Henrico County (“County Board”), the County shall make available to Sponsor the County’s portion of the Total Capital Funds as set forth in Section 5 of this Agreement.
Subject to the terms of the DRPT Grant Agreement 50017-01, DRPT shall make available to GRTC DRPT’s portion of the Total Capital Funds as set forth in Section 5 of this Agreement, to be provided to GRTC as set forth in Section 7.2 of this Agreement.
The Borrower shall maintain a ratio of (i) Total -------------- Liabilities less Subordinated Indebtedness to (ii) Total Capital Funds of not more than 7:1.
The Borrower shall maintain a ratio of (i) Total -------------- Liabilities less Subordinated Indebtedness to (ii) Total Capital Funds of not more than 5.75:1 for the period commencing November 1, 1992 and ending December 31, 1992 and 6:1 thereafter.
All payments for costs incurred in relation to the Project shall be made from the funds provided in Sections 5.1.1 through 5.1.4 on a pro-rata basis in proportion to the amount of Total Capital Funds committed by each Party.
Permit or suffer the consolidated Total Capital Funds of the Company in its Subsidiaries to be less than $15,000,000 at any fiscal quarter end of the Company after the Effective Date.
Borrowers’ Total Capital Funds shall not, at the end of any calendar month, be less than $9,300,000.
The amount of the Available Capital Funds is the Total Capital Funds minus the Principal Contingency Fund.
GRTC will be the grant recipient of funds awarded under the ▇▇▇▇▇ ▇▇▇▇▇ as well as all remaining Total Capital Funds and shall adhere to all local, state and federal laws and regulations associated with the use of such funding.

More Definitions of Total Capital Funds

Total Capital Funds of any person shall mean the sum of the Net Worth of such person plus the Subordinated Debt of such person.

Total Capital Funds means, as of any date, the amount of any capital stock or similar ownership liability plus (or minus in the case of a deficit) capital surplus or additional paid-in capital, retained earnings, debt subordinated in payment to the Loans and deferred income."

Total Capital Funds means the sum of the excess of the total consolidated assets of Borrowers over total consolidated liabilities of Borrowers. For purposes hereof, total assets and total liabilities shall each be determined in accordance with generally accepted accounting principles consistently applied.

Total Capital Funds means total capital funds of financial institutions.

Total Capital Funds means the total funds committed by the Project Partners and the ▇▇▇▇▇ ▇▇▇▇▇ for the completion of the Project. Total Capital Funds are exclusive of those costs associated with maintenance and operation of the Broad Street BRT upon Project Completion.