Underlying Business definition

Underlying Business means, collectively, "Covered Business" as such term is defined in the Existing Quota Share Agreement.
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Underlying Business means the operating entities in which the Fund has invested, either directly or through several dedicated holding companies.
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Underlying Business means, collectively, “Covered Business” as such term is defined in the Existing AII Quota Share Agreement and the business as described under the heading “Class and Period of Business” in the Existing AEL Quota Share Agreement. In addition, the following terms shall have the respective meanings set forth in the following sections of this Agreement: Term Section 2018 Master Agreement Recitals ADC Agreement Recitals Agreement Preamble AmTrust Recitals Closing 2.1(a) Closing Date 2.1(b) Closing Statement 2.3 Enforceability Exceptions 3.2 Enstar Preamble Enstar Parties 5.12(b) Extended Deadline Date 8.1(b)(i) Final Deadline Date 8.1(b)(ii) Maiden Preamble Maiden Insurance Preamble Maiden Parties 5.12(b) Material Third Party Reinsurance Agreements 3.13(a) New York Court 9.7(a) Original Cedents Recitals Party Recitals Released Claims 5.12(b) Retrocessionaire Recitals
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Examples of Underlying Business in a sentence

  • In general, because of the role of financial structuring in private equity, multiples should be used to derive an Enterprise Value for the Underlying Business.

  • Private Equity Funds often undertake an Investment with a view to build, develop and/or to effect substantial changes in the Underlying Business, whether it is to its strategy, operations, management, or financial condition.

  • Where there is a round of financing that involves only existing investors of the Underlying Business in the same proportion to their existing Investments (insider round), the commercial need for the transaction to be undertaken at Fair Value may be diminished.

  • The aggregate exercise price of these may result in surplus cash arising in the Underlying Business if the aggregate exercise price is significant.

  • In private equity, value is generally realised through a sale or flotation of the entire Underlying Business, rather than through a transfer of individual shareholder stakes.

  • The cash flows and “terminal value” are those of the Underlying Business, not those from the Investment itself.The Discounted Cash Flows (DCF) technique is flexible in the sense that it can be applied to any stream of cash flows (or earnings).

  • The Valuer should consider whether any indications of deteriorationin the value of the Underlying Business exist, which suggest that the loan will not be fully recovered.

  • The particular multiple used should be appropriate for the business being valued.(N.B: The multiples of revenues and their use are presented in 3.8. Industry Valuation Benchmarks)In general, because of the key role of financial structuring in private equity, multiples should be used to derive an Enterprise Value for the Underlying Business.

  • Caution must be applied so that positive developments are not being valued before they actually contribute to an increase in value of the Underlying Business.

  • In these situations, a large Marketability Discount will be appropriate.In the event that the Mezzanine loan is one of a number of instruments held by the Fund in the Underlying Business, then the Mezzanine loan and any attached warrants should be included as a part of the overall package of investment being valued.


More Definitions of Underlying Business

Underlying Business means the business which provides B-end customers with channels to dispose used cars and/or provides B-end customers with channels to purchase used cars by the method of auction, and other business which provides services to B-end customers by the same method. For the avoidance of doubt, the Underlying Business does not include the salvage car business, new car business, C2B Business and the nationwide purchase of used cars business operated by Uxin Group Company.
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Underlying Business means the loan facilitation business faced to C-end customers.
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Underlying Business means, with respect to a Contributed Investment:
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Related to Underlying Business

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Remaining Business means whichever of the Operating Systems Business and the Applications Businesses is not transferred to a separate entity pursuant to the Plan.

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Competing Business means any person or entity that competes with the Company Group in the sale, marketing, production, distribution, research or development of Competing Products in the same markets.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Company Business means the business of the Company as presently conducted.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

  • Trust business means the business of acting as trustee, executor or administrator;

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Restricted Customer means any customer to whom or to which goods or services were provided by the Company during the two-year period prior to the date of Employee’s employment, and any potential customer of the Company that the Company solicited during the one-year period prior to the date of termination of Employee’s employment with the Company.

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Micro Business means a company which either:

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Private Business Use means use (directly or indirectly) in a trade or business or activity carried on by any Private Person (other than a Tax-Exempt Organization) other than use as a member of, and on the same basis as, the general public.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Active business operations means all business operations that are not inactive business operations.

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Excluded Business has the meaning set forth in Section ‎9.1.1.