Accumulated Deficit Sample Clauses

Accumulated Deficit. The Company is a development stage entity and, therefore, has generated no revenues or earnings from sales of products and no product revenues or earnings are expected for years. The Company will be required to conduct significant research, manufacturing, development, testing, and regulatory compliance activities which, together with projected general and administrative expenses, are expected to result in significant and increasing operating losses for the foreseeable future.
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Accumulated Deficit related to issuer's stated business purpose - For the purpose of section 6.1(d), that portion of the issuer's accumulated deficit that directly relates to the issuer's stated business purpose at the time of its IPO includes
Sample 1
Accumulated Deficit. Other comprehensive income.............................. Total stockholders’ equity.............................. Total capitalization.............................. * Please rely only on the information contained in this confidential private placement memorandum, including the attached exhibits made a part hereof. The information contained in the exhibits to this confidential private placement memorandum is accurate only as of the date on which such exhibits were filed with the Commission. Our business, financial condition and prospects may have changed since such date. No person has been authorized to provide you with different or additional information. No offer is being made to sell our shares in any jurisdiction where the offer or sale is not permitted.
Sample 1
Accumulated Deficit. 349,663 (130,409) Warrants outstanding..................................... 25,050 Common stock in treasury................................. (44,309) Cumulative foreign currency adjustments.................. (479) ------------ 207,992 ------------ Total liabilities and stockholders' equity $1,925,926 ------------ ------------ See Notes to Unaudited Pro Forma Consolidated Financial Statements 8 UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998 (IN THOUSANDS, EXCEPT PER SHARE DATA) MAGELLAN AS REPORTED HAI ALLIED MERIT PRO FORMA ADJUSTMENTS PRO FORMA COMBINED Net revenue......................... $ 1,499,659 $ 19,528 $ 21,299 $ 262,630 $ (2,143) (6) $ 1,800,973 Salaries, cost of care and other operating expenses................ 1,299,458 15,031 21,422 241,084 (3,285) (7) 1,573,710 Equity in loss of unconsolidated subsidiaries...................... 19,083 -- -- -- -- 19,083 Depreciation and amortization....... 54,885 34 100 16,159 (2,347) (8) 68,831 Interest, net....................... 75,375 (256) (92) 8,870 16,128 100,025 Stock option expense................ (5,623) -- -- -- -- (5,623) Managed care integration costs...... 16,962 -- -- -- (16,962) (10) -- Unusual items....................... 458 -- -- 1,318 1,682 (11) 3,458 1,460,598 14,809 21,430 267,431 (4,784) 1,759,484 Income (loss) before income taxes and minority interest............. 39,061 4,719 (131) (4,801) 2,641 41,489 Provision for (benefit from) income taxes............................. 20,033 1,879 -- (786) 2,732 (12) 23,858 Income (loss) before minority interest.......................... 19,028 2,840 (131) (4,015) (91) 17,631 Minority interest................... 5,296 -- -- -- (2,606) (13) 2,690 Net income.......................... $ 13,732 $ 2,840 $ (131) $ (4,015) $ 2,515 $ 14,941 Average number of common shares outstanding--basic................ 30,784 815 (13) 31,599 Average number of common shares outstanding--diluted.............. 31,198 815 (13) 32,013 Net income per share--basic......... $ 0.45 $ 0.47 Net income per share--diluted....... $ 0.44 $ 0.47 DIVESTED PRO FORMA PRO FORMA OPERATIONS ADJUSTMENTS CONSOLIDATED Net revenue......................... $ (29,922) $ -- $1,771,051 Salaries, cost of care and other operating expenses................ (21,577) -- 1,552,133 Equity in loss of unconsolidated subsidiaries...................... -- -- 19,083 Depreciation and amortization....... (1,332) -- 67,499 Interest, net..........................
Sample 1
Accumulated Deficit. To reflect the following transaction adjustments in connection with the Merger: (In thousands) Elimination of XxxXxxx’s historical accumulated deficit $ 157,956 Preliminary estimate of the bargain purchase gain(1) 93,161 Estimated acquisition-related transaction costs(2) (7,871 ) Severance benefits in connection with the termination of certain executive officers of XxxXxxx(3) (5,423 ) Accelerated vesting of equity awards in connection with the termination of certain employees of CarLotz(4) (595 ) Total $ 237,228
Sample 1

Related to Accumulated Deficit

  • Capital Account Deficits Loss shall not be allocated to a Limited Partner to the extent that such allocation would cause a deficit in such Partner’s Capital Account (after reduction to reflect the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6)) to exceed the sum of such Partner’s shares of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain. Any Loss in excess of that limitation shall be allocated to the General Partner. After the occurrence of an allocation of Loss to the General Partner in accordance with this Section 5.01(e), to the extent permitted by Regulations Section 1.704-1(b), Profit first shall be allocated to the General Partner in an amount necessary to offset the Loss previously allocated to the General Partner under this Section 5.01(e).

  • Required Amount (a) With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the “Class A Required Amount”), if any, by which (x) the sum of (i) Class A Monthly Interest for such Distribution Date, (ii) any Class A Monthly Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (iii) any Class A Additional Interest for such Distribution Date and (iv) any Class A Additional Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (v) if TRS or an Affiliate of TRS is no longer the Servicer, the Class A Servicing Fee for such Distribution Date, (vi) if TRS or an Affiliate of TRS is no longer the Servicer, any Class A Servicing Fee previously due but not paid to the Servicer, and (vii) the Class A Investor Default Amount, if any, for such Distribution Date exceeds (y) the Class A Available Funds. In the event that the difference between (x) the Class A Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(a) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class A Required Amount on the date of computation.

  • Borrowing Base Deficiency If at any time there exists a Borrowing Base Deficiency the Borrower shall cure same in accordance with Section 2.06 hereof.

  • Maximum Accumulation Maximum accumulation amounts apply only to the amount of annual leave that may be carried over from one leave year to the next, and do not limit accumulated leave balances during the leave year.

  • Controlled Accumulation Period The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Interest and Withdrawal No interest shall be paid by the Partnership on Capital Contributions. No Partner shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Partner shall have priority over any other Partner either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Partners agree within the meaning of Section 17-502(b) of the Delaware Act.

  • Allocations During the Controlled Accumulation Period During the Controlled Accumulation Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2017-7 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 2017-7 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2017-7 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date (the product specified in this clause (B) for any such date is hereinafter referred to as a “Percentage Allocation”) shall be allocated to the Series 2017-7 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that if the sum of such Percentage Allocation and all preceding Percentage Allocations with respect to the same Monthly Period exceeds the Controlled Deposit Amount during the Controlled Accumulation Period for the related Distribution Date, then such excess shall not be treated as a Percentage Allocation and shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • ACCUMULATION UNITS The interest of this contract in the Separate Account, prior to the date on which amounts become payable under a payment plan, is represented by Accumulation Units. The dollar value of Accumulation Units for each Division will increase or decrease to reflect the investment experience of the Division. The value of an Accumulation Unit on any Valuation Date is determined by multiplying: - the value on the immediately preceding Valuation Date; by - the Net Investment Factor for the period from the immediately preceding Valuation Date up to and including the current Valuation Date (the current period).

  • Accumulation Vacation time shall be earned and accumulated on a monthly basis in accordance with the following schedules:

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