Decrease in Shoreline's Shareholders' Equity Clause Samples

Decrease in Shoreline's Shareholders' Equity. If as of the Final Statement Date (as defined below), the "Adjusted Shareholders' Equity" of Shoreline, as set forth on the Closing Balance Sheet (as defined below), is less than $86,500,000 then Chemical shall have the right abandon the Merger and terminate the Plan of Merger; provided Chemical delivers such notice of its decision to do so to Shoreline in writing within three Business Days of its receipt of the Closing Balance Sheet.
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Related to Decrease in Shoreline's Shareholders' Equity

  • STOCKHOLDERS' EQUITY As at any date of determination, the sum of (a) the capital accounts including common stock and preferred stock, but excluding treasury stock of the Borrower plus (b) the earned surplus and capital surplus of the Borrower (excluding adjustments to translate foreign assets and liabilities for changes in foreign exchange rates made in accordance with Financial Accounting Standards Board Statement No. 52), as determined in accordance with GAAP.

  • Shareholders’ Equity Permit Gannett’s Total Shareholders’ Equity at any time to be less than $3,500,000,000.

  • Minimum Shareholders’ Equity The Borrower will not permit Shareholders’ Equity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Complete Portfolio Holdings From Shareholder Reports Containing a Summary Schedule of Investments; and