Members’ Equity. The Fund Board, in its sole discretion, may declare a distribution of the Fund’s members’ equity to Fund Members. Members’ equity belongs to the Fund. No current or former individual Fund Member is entitled to an individual allocation or portion of members’ equity.
Members’ Equity. Permit Members' Equity, as of the last day of any Fiscal Quarter, to be less than the sum of (a) $75,000,000, plus (b) 30% of cumulative Net Income for each Fiscal Quarter having then ended since January 1, 2001 (without reduction for any net loss having occurred in any such Fiscal Quarter), plus (c) 75% of any Net Cash Proceeds received by Borrower or its Subsidiaries since January 1, 2001.
Members’ Equity. VSS-Cambium Holdings, LLC Holdings was formed on January 29, 2007 and on that date entered into a stock purchase agreement that provided for the purchase by Holdings of all of the outstanding stock of Cambium. Each Investor and Executive Member (Member) contributed capital which totaled $144,023,857, including cash and carryover interest, and was issued a membership interest in Holdings. The capital contributed was then used to purchase the outstanding stock of Cambium on April 12, 2007. No future capital contribution is required to Holdings by its Members. Holdings shall distribute cash and securities at the times determined by the Board at its sole discretion. The amount of each Distribution shall be as follows:
Members’ Equity. Minimum members equity must be $1,400,000.00 at June 30, 2004, $2,000,000.00 at September 30, 2004, and $2,700,000.00 at December 31, 2004 and March 31, 2005.
Members’ Equity. Xxxxxxx Financial's members equity, as determined in accordance with GAAP, was as set forth on Schedule 5.6 as of April 30, 2005.
Members’ Equity. The Company shall have received evidence satisfactory to it that DEVELOPER had, as of Closing Date, members' equity of at least $_________.
Members’ Equity. (Deficit)—will represent the cumulative retained earnings of the Company from its inception including a prorated net income attributable to the month of the Closing Date.
Members’ Equity. Under this Agreement, based upon the quarterly combined/combining financial statements of the Borrower and its affiliates/subsidiaries, members' equity must be a minimum of $2,000,000.00 at June 30, 2005, and at the end or each subsequent fiscal quarterly period until the Loan is paid in full.
Members’ Equity. An amount in cash equal to the members' equity of the Membership Interests as determined by Deja Foods' accountants, as of Closing, in accordance with generally accepted accounting principles.
Members’ Equity
