Beginning Equity definition
Beginning Equity means "total shareholders' equity" of the Company as of December 31, 1997, as shown on the Company's consolidated balance sheet.
Examples of Beginning Equity in a sentence
The Ten Percent Growth Amount shall equal the targeted three year growth in the Company's shareholder's equity from January 1, 1998 at a 10% annual rate, determined based on "Beginning Equity" as defined below, using the following formula: (Beginning Equity * (1.1^3)) - Beginning Equity adjusted for each Cash Inflow and each Cash Outflow as provided in Clause (ii) below.