Capital Deficit definition

Capital Deficit with respect to any Partner, the amount of the negative balance, if any, in its Capital Account. Carrying Value: as of the time of determination, (i) with respect to Contributed Property, and such other Partnership property whose value is restated pursuant to Section 5.1(d), the Fair Market Value of such property (calculated for this purpose without regard to any outstanding indebtedness secured by or relating to such property) on the date of its contribution reduced (but not below zero) by all depreciation, depletion, amortization and similar expense charged to the Capital Accounts pursuant to Section 5.1(b) with respect to such property, and (ii) with respect to any other property, the Adjusted Basis of such property.
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Capital Deficit means, with respect to any Partner, the excess, if any, at any date of (i) all charges to its Capital Account on or prior to that date over (ii) the sum of all credits to its capital Account on or prior to that date.
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Examples of Capital Deficit in a sentence

  • The Accounting Referee’s determination of the Working Capital Schedule and the Working Capital Surplus or Working Capital Deficit, if any, based thereon shall be final and binding on the Parties.

  • The Closing Date Parent Balance Sheet shall be accompanied by a written statement of any Parent Working Capital Deficit Adjustment as determined by Parent resulting from the information set forth in the Closing Date Parent Balance Sheet (the “Parent Proposed Parent Working Capital Deficit Amount”).

  • The Closing Date Company Balance Sheet shall be accompanied by a written statement of any Company Working Capital Deficit Adjustment as determined by Parent resulting from the information set forth in the Closing Date Company Balance Sheet (the “Parent Proposed Company Working Capital Deficit Amount”).

  • Stockholders’ Representative Proposed Company Working Capital Deficit Amount.

  • Stockholders’ Representative Proposed Parent Working Capital Deficit Amount.

  • The parties acknowledge and agree that ▇▇▇▇▇’s sole and exclusive source of recovery for any Working Capital Deficit shall be the Escrow Amount.

  • If Seller fails to dispute the Closing Date Balance Sheet, including the computation of the Final Working Capital Deficit, during the Seller Review Period, Seller shall be deemed to have accepted the terms of the Closing Date Balance Sheet, including the Seller Adjustment Payment or the Purchaser Adjustment Payment thereunder, as determined by Purchaser.

  • Buyer and Seller shall instruct the Accounting Firm to select one of its partners experienced in purchase price adjustment disputes to make a final determination of Net Working Capital and the Net Working Capital Deficit, if any, or the Net Working Capital Surplus, if any, based solely on the items that are in dispute as set forth in the Notice of Disagreement.

  • The Closing Payment to be paid at Closing shall also be reduced by the amount of the Estimated Working Capital Deficit, if any, or increased by the amount of the Estimated Working Capital Surplus, if any.

  • Purchaser shall have recourse solely to the funds held pursuant to the Escrow Account in respect of the indemnification obligations of the Shareholders and any obligation to pay to the Purchaser a Working Capital Deficit pursuant to Section 1.5(b) or adjustment to the Closing Cash pursuant to Section 1.5(b).