Common Equity Capital definition
Examples of Common Equity Capital in a sentence
For purposes of calculating the Base Fee, the Average Quarterly Value of Common Equity Capital shall not be increased by the proceeds received from any public offering of Common Shares by the Company (other than pursuant to the Company's dividend reinvestment plan or any employee/trust manager benefit plan) during the 180 calendar day period immediately following such public offering.
Quarterly in arrears, a fee ("BASE FEE") consisting of a quarterly servicing and advisory fee equal to the sum of (a) the product of 0.3875% (1.55% on an annual basis) multiplied by the lesser of (i) the Average Quarterly Value of Common Equity Capital or (ii) the Average Quarterly Value of All Invested Assets and (b) the product of 0.10% (0.40% on an annual basis) and the difference between the Average Quarterly Value of All Invested Assets and the Average Quarterly Value of Common Equity Capital.
Quarterly in arrears, a fee ("Base Fee") consisting of a quarterly servicing and advisory fee equal to the sum of (a) the product of 0.4167% (1.67% on an annual basis) multiplied by the lesser of (i) the Average Quarterly Value of Common Equity Capital or (ii) the Average Quarterly Value of All Invested Assets and (b) the product of 0.21875% (0.875% on an annual basis) and the difference between the Average Quarterly Value of All Invested Assets and the Average Quarterly Value of Common Equity Capital.
The Lock-Up Agreement will be executed by (i) Company Stockholders who own more than 5% of the Company’s voting stock at Closing (other than investors in the Common Equity Raise and the Convertible Capital Raise, except as described in prong (iii) of this footnote), (ii) XPDI II Sponsor, (iii) direct and indirect investors in XPDI II Sponsor that acquire shares in the Common Equity Capital Raise or the Convertible Capital Raise, and (iv) the former independent directors of the Company prior to Closing.