Conversely definition

Conversely software that used to be considered a "Base Upgrade" may migrate into an "Enhanced Upgrade."
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Conversely when a loss is realized on a depreciated portfolio security, an increase in net unrealized appreciation occurs. Net Investment Income The Company's principal objective is to achieve capital appreciation. Therefore, a significant portion of the investment portfolio is structured to maximize the potential return from equity participation and provides minimal current yield in the form of interest or dividends. The Company also earns interest income from the short-term investment of cash funds, and the annual amount of such income varies based upon the average level of funds invested during the year and fluctuations in short-term interest rates. During the three years ended March 31, the Company had interest income from temporary cash investments of $1,239,000 in 1998, $637,000 in 1997 and $687,000 in 1996. The Company also receives management fees from its wholly-owned subsidiaries which aggregated $494,400 in the year ended March 31, 1998, $506,400 in the year ended March 31, 1997 and $523,200 in the year ended March 31, 1996. During the three years ended March 31, 1998, the Company recorded dividend income from the following sources: Years Ended March 31 ---------------------------------- 1998 1997 1996 ---------- ---------- ----------- Alamo Group Inc. ................... $1,064,000 $1,064,000 $ 1,064,000 Cherokee Communications, Inc. ...... - 108,789 144,000 Humac Company....................... - - 208,200 The RectorSeal Corporation.......... 501,200 940,895 1,529,019 Skylawn Corporation................. 300,000 450,000 300,000 Texas Shredder, Inc. ............... 37,500 37,500 178,125 The Whitmore Manufacturing Company.. 120,000 - - Other............................... 214,593 173,137 173,660 ---------- ---------- ---------- $2,237,293 $2,774,321 $3,597,004 ========== ========== ========== Total operating expenses, excluding interest expense, increased by $170,464 or 12.2% and decreased by $149,925 or 9.7% during the years ended March 31, 1998 and 1997, respectively. Due to the nature of its business, the majority of the Company's operating expenses are related to employee and director compensation, office expenses, legal and accounting fees and the net pension benefit. Interest expense, the majority of which is related to the SBA-guaranteed subordinated debentures, decreased by $207,705 and $1,065,336 during the years ended March 31, 1998 and 1997, respectively. Net Realized Gain on Investments Net realized gain on investments was $6,484,892 (after inco...
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Conversely if the Lessee Purchase Price or the Net Resale Price of any such resale of Equipment is less than the Residual Value, such shortfall shall be considered the "Resale Loss.'' If a Lessee's monthly Rent payments amortize the Residual Value prior to the end of such Lease, the aggregate of subsequent monthly Rent will be considered an "Inherent Gain." At the end of such Lease, the Lessor will be required to remit the Inherent Gain to Fuji.
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Examples of Conversely in a sentence

  • Conversely, in case the outstanding shares of Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Securities purchasable under the Warrants shall be proportionately decreased.

  • Conversely, in case the outstanding shares of [title of Preferred Stock purchasable through exercise of Warrants] of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Securities purchasable under the Warrants shall be proportionately decreased.

  • Conversely, on any day the Funds maintain a positive balance, they will be allowed to overdraw the account as compensation.

  • Conversely, in case the outstanding shares of [title of Preferred Stock purchasable through exercise of Warrants] shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Securities purchasable under the Warrants shall be proportionately decreased.

  • Conversely, because of competition rules, the contractor must be defined as a single entity even if the contractor is part of a corporate group.

  • Conversely, costs made specifically unallowable by the requirements in this clause will not be made allowable under any of the provisions of FAR Part 31 or the relevant OMB Circulars.

  • Conversely, no Person shall have any rights to Partnership assets, incomes or proceeds by virtue of such other ventures or activities of any Partner.

  • Conversely, if you are an “active” participant” and your spouse is not, a contribution to your Traditional IRA will be deductible if your combined modified adjusted gross income does not exceed the amounts listed above.

  • Conversely, if the final rate is less than the provisional rate, the organization will be required to pay back the difference to the funding agency.

  • Conversely, if the outstanding shares of Common Stock are combined into a smaller number of shares of Common Stock, by reverse stock split or otherwise, then the number of Warrant Shares for which the Warrant is then exercisable will be proportionately reduced and the Exercise Price will be proportionately increased.

Related to Conversely

  • Subdivider means a person who causes land to be subdivided or who proposes a subdivision

  • Reserved Numbers means those telephone numbers which are not in use but which are held in reserve by a Carrier under a legally enforceable written agreement for a specific End User Customer's future use.

  • Proportionately means that the ratio of the actual Annual Special Tax levy to the applicable Special Tax is equal for all applicable Assessor’s Parcels.

  • Warrant Price as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants.

  • Conversion Factor means 1.0, provided that in the event that the General Partner (i) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its outstanding REIT Shares in REIT Shares, (ii) subdivides its outstanding REIT Shares, or (iii) combines its outstanding REIT Shares into a smaller number of REIT Shares, the Conversion Factor shall be adjusted by multiplying the Conversion Factor by a fraction, the numerator of which shall be the number of REIT Shares issued and outstanding on the record date for such dividend, distribution, subdivision or combination (assuming for such purposes that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of REIT Shares (determined without the above assumption) issued and outstanding on such date and, provided further, that in the event that an entity other than an Affiliate of the General Partner shall become General Partner pursuant to any merger, consolidation or combination of the General Partner with or into another entity (the “Successor Entity”), the Conversion Factor shall be adjusted by multiplying the Conversion Factor by the number of shares of the Successor Entity into which one REIT Share is converted pursuant to such merger, consolidation or combination, determined as of the date of such merger, consolidation or combination. Any adjustment to the Conversion Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event; provided, however, that if the General Partner receives a Notice of Redemption after the record date, but prior to the effective date of such dividend, distribution, subdivision or combination, the Conversion Factor shall be determined as if the General Partner had received the Notice of Redemption immediately prior to the record date for such dividend, distribution, subdivision or combination.