Equity Base definition
Equity Base means at any date the sum of -----------
Equity Base means, with respect to the Company on any date, the amount equal to the excess of (i) the Pool Balance of the Contracts owned by the Company on such date plus the amount on deposit in the Reserve Account (after giving effect to all required deposits and withdrawals therefrom, if any, on such date), over (ii) the Aggregate Note Principal Balance on such date.
Equity Base means, (i) if the Company (or its successor by merger or otherwise) has a class of common equity securities listed on a National Securities Exchange, the sum of the value of all outstanding Common Units plus the liquidation preference of all outstanding preferred Partnership Units, and (ii) if the Company (or its successor by merger or otherwise) does not have a class of common equity securities listed on a national securities exchange, the Net Worth of the Partnership. For purposes of clause (i) in the preceding sentence, the value of all outstanding Common Units shall be equal to the product of (i) the number of outstanding Common Units multiplied by (ii) the Conversion Factor, multiplied by (iii) the 30 day VWAP of the REIT Shares as of the date of the most recent quarterly financial statement.
Examples of Equity Base in a sentence
For the avoidance of doubt, any such amount of accrued and outstanding interest shall be added to the Non-Defaulting Party’s Equity Base and shall be deducted from the Defaulting Party’s Equity Base, provided that such deduction and addition shall only apply going forward.
More Definitions of Equity Base
Equity Base means:
A. in the case of Vale, the sum of:
a) the Deemed Contribution of Vale;
b) the aggregate amount of all cash contributions by Vale to the JV Company in respect of cash calls from the commencement of the JVSA (whether such contributions are in respect of Vale’s own share, or in respect of Ero’s share (if Ero is the Defaulting Party), of such cash call)1;
c) the Free Carry contributed by Ero to the JV Company on behalf of Vale from the commencement of the JVSA; and
d) if Vale’s Committed Ownership Interest is less than 40%, then the committed ownership level true up referenced in Part 1 of Schedule C.
B. in the case of Ero, the sum of:
a) the Deemed Contribution of Ero;
b) the aggregate amount of all cash contributions by Ero to the JV Company in respect of cash calls from the commencement of the JVSA (whether such contributions are in respect of Ero’s own share, or in respect of Vale’s share (if Vale is the Defaulting Party), of such cash call)), but excluding the Free Carry contributed by Ero to the JV Company on behalf of Vale; and
c) if Vale’s Committed Ownership Interest is less than 40%, then the committed ownership level true up referenced in Part 1 of Schedule C; and