Equity Cap definition

Equity Cap means [***]% of the issued and outstanding share capital of Atlantic (on an as-issued, post financing basis).

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Equity Cap means 48.61%.

Equity Cap means 85.06%.

Examples of Equity Cap in a sentence

• To the extent any milestone payment of Atlantic Equity Securities will cause Isis’ aggregate equity ownership in Atlantic to exceed the Equity Cap, Atlantic will issue to Isis only the number of shares that will maintain such Equity Cap, and will pay Isis the remainder of such milestone payment in cash.

• In the event the BHCA Shareholder’s shares (together with the shares of any of the BHCA Shareholder’s BHCA affiliates) exceed the BHCA Total Equity Cap, the Company will use its commercially reasonable efforts to enable the BHCA Shareholder to include the shares of Ordinary Stock exceeding the BHCA Total Equity Cap in the underwriting necessary so that the BHCA Shareholder is in compliance with the BHCA Total Equity Cap requirement.

• Such underwriting actions may include the purchase by the Company or, without objection from the Company and to the extent any other shareholder agrees, by any other shareholder those shares that exceed the BHCA Total Equity Cap at a fair market value to be agreed by the BHCA Shareholder and all other parties to such sale, such agreement not to be unreasonably withheld by any party to such sale.

• Each member of the society shall have an Equity Cap assigned to them.

• Any new members who join the society replacing a leaving member will take on the Equity Cap of the leaving member they replace.

• Notwithstanding anything to the contrary in this Agreement, in no event shall Parent and its direct or indirect wholly-owned Subsidiaries collectively be required to subscribe for or purchase more than (i) the Aggregate Equity Cap in total, or (ii) the Incremental Equity Cap on any Closing Date.

• Such Purchaser shall have received, on or prior to the First Closing Date, a fully executed and delivered copy of the Equity Cap Waiver.

• The Dollar Cap or Equity Cap, as applicable, shall be paid (i) in cash in an amount equal to the tax obligations of the Manager Equityholders resulting from the aggregate Management Fees earned in such Fiscal Year (up to a maximum rate of 25%) and (ii) with respect to the remaining portion of the Dollar Cap or Equity Cap, as applicable, in the form of OP Units issued to the Manager at a price per OP Unit equal to the Cash Amount (as defined in the OP LPA) as of the applicable date.

• This is to ensure that the Eligible Purchasers are advised upfront regarding the obligations and requirements of the ▇▇▇ Program and can review with their lawyer regarding the Buy-Back Option and the Equity Cap during the statutory recission period under the Condominium Act, 1998 (Ontario).

• The total increase in value resulting from the uprating will be divided between the members in proportion to their Monthly Charge, and this amount will be added to the Equity Cap of each member.

More Definitions of Equity Cap

Equity Cap shall have the meaning set forth in Section 2.01(b) of this Participation Agreement.

Equity Cap shall have the meaning set forth in Section 4.2.

Equity Cap means a cap on the equity on the Unit calculated at 2% per annum of the First Charge Principal and any deposits paid by the Eligible Purchaser under the Purchase Agreement, compounded annually from the closing date for the transfer of the Unit to the Eligible Purchaser. Notwithstanding the notice provision outlined above to trigger the Buy-Back Option, if an Eligible Purchaser is in default of their obligations under the Habitat Second Charge and fails to cure such default within the 30 day cure period outlined aforesaid, the Buy-Back Option is automatically triggered and can be exercised by Habitat, without the requirement of notice from the Eligible Purchaser. From the date of notice, Habitat has 45 days to determine if it exercise its option to buy-back the Unit at a discounted price. If Habitat exercises the Buy-Back Option and elects to purchase the Unit, then on closing the Eligible Purchaser shall pay to Habitat the Buy-Back Price less the amount outstanding of the Purchase Price Amount and the Additional Amount of the principal amount of the Habitat Second Charge. Any remaining amounts will be paid directly to the Eligible Purchaser, provided that the Eligible Purchaser shall not receive back an amount less than the First Charge Principal plus deposits they paid directly. If Habitat exercises the Buy-Back Option then:

Equity Cap has the meaning given to it in Section 2.2(a).