Equity Cushion definition

Equity Cushion means, with respect to any Obligor and as calculated by the Servicer, the pro forma ratio of (a) the equity of such Obligor to (b) the total capitalization of such Obligor, determined as of (i) if the related Underlying Instrument was executed within the twelve (12) months prior to the date of determination, the date on which the related Underlying Instrument was executed and (ii) if such Underlying Instrument was executed prior to the twelve (12) months prior to the date of determination, the date of the most recent financial statements of such Obligor received by the Borrower.
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Equity Cushion means, with respect to any Obligor and as calculated by the Servicer, the pro forma ratio of (a) the equity of such Obligor to (b) the total capitalization of such Obligor, determined as of the related Cut-Off Date.
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Equity Cushion in Section 1.1 (Defined Terms) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: "[Intentionally Omitted]".
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Examples of Equity Cushion in a sentence

  • First ask for the whole, counter with part of WC, agree middle of the road - get compensated for costs of delivery Different financing Sources Available: From most expensive and most risky to less expensive less risky Equity: Cushion for debt investors Subordinate debt: Called subs Secondary lending, riskier (13-18%) Currently can borrow 3 x EBTDA for mid-market, bigger companies can go further.

  • No opposition filed.Property: 15117 Oro Grand St. Sylmar, CA 91342 Property Value: $536,000Amount Owed: $409,330.08 Equity Cushion: 24% Equity: $126,669.92Post-Petition Delinquency: $8,228.63 (3 payments of $3,572.23 + $1,031.00 in attorney’s fees less suspense account or partially paid balance of$3,519.06) Movant alleges that postpetition mortgage payments due on the note secured by a deed of trust on the Property have not been made to Movant.

  • Property: 2014 KIA OPTIMA Property Value: $11,775.00Amount Owed: $ 8,477.25 Equity Cushion: Unk.Equity: $3,297.75Delinquency: $1,089.23 in arrears and an additional monthly payment of$358.82 due on 07/20/2021.

  • U.S. Bank’s Interest in the Property is Adequately Protected by a Substantial Equity Cushion Remaining for determination is whether cause exists to grant stay relief to U.S. Bank because its interest in the Property is not adequately protected.

  • Equity Cushion: 32.77%Equity: $278,594.63Post-Petition Delinquency: $7,700.31 Movant requests relief under 11 U.S.C. 362(d)(1), with the specific relief requested in paragraphs 2 (proceed under non-bankruptcy law); 3 (Movant permitted to engage in loss mitigation activities); 7 (waiver of the 4001(a)(3) stay) and 13 (if relief is not granted, adequate protection shall be ordered).

  • Adequate Protection May Consist of an Equity Cushion and Is Appropriate Solely as and to the Extent of Any Diminution in Value of a Secured Creditor’s Interest in Its Collateral.

  • No opposition filed.Property: 5064-5066 Lankershim Bl. North Hollywood, CA 91601 Property Value: $2,005,532 (per debtor’s schedules)Amount Owed: $818,878 (2nd DoT) Equity Cushion: 14.3%Equity: <$85,156> (FMV - (total debt [1st DoT per Debtor's Sch.

  • The Debtor’s Prepetition Secured Creditors Are Adequately Protected By A Substantial Equity Cushion, The Continued Operation Of The14 Debtor’s Business And Other Forms Of Adequate Protection 1515 III.

  • In addition to the proposed Replacement Liens and its Equity Cushion, BOP shall be protected as a result of periodic payments made by the Debtors to BOP.

  • It accounts for a range of information found in dictionaries, from inflected forms to semantic relations, pragmatic features and etymological data.


More Definitions of Equity Cushion

Equity Cushion has the meaning specified in the Orders.
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Related to Equity Cushion

  • Capital Market Indebtedness means any obligation for the payment of borrowed money which is, in the form of, or represented or evidenced by bonds, or other instruments which are, or are capable of being, listed, quoted, dealt in or traded on any stock exchange or in any organised market and any guarantee or other indemnity in respect of such obligation; and

  • Capital Markets Indebtedness means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (a) a public offering registered under the Securities Act, (b) a private placement to institutional investors that is resold in accordance with Rule 144A or Regulation S of the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC or (c) a placement to institutional investors. The term “Capital Markets Indebtedness” shall not include any Indebtedness under commercial bank facilities or similar Indebtedness, Capitalized Lease Obligation or recourse transfer of any financial asset or any other type of Indebtedness incurred in a manner not customarily viewed as a “securities offering.”

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Book Equity means the aggregate of the amounts paid-up or credited as paid-up on the Charter Guarantor's issued share capital and the amount of the consolidated capital and revenue reserves of the Group (including any share premium account, capital redemption reserve fund and any credit balance on the consolidated profit and loss account of the Group) all as shown by the latest audited consolidated balance sheet and profit and loss account of the Group delivered under this Deed but after:

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.