Equity Deficit definition

Equity Deficit means, with respect to Chase, the excess, if any (in the aggregate, when required by the use of this defined term), of the Contractual Net Cash Flow attributable to each Capital Transaction that would (i) be distributed to Chase pursuant to such Section 3.2 without taking into account the provisions of Section 3.2(a) if each Property that was sold was sold for Contractual Net Cash Flow over (ii) the Net Cash Flow be distributed to Chase pursuant to Section 3.2, again without taking into account the provisions of Section 3.2(a).

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Equity Deficit means the amount (not less than zero) equal to the Minimum Seller's Equity Requirement minus the Seller's Equity.

Equity Deficit means an amount equal to the difference, if such number is a positive number, of (i) the Additional Equity Raise Target Amount minus (2) the aggregate amount of equity financing received by the Borrower between the Effective Date and January 1, 2025 (including through any option conversion in accordance with Section 2.7). In the event that by January 1, 2025, the Borrower has not received an aggregate of equity financing equal to or exceeding the Additional Equity Raise Amount, then on January 2, 2025, such principal amount of then-outstanding Term Loans owed by the Borrower hereunder and the unpaid accrued interest thereon as together equals the Equity Deficit shall automatically convert into Class D preferred units of the Borrower at the same price per unit and on the same terms and conditions as the Class D preferred unit of the Borrower purchased by Lender prior to the Effective Date (a “Mandatory Conversion”). .

Examples of Equity Deficit in a sentence

Years Ended December 31, 2003, 2004, and 2005 Report of Independent Auditors 1 Consolidated Balance Sheets 2 Consolidated Statements of Operations 3 Consolidated Statements of Changes in Stockholders’ Equity (Deficit) 4 Consolidated Statements of Cash Flows 5 Notes to Consolidated Financial Statements 6 Table of Contents § Ernst & Young LLP Suite 1300 ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ § Phone: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇.▇▇.▇▇▇ The Board of Directors and Stockholders Athersys, Inc.
F-3 Statements of Shareholders' Equity (Deficit)........................
EMPIRE COMMUNICATIONS CORPORATION (A Development Stage Company) Statement of Stockholders' Equity Deficit Accumulated Common Stock Additional During the -------------------------- Paid-in Development Shares Amount Capital Stage ---------- ----------- ---------- ------------ Balance, April 27, 1995 - $ - $ - $ - Common stock issued for cash at $0.001 per share 2,000,000 2,000 (1,000) - Recapitalization of G.E.C., Inc.
Notwithstanding anything contained herein to the contrary, the Excess Tax Distribution shall not be included in determining Chase's Investment Return or Equity Deficit.
The term “Estimated Purchase Price” means the amount resulting from: (i) $227,500,000, minus (ii) Estimated Closing Date Indebtedness, plus (iii) the Estimated Net Working Capital Surplus, if any, minus (iv) the Estimated Net Working Capital Deficit, if any, plus (v) the Estimated Puerto Rico Statutory Equity Surplus, if any, minus (vi) the Estimated Puerto Rico Statutory Equity Deficit, if any, minus (vii) Seller Transaction Expenses.
F-4 Statements of Changes in Stockholders'/Owner's Equity (Deficit) for the Period from January 1, 1997 to July 6, 1997, the Period from July 7, 1997 (Date of Acquisition) to December 31, 1997, and the Years Ended December 31, 1998 and 1999.............................................
F-5 Statements of Changes in Stockholders' Equity (Deficit) for the Period April 1, 1997 (Inception) to December 31, 1997 and the Year Ended December 31, 1998.......................................................
The cash amount equal to the Preliminary Purchase Price (i) plus the Final Net Equity Surplus Amount, if any, or (ii) minus the Final Net Equity Deficit Amount, if any.
F-4 Consolidated Statements of Stockholders' Equity (Deficit) for the Years Ended June 29, 1997, June 30, 1996 and July 2, 1995...................................................
Such amount will be decreased by the Equity Deficit, plus 100,000 CHF for increase in equipment valuation, plus 247,000 CHF for the value of the ▇▇▇▇▇▇ name less all previous Earnout Payments to the Seller.

More Definitions of Equity Deficit

Equity Deficit means the amount, if any, by which the shareholders' equity of CFC (determined in accordance with generally accepted accounting principles consistently applied), as of the effective time of Closing, is less than the Minimum Equity, where the "Minimum Equity" means:

Equity Deficit means 555,000 CHF. "Fixed Operating and Interest Expense Charge" shall mean 621,000 CHF.

Equity Deficit is defined in Section 2.7(b).

Equity Deficit is defined in Section 10.01(a).