Equity Level definition
Examples of Equity Level in a sentence
In the event the net equity reflected on the Pre- Closing Balance Sheet is more than the Minimum Equity Level as of the Closing Date (an "Equity Surplus"), the Merger Consideration will not be increased.
Notwithstanding anything in the Merger Agreement to the contrary, the computation and calculation of net equity of the Company under Section 1.8 of the Merger Agreement (for purposes of determining compliance with the Minimum Equity Level) shall be made after giving full and complete effect to all transactions contemplated in this Amendment (being the loan, dividend, capital contribution and loan repayment).
JDCEC's prior written approval will be required if Dealer wishes to increase its Equity to the Minimum Equity Level in whole or in part by any other means, including without limitation reducing its asset levels or through earnings retained during the 120-day notice period.
If Dealer did not provide the financial statements involved to JDCEC within the time required by Section l.j., Dealer will be deemed to have waived any right to increase its Equity to the Minimum Equity Level.
If Dealer provided the financial statements to JDCEC within the time required by Section l.j., Dealer will have the right to increase its Equity to the Minimum Equity Level, during the 120 day notice period, through the addition of new capital in a form acceptable to JDCEC; if Dealer does increase its Equity to the Minimum Equity Level in this manner within such 120-day period, the notice of termination given under this Section 2.c.ii.
Max Hours Current Wage April 1 3.0% Year 1 Year 2 2.5% Year 3 3.0% Year 4 3.0% 1 0 1,440 $15.46 $15.92 $15.92 $16.32 $16.81 $17.31 2015/2016 – 2015/2016 – Equity Level Min Hours Max Hours Current Wage April 1 3.0% Year 1 Year 2 2.5% Equity Adj.
In the event in a deficiency in the Minimum Equity Level as of the Closing Date as provided in the Merger Agreement, the parties agree to take all action necessary to offset such deficiency (according to the terms of the Merger Agreement) against the consideration payable to the Principal under the Noncompetition Agreement dated effective as of August 2, 1999.
In addition, Dealer's parent, RDO, shall maintain a Minimum Equity Level of 25%.
Year 3 (incl Equity Adj.) Year 4 3.0% 1 0 1,440 $15.74 $16.21 $16.70 $17.12 $0.17 $17.29 $17.81 $0.18 $17.99 $18.53 2 1,441 3,400 $16.00 $16.48 $16.97 $17.39 $0.17 $17.56 $18.09 $0.18 $18.27 $18.82 3 3,401 5,400 $16.80 $17.30 $17.82 $18.27 $0.18 $18.45 $19.00 $0.19 $19.19 $19.76 4 5,401 $17.14 $17.65 $18.18 $18.63 $0.19 $18.82 $19.39 $0.19 $19.58 $20.17 2015/2016 – Equity 2015/2016 – Equity Level Min Hours Max Hours Current Wage April 1 3.0% Year 1 Year 2 2.5% Equity Adj.
If Dealer provided the financial statement to JDCEC within the time required by Section 1.j., Dealer will have the right to increase its Equity to the Minimum Equity Level, during the 120-day notice period, through the addition of new capital in a form acceptable to JDCEC; if Dealer does increase its Equity to the Minimum Equity Level in this manner within such 120-day period, the notice of termination given under this Section 2.c.ii.