Equity of the Issuer definition

Equity of the Issuer means the total shareholders' equity of the -------------------- Issuer, including all series of Preferred Stock, determined in accordance with generally accepted accounting principles.

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Equity of the Issuer means the total shareholders' equity of the Issuer, determined in accordance with generally accepted accounting principles. The amount of Equity of the Issuer represented by any Warrant Shares shall be determined by subtracting from total Equity of the Issuer the aggregate amount distributable as a preference upon dissolution of the Issuer to the holders of any then outstanding shares of any class or series of preferred stock (other than the Convertible Preferred Stock), dividing the balance obtained by the number of shares of Common Stock then outstanding or issuable upon conversion of any Convertible Preferred Stock then outstanding, and multiplying that per share amount by the aggregate number of Warrant Shares.

Equity of the Issuer means the total shareholders' equity of the Issuer, determined in accordance with generally accepted accounting principles. The amount of Equity of the Issuer represented by any Warrant Shares shall be determined by subtracting from total Equity of the Issuer the aggregate amount distributable as a preference upon dissolution of the Issuer to the holders of any then outstanding shares of any class or series of preferred stock, dividing the balance obtained by the number of shares of Common Stock then outstanding and multiplying that per share amount by the aggregate number of Warrant Shares.

Examples of Equity of the Issuer in a sentence

• The Issuer will not, and will not permit any of its Subsidiaries to, directly or indirectly, incur or permit to exist, or enter into an agreement to permit to exist, any Lien on any Equity of the Issuer or its Subsidiaries, other than the Liens in favor of the Collateral Agent.

• All of the Pledged Equity of the Issuer described on Schedule I has been duly authorized and validly issued and is fully paid and all capital contributions, if any, required to be made with respect to the issuance of such Pledged Equity have been made.

• All of the outstanding Equity of the Issuer is owned, of record by FNIC and beneficially, by FNHC and its stockholders, free and clear of all Liens.

• All of the outstanding Equity of the Issuer has been duly authorized and is validly issued, fully paid and nonassessable.

• If the Issuer is divided, all companies arising from the division shall be jointly and severally liable for the obligations stipulated in this Agreement, even though it may be stipulated among them that the obligations to pay the Bonds shall be proportional to the amount of Equity of the Issuer allocated to each thereof under the division or some other proportion and further notwithstanding the lawful agreements they may make with the Representative.

• Except as set forth on Schedule 4.5(a), there is no voting trust or other Contract (other than this Agreement) to which any Issuer Party is a party or is bound with respect to the voting, registration or transfer of the Equity of the Issuer.

• The Adjusted Shareholders' Equity of the Issuer shall be no less than $15.25 million.

• Schedule 4.5(a) lists the authorized and outstanding Equity of the Issuer and FNIC, as well as the name of each record holder of such Equity and the number and class of such Equity held by such holder.

More Definitions of Equity of the Issuer

Equity of the Issuer means the total shareholders' equity of the -------------------- Issuer, determined in accordance with generally accepted accounting principles. The amount of Equity of the Issuer represented by any Warrant Shares shall be determined by subtracting from total Equity of the Issuer the aggregate amount distributable as a preference upon dissolution of the Issuer to the holders of any then outstanding shares of any class or series of preferred stock (other than the Convertible Preferred Stock), dividing the balance obtained by the sum of the number of shares of Common Stock then outstanding and the number of shares of Common Stock issuable upon conversion of any Convertible Preferred Stock then outstanding, and multiplying that per share amount by the aggregate number of Warrant Shares.