Excess Capital means, with respect to any Partner for any relevant Quarter, the excess, if any, of (i) such Partner’s Excess Capital Contributions, over (ii) the aggregate amount of distributions made to such Partner pursuant to Section 6.2.
Excess Capital has the meaning set forth in Section 6.
Excess Capital has the meaning set forth in Section 1.1(d).
Examples of Excess Capital in a sentence
The Percentage Equity Interest and Percentage Voting Interest of any Partner making an Excess Capital Contribution shall not be adjusted as a result of such Excess Capital Contribution.
During the 2008 financial crisis, Excess Capital dropped by 25% and ROC was−1% , but the risk limits have been consistently met since 2010.Explain how Millennium’s ERM department should have viewed this failure to satisfy the RAS and what actions, if any, should have been taken.
Excess Capital statement (item I) limits riskiness of liabilities and/or investments.
Excess Capital Differential The term “Excess Capital Differential” means the amount by which a Netting Member’s VaR Charge exceeds its Excess Capital.
Excess Capital Ratio The term “Excess Capital Ratio” means the quotient, rounded to the nearest two decimal places, resulting from dividing the amount of a Netting Member’s VaR Charge by the amount of its Netting Member Capital that it maintains.
More Definitions of Excess Capital
Excess Capital means the sum of (i) the difference between (A) the sum of (x) the aggregate amount of any Indebtedness for borrowed money incurred by any Affiliated Company from any Person other than an Affiliated Company after the date hereof (other than Indebtedness under the Credit Agreement, Indebtedness incurred to Refinance other Indebtedness, un-drawn amounts under revolving credit facilities and amounts drawn under any revolving credit facility to the extent such amounts have previously been borrowed and repaid), net of any fees and expenses incurred in connection therewith, plus (y) the proceeds received by an Affiliated Company from any Person other than an Affiliated Company after the date hereof from the sale of capital stock of such Affiliated Company (other than the proceeds received from officers, directors or employees of any of the Affiliated Companies upon exercise of stock options or issuances of restricted stock and from the exercise of outstanding warrants), net of any fees and expenses incurred in connection therewith, minus (B) $5,000,000, plus (ii) the difference between (I) the after-tax proceeds received by any of the Affiliated Companies from any Person other than an Affiliated Company after the date hereof from the sale of assets (other than sales of assets in the ordinary course of business), net of any fees and expenses incurred in connection therewith, minus (II) $5,000,000.
Excess Capital shall have the meaning given to that term in Section 2.2.
Excess Capital means the excess (if any) of (a) the aggregate amount of Deposited Funds (if any) over (b) amounts owing (or to be owed) in respect of Secured Obligations which by their terms are senior to the Junior Obligations;
Excess Capital means the amount (if any) by which the Estimated Closing TBV exceeds the Target Closing TBV.
Excess Capital means the amount (if any) by which the Estimated Closing TBV exceeds the Target Closing TBV. “Excess Capital Amount” has the meaning set forth in Section 5.16. “Exchange Act” means the Securities Exchange Act of 1934. “Excluded Assets and Liabilities” has the meaning set forth in Section 5.14(a). “Excluded Assets and Liabilities Transfer” has the meaning set forth in Section 5.14(a). “Excluded Customer” means any customer that is (a) a private equity or other fund sponsor and its individual funds and portfolio companies or (b) a Japanese Corporate
Excess Capital means, during any fiscal year, the aggregate amount of Equity Proceeds and Net Proceeds from the issuance of Indebtedness permitted to be incurred under this Agreement (other than any proceeds of the Initial Permitted Financing (including the Senior Unsecured Facility) and the Loans) received during such year and not required to be applied to prepay Term Borrowings pursuant to Section 2.10.
Excess Capital means the proceeds received by Borrower (net of direct, reasonable and reasonably documented transaction expenses) in connection with the issuance of any indebtedness or equity by Borrower through a public or private placement of its securities, whether registered or exempt from registration, in excess of $150,000,000.00 in the aggregate from and after the date hereof. For the absence of doubt, proceeds received by shareholders as a result of their selling any shares owned by them in any such public or private placement shall not be included as “Excess Capital”.