Excess Equity definition

Excess Equity means value of the Equity Balance, less the level of Initial Margin required on a client’s derivatives position(s) (i.e. Excess Equity = Equity Balance – Initial Margin Requirement).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Excess Equity means the Equity held by any Client exceeding the maintenance rate required by the Company.

Excess Equity. PROCEEDS: as of any date of determination, the excess of (A) the aggregate amount of the net cash proceeds received by the Company from the sale of its stock (other than pursuant to the exercise of employee stock options or warrants) during the period from June 30, 1999 to and including the date of determination, over (B) the amount of Superior Debt of the Company prepaid (and the related loan commitment permanently reduced) with such cash proceeds.

Examples of Excess Equity in a sentence

• For the avoidance of doubt, Excess Equity may, at the discretion of MS&Co., be determined after taking into account any rights of set-off, netting and any other application of Customer’s cash balances to its obligations owed to MS&Co. (or, if applicable, its affiliates) to the extent permitted under the Futures Agreement.

• MS&Co. shall then subtract the Withholding Amount from the Excess Equity.

• Borrower shall prepay the Line of Credit in an amount equal to ten percent (10%) of Excess Equity Proceeds not more than two (2) business days after any Excess Equity Proceeds are received, and the Line of Credit shall be permanently reduced on such date by the amount of prepayment required by this sentence.

• Notwithstanding the foregoing, to the extent that the Lender holds a Foreign Subsidiary Certificate which reflects an Excess Equity Interest, Lender may receive and collect all Liquidation Dividends payable in connection with the entire Foreign Subsidiary Certificate.

• Lender shall refund to Debtor any Liquidation Dividends allocable to the Excess Equity Interest.

• Upon any sale of such Certificate, Lender will release to Debtor any consideration received in return for the sale of the Excess Equity Interest.

• Upon any sale of such Certificate, Administrative Agent will release to Debtor any consideration received in return for the sale of the Excess Equity Interest.

• Upon any sale of such Certificate, Agent will release to Debtor any consideration received in return for the sale of the Excess Equity Interest.

• To the extent that Administrative Agent holds any Foreign Subsidiary Certificate which reflects an Excess Equity Interest, Administrative Agent may foreclose on such certificate in any manner permitted by applicable law or as specified in this Section 8 as regards any item of Collateral.

• To the extent that Agent holds any Foreign Subsidiary Certificate which reflects an Excess Equity Interest, Agent may foreclose on such certificate in any manner permitted by applicable law or as specified in this Section 8 as regards any item of collateral.

More Definitions of Excess Equity

Excess Equity means value of the Equity Balance, less the level of Initial Margin required on a customer’s futures position(s) (Excess Equity = Equity Balance

Excess Equity means a portion of Assets of the Client that is in excess of the amount required to be maintained at the rate prescribed by the Company. “Assets of the Client” (other than the Derivatives Trading) means the net assets of the Client after deducting any Obligation that the Client owes the Company. “Assets of the Client” (specifically for the Derivatives Trading) means any money and other assets that the Client deposits with the Company for the repayment of its debts and/or as collateral under this Agreement, including any benefit arising from the said assets.

Excess Equity has the meaning set forth in Section 5.2(a).

Excess Equity means at any time, the difference between (but not less than zero) (A) the sum of (x) the aggregate Fair Market Value of Eligible Pledged Securities at such time, plus (y) the aggregate Fair Market Value of Eligible Pledged Advances at such time, plus (z) the aggregate amount of cash and Permitted Investments on deposit in the Collateral Account at such time, and (B) the sum of (x) the aggregate outstanding principal amount of the Loans at such time, plus (y) the aggregate amount of all Letter of Credit Outstandings at such time.

Excess Equity small mean the excess of the amount of the stockholders equity on the Closing Date Balance Sheet over $545,316, if any.