Gross Equity definition

Gross Equity for any period means (A) the sum of (i) the “Total Equity,” plus (ii) the value of contributions made by partners other than the Company, from time to time, to the capital of any Subsidiary (reduced proportionately in the case of a Subsidiary to the extent that the Company owns, directly or indirectly, less than 100% of the equity interests in such Subsidiary), less (B) any capital dividends or capital distributions made by the Company to its stockholders or, without duplication, by any Subsidiary to its stockholders, partners or other equity holders. As used herein, the term “Total Equity” shall mean (i) the equity transferred by Newcastle Investment Corp. on the Distribution Date, plus (ii) the total net proceeds to the Company from any common or preferred equity capital heretofore or hereafter raised by the Company or any Subsidiary of the Company (exclusive, with respect to any Subsidiary, of capital of such Subsidiary consisting of a capital contribution or other form of capital investment made by the Company or another Subsidiary of the Company).

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Gross Equity means Net Equity plus Guaranteed Debt plus loans to Southern Power Company from its parent corporation.

Gross Equity for any period means (A) the sum of (i) the “Total Equity,” plus (ii) the value of contributions made by partners other than the Company, from time to time, to the capital of any Subsidiary (reduced proportionately in the case of a Subsidiary to the extent that the Company owns, directly or indirectly, less than 100% of the equity interests in such Subsidiary), less (B) any capital dividends or capital distributions (calculated without regard to depreciation and amortization) made by the Company to its stockholders or, without duplication, by any Subsidiary to its stockholders, partners or other equity holders. As used herein, the term “Total Equity” shall mean (i) the equity invested by Newcastle Investment Corp. in the assets of the Company as of the Distribution Date, plus (ii) the total net proceeds to the Company from any common or preferred equity capital hereafter raised by the Company or any Subsidiary of the Company (exclusive, with respect to any Subsidiary, of capital of such Subsidiary consisting of a capital contribution or other form of capital investment made by the Company or another Subsidiary of the Company).

Examples of Gross Equity in a sentence

Payment of the Outstanding Indebtedness shall, where required by the Distribution Licensee, be in exchange for a transfer or assignment to the Distribution Licensee (or its nominees) of all rights, title and interest in the Initial Financing Documents (other than those in respect of the Sponsors Gross Equity Contribution), documented and evidenced to the satisfaction of the Distribution Licensee.
SER = the sum of all Sponsors Gross Equity Repayment paid on or prior to the Calculation Date.
SEC = the sum of all Sponsors Gross Equity Contribution paid to the Feed-in Approval Holder prior to the Calculation Date.
Notwithstanding the foregoing, for such period of time from the commencement of this Agreement until the date that Gross Equity Raised is $50.0 million or more, the monthly Base Management Fee shall be equal to 1/12th of 1% of the Gross Equity Raised without regard to the Annual Minimum Fee.
For services rendered under this Agreement, commencing after the end of the first month of business, the REIT shall pay to the Manager each month in arrears (by wire transfer of immediately available funds) compensation equal to 1/12th of the sum of (a) 1.5% of the Gross Equity Raised up to $1 billion plus (b) 1.0% of the Gross Equity Raised in excess of $1 billion (the “Base Management Fee”) within one (1) Business Day after the end of such month.
In the event that the Sub-Manager disputes the calculation of the Final Payment (including the calculation of the applicable Sub-Manager Base Management, Fee Base Management Fee, and Gross Equity Raised), the Sub-Manager and the Manager will use commercially reasonable efforts, and negotiate in good faith, to promptly reach agreement as to the correct calculation of the Final Payment.
Each of the Manager and the REIT shall cause its representatives to be available, during normal business hours and upon reasonable notice, to the Sub-Manager to review the calculation of the Final Payment (including the applicable Sub-Manager Base Management Fee, Base Management Fee, and Gross Equity Raised).
All amounts paid, or caused to be paid, by one Party or its Affiliates to another Party or its Affiliates pursuant to this Agreement (other than interest in accordance with Section 7.11 hereof, but including amounts payable under Article VIII hereof) shall be treated by the Parties as an adjustment to the Gross Asset Purchase Price or Gross Equity Purchase Price, as applicable, to the extent permitted by Law.
Borrowers shall not permit the Consolidated Tangible Net Worth of the Guarantor and Borrowers to be less than the sum of (i) eighty-five percent (85%) of the Consolidated Tangible Net Worth of Guarantor and Borrowers as of the date of this Agreement, plus (ii) seventy-five percent (75%) of the Gross Equity Raise occurring after the date of this Agreement.
First Party’s Property Value for Exchange: $ Gross Equity: $ Second Party’s Property Value for Exchanges: $ Gross Equity: $ In addition to the exchange of the First Party’s Property for the Second Party’s Property, the Party shall pay, at closing, to the Party, the amount of $ .

More Definitions of Gross Equity

Gross Equity for any period means (A) the sum of (i) the “Total Equity,” plus (ii) the value of contributions made by partners other than the Company, from time to time, to the capital of any Subsidiary (reduced proportionately in the case of a Subsidiary to the extent that the Company owns, directly or indirectly, less than 100% of the equity interests in such Subsidiary), less (B) any capital dividends or capital distributions (calculated without regard to depreciation and amortization) made by the Company to its stockholders or, without duplication, by any Subsidiary to its stockholders, partners or other equity holders. As used herein, the term “Total Equity” shall mean (i) the equity invested by Newcastle Investment Corp. in the assets of the Company (including total cash contributed to the Company) as of the Distribution Date, plus (ii) the aggregate offering price of any common or preferred equity capital hereafter raised by the Company or any Subsidiary of the Company (exclusive, with respect to any Subsidiary, of capital of such Subsidiary consisting of a capital contribution or other form of capital investment made by the Company or another Subsidiary of the Company).

Gross Equity for any period means (A) the sum of (i) the “Total Equity,” plus (ii) the value of contributions made by partners other than the Company, from time to time, to the capital of any Subsidiary (reduced proportionately in the case of a Subsidiary to the extent that the Company owns, directly or indirectly, less than 100% of the equity interests in such Subsidiary), less (B) any capital dividends or capital distributions made by the Company to its stockholders or, without duplication, by any Subsidiary to its stockholders, partners or other equity holders. As used herein, the term “Total Equity” shall mean (i) the equity transferred from Newcastle Investment Holdings Corp. at the inception of the Company, plus (ii) the amount of accumulated depreciation on the real estate assets transferred (as directly or indirectly held

Gross Equity for any period means (A) the sum of (i) the "Total Equity," plus (ii) the value of contributions made by partners other than the Company, from time to time, to the capital of any Subsidiary (reduced proportionately in the case of a Subsidiary to the extent that Fortress Partners owns, directly or indirectly, less than 100% of the equity interests in such Subsidiary), less (B) any capital dividends or capital distributions made by the Company to its stockholders or, without duplication, by any Subsidiary to its stockholders, partners or other equity holders. As used herein, the term "Total Equity" shall mean the total net proceeds to the Company from any common equity capital heretofore or hereafter raised by the Company or any Subsidiary of the Company (exclusive, with respect to any Subsidiary, of capital of such Subsidiary consisting of a capital contribution or other form of capital investment made by the Company or another Subsidiary of the Company). In furtherance and not in limitation of the foregoing, the "anti-double counting" provision contained in the parenthetical in the immediately foregoing sentence shall be specifically applicable to the Investment in the Fund, implemented through appropriate charges and credits.

Gross Equity for any period means (A) the sum of (i) total equity capital raised by the Company, including, without limitation, the net proceeds of the Offering contemplated by the Offering Memorandum and the net proceeds of any subsequent offering of Common Stock or Preferred Stock by the REIT, plus (ii) the value of contributions made by partners other than the REIT, from time to time, to the capital of the Operating Partnership or any other Subsidiary (reduced proportionately in the case of a Subsidiary to the extent that the Operating Partnership owns, directly or indirectly, less than 100% of the equity interests in such Subsidiary), less (B) any capital dividends or capital distributions made by the REIT to its stockholders. The Manager will not receive any Management Fee for the period prior to the Closing Date.

Gross Equity for any period means (A) the sum of (i) the Total Equity, plus (ii) the value of contributions made by partners other than the REIT, from time to time, to the capital of the Operating Partnership or any other Subsidiary (reduced proportionately in the case of a Subsidiary to the extent that the Operating Partnership owns, directly or indirectly, less than 100% of the equity interests in such Subsidiary), less (B) any capital dividends or capital distributions made by the REIT to its stockholders or, without duplication, by the Operating Partnership to its partners. The Manager will not receive any Management Fee for the period prior to the Closing Date.