Liquidation Surplus definition

Liquidation Surplus means seventy-five percent (75%) of the amount by which the Liquidation Proceeds exceed $490,000,000.
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Liquidation Surplus means all amounts available for the FCC after payments of all interest due under the Units and all the principal of the Units;
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Examples of Liquidation Surplus in a sentence

  • Any Liquidation Surplus (boni de liquidation) shall be paid to the holder of the Subordinated Units as final payment of principal and interest of the said Subordinated Units.

Related to Liquidation Surplus

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,