Maximum Equity definition

Maximum Equity means, as of any date of determination, the number of shares of Common Stock equal to (a) 9.99% multiplied by (b) the total number of shares of Common Stock outstanding as of the date of this Agreement, rounded down to the nearest whole share of Common Stock; provided, that in all cases Maximum Equity shall be calculated pursuant to Nasdaq Rule 5635(d) and Nasdaq’s official interpretations related thereto, it being the intention of the parties hereto that the shares of Common Stock issued pursuant to this Agreement (together with the shares of Common Stock issued pursuant to any other transaction that may be aggregated with the shares issued pursuant to this Agreement in accordance with Nasdaq rules) not constitute a “20% Issuance”, as such term is defined in Nasdaq Rule 5635(d)(1)(B), as reasonably determined in good faith by Company and LC Provider, and notified in writing to Disbursing Agent and Calculation Agent.
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Maximum Equity has the meaning given to that term in the Project Development Agreement.
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Maximum Equity means: 2 FOURTH AMENDMENT
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Examples of Maximum Equity in a sentence

  • If the product of the Maximum Shares and the Issue Price (the “Maximum Equity Value”) is greater than 10% or more of LMP Stock, then Buyer shall pay Seller cash in an amount equal to the difference between the Maximum Shares and the Maximum Equity Value.

  • In the event Congonhas Minérios’ capital stock has been increased before the occurrence of the Liquidity Event, the Minimum Equity Value and the Maximum Equity Value shall be increased by the same amount of the increased amount of Congonhas Minérios’ capital stock and, as a result, the new amounts calculated as set forth herein shall be considered as the Minimum Equity Value and the Maximum Equity Value.

  • Notwithstanding any other provision of this Agreement, the total aggregate maximum amount of Equity Contributions under this Agreement (including, for the avoidance of doubt, all EPC Equity Contributions and MIPA Equity Contributions) which the Sponsor Equity Investor is obligated to make shall not exceed the Maximum Equity Contribution Amount.

  • All determinations or calculations of any Maximum Equity Component, Adjusted Discount Factor, Shortfall Amount, Aggregate Shortfall Amount, Floor Shortfall and Additional Floor Shortfall and any other determination or calculations the Calculation Agent is permitted or required to make under this Agreement shall for purposes of this Agreement be final, binding and unchallengeable absent manifest error.

  • Notwithstanding the foregoing, nothing contained herein shall be deemed to limit or restrict in any way the right of the Televisa Investors, at any time and from time to time, to convert their non-voting shares of Common Stock into voting shares of Common Stock up to the Maximum Equity Percentage.

  • In addition, GSAM/Whitebox Investors shall not be obligated to fund during the Commitment Period unless and until Bzinfin has funded its Maximum Equity Amount under section 2.

  • If the Borrowers prepay Revolver Advances pursuant to clause (i) of this Section 2.11(g) in an aggregate amount equal to or greater than the Maximum Equity Proceeds Prepayment Amount, then Sections 2.11(f) and 2.11(g) shall cease to have effect and no further prepayments of Revolver Advances shall be due under either section and Section 5.41 shall cease to have effect.

  • Notwithstanding anything else in this Agreement or any other document, Berkshire’s liability in respect of this Agreement is limited to the Maximum Equity Amount.

  • If the Closing Equity is greater than $28,200,000 (“Maximum Equity”) then the Per Share Merger Consideration shall be increased dollar for dollar by the difference between the Maximum Equity and the Closing Equity.

  • Each Daily Gap Risk Report shall reflect the Fund Value, Bond Floor, Aggregate Equity Exposure, Gap Risk and Maximum Equity Exposure of the Fund as of the close of business on the Business Day in respect of which such Daily Report is issued.


More Definitions of Maximum Equity

Maximum Equity shall be alphabetically inserted in SECTION 1.1 to read, as follows:
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Related to Maximum Equity

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Maximum mass means the maximum mass stated by the vehicle manufacturer to be technically permissible (this mass may be higher than the "permissible maximum mass" laid down by the national administration).

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.