Member Equity definition

Member Equity means the value of all cash, investments, real estate, accounts receivable and real property held at the end of a fiscal year in excess of expenses.

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Member Equity means (a) total assets of the Company minus (b) total liabilities of the Company, each as determined in accordance with GAAP, provided that, for the purpose of this definition, the mortgage servicing rights portfolio of MAV will be valued by an independent third-party valuation firm based on the Designated Servicing Multiple.

Member Equity means that portion of the proceeds of the offering evidenced by the Disclosure Statement which members of the Borrower have elected to convert to membership units.

Examples of Member Equity in a sentence

Any Transfer by an Equity Owner in violation of the foregoing shall be deemed a breach of this Agreement by the Member in which such Equity Owner holds Member Equity Interests.
Except to the extent described on Schedule 2.4.3, there are no equity holder agreements, voting agreements, proxies, or other similar agreements or understandings with respect to the Member Equity Interests.
Upon request, a copy will be provided to the CAPT Chapter Executive Committee.
At the Closing, the Emdeon Entities shall deliver to the Escrow Agent under the Escrow Agreement, for deposit into an escrow fund on behalf of the Company Member Equity Recipients, $4,750,000 of the Base Cash Consideration (the “Escrowed Cash”) and 758,000 of the Base EBS Master Units (the “Escrowed EBS Master Units”), and, together with the Escrowed Cash, the “Escrowed Consideration”) that, in each case, was otherwise payable to the Company Member Equity Recipients.
Pursuant to the Escrow Agreement, the Escrowed Consideration shall be distributed to the Members’ Representative, for the benefit of the Company Member Equity Recipients, and/or the Emdeon Entities, pursuant to the terms of the Escrow Agreement.
To the Knowledge of the Emdeon Entities, the private placement memorandum delivered prior to the date hereof to the Company Member Equity Recipients in connection with the contemplated issuance of the EBS Master Units pursuant to the terms of this Agreement does not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
The Sellers’ Representative shall prepare and file all Tax Returns for NewCo and the Sellers shall pay, or shall cause NewCo to pay, all Taxes in connection therewith or which are otherwise owed by NewCo. Sellers shall, or shall cause NewCo to, reimburse the Purchaser, the Company and their Affiliates for any withholding Taxes imposed on such parties with respect to the direct and indirect transfers of the shares of Alila pursuant to this Agreement or the Unaffiliated Member Equity Purchase Agreement.
For purposes of this Agreement, the “Estimated Closing Payment” means an amount determined as the sum of (i) 15% multiplied by the Member Equity as of the month-end prior to the Closing Date (or the month-end of the month immediately preceding the month-end prior to the Closing Date, if the Closing Date occurs during the first five (5) days of a calendar month), plus (ii) $15,000,000.
The Company will not do any Distribution if such Distribution would cause the Company’s Member Equity to be less than the Minimum Equity after giving effect to such Distribution.
If at any time or from time to time, an option to purchase shares of Class A Common Stock that was granted under any Managing Member Equity Plan to an employee or other service provider of the Company or its Subsidiaries (or any stock appreciation right or similar award, collectively, a “Stock Option”) is duly exercised: 4.

More Definitions of Member Equity

Member Equity means (a) total assets minus (b) total liabilities (including accrued compensation for paid time off and all fees and expenses of the Sellers in connection with the transactions contemplated by the Agreement).

Member Equity means the equity interests of each Member in the Cooperative that are determined and fixed in the proportion that the patronage of each Member bears to the total patronage of all Members and may include common stock, patronage certificates, written notices of allocation, Per-Unit Retain Certificates or other similar equity interests authorized by the Board of Directors from time to time, having the rights and obligations and subject to the terms and conditions as may be set forth in this Article IV.

Member Equity means the amounts available to be distributed to each Distributee Member in forms other than cash held by FTD for the account of each Distributee Member as of June 30, 1994, plus such amounts as shall be distributable in cash or written notices of allocation to each Distributee Member for the fiscal year ended June 30, 1994, plus the Stub Period Member Equity less any amount paid by FTD from the equity account of such Distributee Member to, or on behalf of, such Distributee Member in cash on or after July 1, 1994 through the Effective Time. Member Equity does not include any amount of the Credit Deposit Fund.

Member Equity means [to come].

Member Equity means any Pecuniary Interest or any direct or indirect equity interest in a Member.

Member Equity means the equity interests of each Member in the Cooperative that are determined and fixed in the proportion that the patronage of each Member bears to the total patronage of all Members and may include memberships, written notices of allocation, or other similar equity interests authorized by the Board of Directors from time to time.