Minimum Equity definition

Minimum Equity shall have the meaning set forth in Section 1.06(a)(vii).

Minimum Equity has the meaning set forth in Clause 3.5.1(iii).

Minimum Equity means $44,820,793.

Examples of Minimum Equity in a sentence

• Equity Investments, which, to the extent constituting Stock other than common Stock, shall be on terms and conditions and pursuant to documentation reasonably satisfactory to the Joint Lead Arrangers and Bookrunners to the extent material to the interests of the Lenders, in an amount not less than the Minimum Equity Amount shall have been made.

• Minimum Equity Ratio means the portion of the Net Asset Value of a Fund that is exposed to the performance of equity securities.

• Equity Investments, which, to the extent constituting Capital Stock other than common Capital Stock, shall be on terms and conditions and pursuant to documentation reasonably satisfactory to the Joint Lead Arrangers and Bookrunners to the extent material to the interests of the Lenders, in an amount not less than the Minimum Equity Amount shall have been made.

• The Funds may also enter into securities lending for the purpose of efficient portfolio management and this may reduce the Minimum Equity Ratio of the Funds.

• As of the date of this Prospectus, the Funds of the Company intends to qualify as an equity fund with a Minimum Equity Ratio of 85% (unless otherwise listed below) in accordance with section 2 paragraph 6 of the German Investment Tax Act.

More Definitions of Minimum Equity

Minimum Equity means, in respect of the relevant financial period, "total assets", as shown in the relevant Accounting Information, less the Consolidated Indebtedness.

Minimum Equity means $20,000,000.

Minimum Equity means, at any time, the sum of the following: (i)(x) (as of the Starting Date) Base Minimum Equity and (y) (for the period following the Starting Date) Minimum Equity as of the last day of the immediately preceding fiscal year (or for each fiscal quarter following and in the same fiscal year as an Equity Issuance Quarter, the Alternate Minimum Equity as of the end of such preceding Equity Issuance Quarter), (ii) 50% of each fiscal quarter's Consolidated Net Income, if such quarter's Consolidated Net Income is positive, earned since the end of the immediately preceding fiscal year (or if Alternate Minimum Equity is used in clause (i) above, then earned after the end of such preceding Equity Issuance Quarter), and (iii) 50% of all proceeds realized by Hovnanian from the issuance of any Equity Securities after the immediately preceding fiscal year-end (or if Alternate Minimum Equity is used in clause (i) above, then realized after the end of such preceding Equity Issuance Quarter), except that at the end of any Equity Issuance Quarter, Minimum Equity shall be equal to Alternate Minimum Equity. Notwithstanding the provisions of clause(ii) above, the calculation under such clause(ii) for the final quarter of each fiscal year shall take into account 50% of all Consolidated Net Income (but only if such amount is positive) earned in such fiscal year.

Minimum Equity means, as of the end of any Fiscal Month, a fraction (expressed as a percentage) (a) the numerator of which is the aggregate Unpaid Balance of the Receivables in which the Administrative Agent has an interest which are not Defaulted Receivables minus the Net Investment and (b) the denominator of which is the aggregate Unpaid Balance of the Receivables in which the Administrative Agent has an interest which are not Defaulted Receivables.

Minimum Equity means $75 million.

Minimum Equity means any Voting Securities in SVG or SVGL. It is understood that any shares of Common Stock or other Voting Securities acquired or reacquired by IBM after March 18, 1997 will, upon such acquisition or reacquisition, be deemed to be owned beneficially by IBM for the purpose of determining whether IBM holds the applicable Minimum Equity.

Minimum Equity has the meaning set forth in Section 5(g)-Permitted Distributions of the Disclosure Schedule.