Minimum Net Capital definition

Minimum Net Capital means, as of the Closing, an amount equal to the greatest of (a) 120% of OCMI’s required minimum net capital, (b) 10% of the OCMI’s aggregate indebtedness, with each of (a) and (b) calculated in accordance with Rule 15c3-1 under the 1934 Act based on the amount of excess net capital and deductions reported in OCMI’s then most recently filed Form X-17A-5, and (c) the minimum amount of net capital required by FINRA to be held by OCMI as of the Closing (calculated without regard to any capital required to fund any activities of OCMI after the Closing other than the continuation of the activities it conducted with respect to its business prior to the Closing Date), plus, in each case, $25,000;
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Minimum Net Capital means the minimum amount of Capital required by (a) FINRA and (b) any of the SM Companies’ or HWG’s clearing firms or regulatory authorities, to operate such company individually as contemplated post-Closing. To the extent that the Capital required by clause (b) is inclusive of Capital required by clause (a), such Capital shall not be double- counted. For the avoidance of doubt, in the event that FINRA requires $250,000 of Capital and the clearing firms of SMH require $500,000 of Capital (including the Capital required by FINRA), Minimum Net Capital shall only include $500,000 of Capital.
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Minimum Net Capital means, as to any Person, the minimum amount of net capital required to be maintained in respect of such Person pursuant to applicable laws, rules and regulations, including, without limitation, those of the SEC and the NASD concerning requirements of net capital, as such term is defined in Rule 15c3-1.
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Examples of Minimum Net Capital in a sentence

  • Minimum Net Capital Requirement – a Member must have Minimum Net Capital of$10million.

  • Each Broker shall have, as of the Closing Date, sufficient net capital to meet its then current Minimum Net Capital Requirement.

  • Securities Corp shall have, as of the Closing Date, sufficient net capital to meet its then current Minimum Net Capital Requirement.

  • See also section VI of this release (discussing costs and benefits of the increases in the capital requirements for ANC broker-dealers).levels and that any new ANC broker-dealer entrants maintain capital levels commensurate with their peers.Comments and Final Fixed-Dollar Minimum Net Capital Requirements Some commenters expressed support for the proposed fixed-dollar minimum tentative net capital and net capital requirements.

  • Describe public service projects (2 points):The Texas Government Affairs Committee reviewed and provided comments on five (5) legislative bills at the request of House Member Representatives in the spring and summer of 2021.On 5/21/2021 IRC Chair Mark Boyd gave a virtual presentation to theDFW Association of Business Economics on how they can use the Texas IRC in their line of work to improve infrastructure funding.

  • Straits Financial Data The following information is as of January 31, 2021: • Total Equity or Net Worth $35,613,119 • Minimum Net Capital Required $11,788,036 • Adjusted Net Capital $27,700,678 • Excess Net Capital $15,912,642 Straits’ annual audited financial statements may be found at the following website address: http://www.straitsfinancial.com/us/en.

  • Minimum Liquid Networth (creditworthiness) & Minimum Net Capital balance (solvency).

  • Tentative net capital in excess of 120% of minimum tentative net capital requirements reported on Line 2 ...................$012064Calculation of Minimum Net Capital Requirement 5.

  • Regulatory AuthoritySubject Matter/AllegationsBrief of Orders/FindingsPresent StatusFinancial IndustryRegulatory Authority (FINRA) United StatesThe Firm registered as a broker dealer, for a period of time, missed to meet the regulatory minimum net capital requirement, due to an inadvertent miss - classification of receivables in books of accounts.Settled the matter with payment of USD 15,000 to FINRA.Complied and Minimum Net Capital Requirement is thereafter properly maintained.

  • Minimum Net Capital Requirement The first proposed amendment w as to delete one of the two methods by which FCMs compute minimum required levels of adjusted net capital (17 CFR 1.17(a)(1) (1980)).

Related to Minimum Net Capital

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

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

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Minimum Number means 3% of the number of outstanding shares of common stock of the Corporation as of the most recent date for which such amount is given in any filing by the Corporation with the Securities and Exchange Commission prior to the submission of the Nomination Notice.

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Total Capital means Retained Earnings, the amount paid-in for Capital Stock, the amount of any general allowance for losses, and the amount of other instruments that the FHFA has determined to be available to absorb losses incurred by the Bank.

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Target Net Working Capital Amount means $5,000,000.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Target Net Working Capital means $0.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Invested Capital means the amount calculated by multiplying the total number of Shares purchased by Stockholders by the issue price at the time of such purchase, reduced by the portion of any Distribution that is attributable to Net Sales Proceeds and by any amounts paid by the Company to repurchase Shares pursuant to the Company’s plan for the repurchase of Shares.

  • Adjusted Capital means cumulative gross proceeds generated by the Corporation from sales of shares of Common Stock (including proceeds from the Corporation’s distribution reinvestment plan) reduced for amounts paid for share repurchases pursuant to the Corporation’s share repurchase program. The calculation of the Subordinated Incentive Fee on Income for each quarter is as follows: