Senior Equity definition

Senior Equity is defined in Annex A.
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Senior Equity means Equity Securities of the Company that (A) rank senior to or equally with the Class P Units (including for the avoidance of doubt any Class P Units issued after the date hereof, other than in-kind distributions in respect of the Class P Units issued on the Closing Date) (x) with respect to distributions or (y) upon Liquidation or (B) are mandatorily redeemable (other than Equity Securities required pursuant to contractual obligations to be repurchased from any future, present or former employee, director, officer or consultant not Affiliated with any Sponsor Member (or any estate planning vehicle, spouses, former spouses, other immediate family members, successors, executors, administrators, heirs, legatees or distributees of any of the foregoing) in connection with such Person’s termination of services with the Company or its Subsidiaries (including repurchases of membership interests or other Equity Securities of a Management Holdco held by any such Person), or otherwise in accordance with the Company’s equity incentive, employment or equityholders’ arrangements, provided that (i) this parenthetical shall not be available for repurchases of equity held by Xxxxx Xxxxxxx or Xxxxxxx Xxxxxxxxx and (ii) such payments contemplated by this parenthetical, measured at the time made, do not exceed the amount then permitted by the first proviso to Section 10(a)(vi), after giving effect to the second proviso thereof). For the avoidance of doubt, the right to, or provision for, Permitted Priority Distributions with respect to a Unit shall not cause such Unit to be Senior Equity.
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Senior Equity means the Series A Preferred and any other class or series of capital stock of the Company ranking senior to the Convertible Preferred.
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Examples of Senior Equity in a sentence

  • Mr. Anand Laddha, Senior Equity Analyst, who is a Key Personnel of HDFC AMC shall be redesignated as Fund Manager for Overseas Investments and Senior Equity Analyst.

  • Yenwy also been a Senior Equity Analyst at Manulife Asset Management Indonesia in 2008, Equity Analyst at Bahana Securities in 2005, and Wachovia Securities in the USA in 2003.

  • Mr. Chirag Dagli, shall cease to be Fund Manager for Overseas Investments and Senior Equity Analyst and Key Personnel of HDFC AMC with effect from close of business hours on october 20, 2020 and his details in the SIDs / KIMs / SAI shall stand deleted.All other terms & conditions of the Schemes of the Fund will remain unchanged.This addendum shall form an integral part of the SIDs / KIMs / SAI as amended from time to time.

  • During the year, we promoted several team members in recognition of the exceptional quality of their work, including: Sam Koch to Senior Equity Analyst, Martyn McCathie to Investment Specialist and Camilla Cox and Olivia Harris to Senior Corporate Affairs Advisors.Our team continues to grow and we were pleased to welcome several new additions to the Wilson Asset Management Family, including in our Investment, Corporate Affairs, Finance, People and Culture, Distribution and Operations teams.

  • Chirag talati has been appointed as the Senior Equity Analyst of HDFC Asset Management Company Limited (“HDFC AMC”) with effect from november 25, 2020 and is a Key Personnel of HDFC AMC.The following changes are made to the section ‘Information on Key Personnel’ appearing in the Statement of Additional Information (“SAI”) of HDFC Mutual Fund (“the Fund”): nameage (yrs.)designationeducational Qualificationstotal no.

  • Priya ranjan has been appointed as the Senior Equity Analyst of HDFC Asset Management Company Limited (“HDFC AMC”) with effect from november 17, 2020 and is a Key Personnel of HDFC AMC.The following changes are made to the section ‘Information on Key Personnel’ appearing in the Statement of Additional Information (“SAI”) of HDFC Mutual Fund (“the Fund”): nameage (yrs.)designationeducational Qualificationstotal no.

  • Herman Koeswanto, CFA, Investment Management Team Members Herman joined PT Ashmore Asset Management Indonesia in May 2015 as a Senior Equity Analyst.

  • Anand Laddha, Senior Equity Analyst & Equity Dealer (Back-up) and a Key Personnel of HDFC AMC has ceased to be Equity Dealer (Back-up) from the Effective Date and shall be re-designated as Senior Equity Analyst.

  • Formerly, Senior Equity Analyst, BA Investment Management Company (1983-1985).Trustee Since 2014 Principal at George J.

  • Comply with all additional stipulations placed on the license by the Department, as authorized under R12-4-409(H).

Related to Senior Equity

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Senior Enhancement Percentage With respect to any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Certificate Balance of the Subordinated Certificates and (ii) the Subordinated Amount (in each case after taking into account the distributions of the Principal Distribution Amount for such Distribution Date) by (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date.

  • Or Equal In all Bid Specifications the words “or equal” are understood to apply where a copyrighted, brand name, trade name, catalog reference, or patented Product is referenced. References to such specific Product are intended as descriptive, not restrictive, unless otherwise stated. Comparable Product will be considered if proof of compatibility is provided, including appropriate catalog excerpts, descriptive literature, specifications and test data, etc. The Commissioner’s decision as to acceptance of the Product as equal shall be final.

  • Total Return means the annual compounded rate of return for an investment fund for a period that would equate the initial value to the redeemable value at the end of the period, expressed as a percentage, and determined by applying the following formula:

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Senior Funded Debt means all Funded Debt (except Funded Debt, the payment of which is subordinated to the payment of the Notes).

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Senior Percentage As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Target Annual Bonus as of any date means the amount equal to the product of Base Salary determined as of such date multiplied by the percentage of such Base Salary to which Executive would have been entitled immediately prior to such date under any Bonus Plan for the Annual Performance Period for which the Annual Bonus is awarded if the performance goals established pursuant to such Bonus Plan were achieved at the 100% level as of the end of the Annual Performance Period.

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund.

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • Consolidated Equity means and refers to, as of the end of any period of determination, the sum, without duplication, of (i) Consolidated Tangible Net Worth of HDFS, (ii) preferred stock and (iii) Subordinated Indebtedness.

  • Total Return Swap means any total return swap entered into by a Financing Subsidiary.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • Adjusted Equity means the Equity funded in Indian Rupees and adjusted on the first day of the current month (the “Reference Date”), in the manner set forth below, to reflect the change in its value on account of depreciation and variations in Wholesale Price Index (WPI), and for any Reference Date occurring between the first day of the month of Appointed Date (the date of achievement of Financial Closure) and the Reference Date;

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Consolidated Capitalization means, with respect to any Person, the sum of (a) all of the shareholders’ equity or net worth of such Person and its Subsidiaries, as determined in accordance with GAAP plus (b) Consolidated Indebtedness of such Person and its Subsidiaries plus (c) the outstanding principal amount of Preferred Stock plus (d) seventy-five percent (75%) of the outstanding principal amount of Specified Securities of such Person and its Subsidiaries.