Shareholders Deficit definition

Shareholders Deficit means the shareholders deficit of the Company and its Subsidiaries on a consolidated basis computed in accordance with GAAP. The calculation of Shareholders Deficit will exclude the aggregate amount of fees and expenses incurred by the Company or the Subsidiaries, including the Company's legal, financial, advisory and other professional fees (including a fee of $125,000 that may become payable to Samco Capital Markets), in connection with the transactions contemplated by this Agreement from and after December 15, 2000 to and including the Closing Date.
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Examples of Shareholders Deficit in a sentence

  • The total Shareholders Deficit as of June 30, 2001 will not be in excess of $4,103,000.

  • If the Closing occurs after June 30, 2001 then the total Shareholders Deficit as of the Closing Date will not be in excess of an amount equal to the sum of $4,103,000 plus $55,000 for each full calendar month ending after June 30, 2001 (or a pro rata portion of such amount for any partial calendar month) to the Closing Date.

  • The Company has delivered to Buyer its unaudited Consolidated Balance Sheets, Consolidated Statements of Operations, Consolidated Statements of Shareholders' Deficit and Comprehensive Loss and Consolidated Statements of Cash Flow as of and for all quarterly periods in 2001 and 2002.

  • Set forth in Section 4.18(a) of the Company Disclosure Schedule are the Company's audited Consolidated Statements of Operations, Consolidated Statements of Shareholders' Deficit and Comprehensive Loss and Consolidated Statements of Cash Flow, in each case for the years ended December 31, 2000, 2001 and 2002 and its audited Consolidated Balance Sheets as of December 31, 2001 and 2002 (the "Financial Statements").