Total Net Equity definition

Total Net Equity means total assets less total liabilities excluding all third party indebtedness, intercompany accounts and minority interests, calculated on a consolidated basis for the Company and its Subsidiaries. For illustrative purposes, attached as Exhibit A is a calculation of Total Net Equity as at October 31, 1997.
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Total Net Equity means the total shareholders’ equity of the Company as determined on the Measurement Date and calculated in the same manner as shown on the Company’s quarterly Call Report as filed with its primary banking regulator for the period ended June 30, 2015 but after adding back (on a tax-adjusted basis, and only to the extent such expense has been paid or accrued), (A) all Transaction Costs, (B) all payments on account of any Settlement in accordance with Section 6.15 and legal fees or other costs incurred by Company in connection with any Adverse Shareholder Action in excess of $50,000, (C) all Option Consideration and (D) all pre-closing adjustments effectuated in accordance with Section 6.14.
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Examples of Total Net Equity in a sentence

  • You also have a continuing Margin obligation to us to ensure that at all times during which you have opened Positions your account balance, that is your Total Net Equity, taking into account all realised or unrealised Profits and Losses (“P&L”), is equal to at least the Margin that we require you to have paid to us for all of your open Positions.

  • The Purchase Price shall be increased or decreased on a dollar for dollar (based on the $US/Italian Lira exchange rate as of the Closing Date) basis on the Closing Date by the amount, if any, by which Total Net Equity reflected on the Estimated Closing Date Financial Statement is more or less, as the case may be, than 51,758 million (Lit.).

  • The Purchase Price payable pursuant to Section 2.1 is based upon the estimate that the Total Net Equity to be reflected on the Closing Date Financial Statement is 51,758 million (Lit.).

  • As of at least three (3) Business Days prior to the Closing Date, Parent shall have received satisfactory evidence that each of the following minimum financial threshold amounts has been met as of the Measurement Date: (i) Total Loans shall not be less than $150,000,000; (ii) Total Net Equity shall not be less than $24,000,000; (iii) each of Average Demand Deposits and Total Demand Deposits shall not be less than $75,000,000.

  • You also have a continuing Margin obligation to us to ensure that at all times during which you have opened Positions your account balance, that is your Total Net Equity, taking into account all realised or Unrealised Profits and Losses (“P&L”), is equal to at least the Margin that we require you to have paid to us for all of your open Positions.