Additions to Capital definition

Additions to Capital means the sum of (i) the aggregate net proceeds, including cash and the fair market value of property other than cash (as determined in good faith by the Board of Directors of the Borrower as evidenced by a Board resolution), received by the Borrower from the issue or sale (other than to a Subsidiary) of capital stock of the Borrower and (ii) the aggregate of 25% of the after tax gain realized from unusual, extraordinary, and major nonrecurring items including, but not limited to, the sale, transfer, or other disposition of (x) any of the stock of any of the Borrower's Subsidiaries or (y) substantially all of the assets of any geographic or other division or line of business of the Borrower or any of its Subsidiaries (but excluding any after tax loss realized on any such unusual, extraordinary, and major nonrecurring items to the extent they exceed any after tax gains on such items).
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Additions to Capital means the aggregate net proceeds, including cash and the fair market value of property other than cash, received by the Company from the issue or sale of capital stock of the Company plus the aggregate of 25% of the after tax gains realized from unusual, extraordinary, and major nonrecurring items.
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Additions to Capital means the sum of (i) the aggregate net proceeds, including cash and the fair market value of property other than cash (as determined in good faith by the Board of Directors of the Company as evidenced by a Board resolution), received by the Company from the issue or sale (other than to a Subsidiary) of capital stock of the Company and (ii) the aggregate of 25% of the after tax gain realized from unusual, extraordinary, and major nonrecurring items including, but not limited to, the sale, transfer, or other disposition of (x) any of the stock of the Company's Subsidiaries or (y) substantially all of the assets of any geographic or other division or line of business of the Company or any of its Subsidiaries (but excluding any after tax loss realized on any such unusual, extraordinary, and major nonrecurring items to the extent they exceed any after tax gains on such items).
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Examples of Additions to Capital in a sentence

  • The Company will not permit at any time Net Worth to be less than the sum of (i) Net Worth as of February 25, 2000, plus (ii) 25% of Net Income (if a positive number) from February 25, 2000 to the then most recent Fiscal Year End or Fiscal Second Quarter End, plus (iii) all Additions to Capital from February 25, 2000 to the then most recent Fiscal Year End or Fiscal Second Quarter End.

  • The Borrower will not permit at any time Net Worth to be less than the sum of (i) 80% of Net Worth as of the Effective Date, plus (ii) 25% of Net Income (if a positive number) from the Effective Date to the then most recent June 30 or December 31, plus (iii) all Additions to Capital from the Effective Date to the then most recent June 30 or December 31.

  • The Borrower will not permit at any time its Net Worth to be less than the sum of (i) 66% of Net Worth as of the Closing Date, plus (ii) 25% of Net Income (if a positive number) from the Closing Date to the then most recent June 30 or December 31, plus (iii) all Additions to Capital from the Closing Date to the then most recent June 30 or December 31.

  • Free Cash Flow is defined as Cash from Operations less net Additions to Capital Assets.

  • The Guarantor shall not permit at any time ----------------- Net Worth to be less than the sum of (i) Net Worth as of February 27, 1998, plus (ii) 25% of Net Income (if a positive number) from February 27, 1998 to the then most recent August 31 or February 28, plus (iii) all Additions to Capital from February 27, 1998 to the then most recent August 31 or February 28.

  • The Company will not permit at any time its Net Worth to be less than the sum of (i) 66% of Net Worth as of the Closing Date, plus (ii) 25% of Net Income (if a positive number) from the Closing Date to the then most recent June 30 or December 31, plus (iii) all Additions to Capital from the Closing Date to the then most recent June 30 or December 31.


More Definitions of Additions to Capital

Additions to Capital means the sum of (i) the aggregate net proceeds, including cash and the fair market value of property other than cash (as determined in good faith by the Board of Directors of the Borrower as evidenced by a Board resolution), received by the Borrower from the issue or sale (other than to a Subsidiary) of capital stock of the Borrower and
Sample 1
Additions to Capital means the sum of (i) the aggregate net proceeds, including cash and the fair market value of property other than cash (as determined in good faith by the Board of Directors of the Borrower as evidenced by a Board resolution), received by the Borrower from the issue or sale (other than to a Subsidiary) of capital stock of the Borrower and (ii) the aggregate of 25% of the after tax gain realized from unusual, extraordinary, and major nonrecurring items including, but not limited to, the sale, transfer, or other disposition of (x) any of the stock of the Borrower's Subsidiaries or (y) substantially all of the assets of any geographic or other division or line of business of the Borrower or any of its Subsidiaries (but excluding any after tax loss realized on any such unusual, extraordinary, and major nonrecurring items to the extent they exceed any after tax gains on such items).
Sample 1

Related to Additions to Capital

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.

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

  • Additional Capital Contribution has the meaning set forth in Section 3.02.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Aggregate Capital means, on any date of determination, the aggregate amount of Capital of all Purchaser Interests outstanding on such date.

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • Capital Increase has the meaning given in clause 3.2(a);

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Replacement Capital Covenant has the meaning specified in the introduction to this instrument.

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the September 2003 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the March 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Additional Financial Centre(s means the city or cities specified as such in the relevant Final Terms;

  • Closing Date Net Working Capital has the meaning specified in Section 3.4(a).

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Base Working Capital means $25,000,000.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Additional Financing means the sale by the Company of additional Units as contemplated by the registration statement on Form SB-2 filed by the Company with the SEC on September 13, 2006, as amended from time to time thereafter.

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Reserve Account Deposit means $3,000,000.