Examples of Adjusted Equity in a sentence
Adjusted Equity is defined as shareholder's equity of the Company minus any amounts due to the Company from Parent and minus any amount that the Company's Board of Directors shall determine is sufficient working capital to provide for the next planting season.
If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; and 110% (one hundred and ten per cent) of the Adjusted Equity.
Termination Payment, due and payable under this Agreement, shall be limited to the Debt Due and Adjusted Equity, as the case may be, and the Authority shall at no time be liable to pay the Termination Payment in excess of Rs. 156,00,00,000 (Rupees one hundred and fifty crore only); provided that the Termination Payment in relation to or arising out of Debt Due shall not exceed Rs. 109,20,00,000 (Rupees one hundred nine crore and twenty lakhs only).
The Rights Offering Commitment Fee shall be paid in the form of shares of New Common Stock and the number of such shares issued in connection therewith shall be a percentage of the New Common Stock to be issued on the Effective Date determined by dividing $1,150,000 by the Adjusted Equity Value, with no further action required of or entertained by the Bankruptcy Court.
As per Article 35.3.2 and 32.9.3 of the Agreement, the Termination Payment on account of DMRC’s default and Political Force Majeure Event, is to be computed as an amount equal to 100% of Debt due and 120% of the Adjusted Equity.