Maximum Equity definition

Maximum Equity means, as of any date of determination, the number of shares of Common Stock equal to (a) 9.99% multiplied by (b) the total number of shares of Common Stock outstanding as of the date of this Agreement, rounded down to the nearest whole share of Common Stock; provided, that in all cases Maximum Equity shall be calculated pursuant to Nasdaq Rule 5635(d) and Nasdaq’s official interpretations related thereto, it being the intention of the parties hereto that the shares of Common Stock issued pursuant to this Agreement (together with the shares of Common Stock issued pursuant to any other transaction that may be aggregated with the shares issued pursuant to this Agreement in accordance with Nasdaq rules) not constitute a “20% Issuance”, as such term is defined in Nasdaq Rule 5635(d)(1)(B), as reasonably determined in good faith by Company and LC Provider, and notified in writing to Disbursing Agent and Calculation Agent.
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Maximum Equity shall be alphabetically inserted in SECTION 1.1 to read, as follows:
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Maximum Equity means: 2 FOURTH AMENDMENT
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Examples of Maximum Equity in a sentence

  • It is presumed that the Maximum Equity Raise is achieved as a result of this offer.

  • To the extent that the aggregate face value of all the Equity Offered Bonds exceeds the Bond Conversion Minimum, the Issuer shall not be obliged to but may elect to accept, in part or in full, such offers up to the Maximum Equity Conversion Amount.

  • TDAM) will no longer accept additional investments in TD Japanese Index Fund, TD Japanese Growth Fund, TD FundSmart Managed Maximum Equity Growth Portfolio, TD U.S. Equity Currency Neutral Portfolio and TD Canadian T-Bill Fund.

  • The Scheme does not assure or guarantee any returns.Asset Allocation Pattern of the SchemeType of Instruments Normal Allocation (% of net assets) Minimum Maximum Equity and Equity Related Instruments80 100Money Market Instruments0 20The Scheme may use derivatives for purposes as may be permitted from time to time.

  • The Scheme does not assure or guarantee any returns.Asset Allocation Pattern of the SchemeType of Instruments Normal Allocation (% of net assets) Minimum Maximum Equity and Equity Related Instruments of Public Sector Undertakings (PSUs) 80 100 Equity and Equity Related Instruments other than Public Sector Undertakings (PSUs) 0 20 Debt and Money Market Instruments 0 20 Debt instruments may include securitized debt upto 20% of the net assets of the Scheme.

  • General asset allocation guidelines at December 31, 2016 are as follows: Percentage of Total Portfolio Minimum Target Maximum Equity securities 45% 62% 80% Fixed income securities 10% 33% 55% Real estate 0% 5% 10% Equity securities include domestic equity securities, developed international securities, emerging markets equity securities and real estate investment trust.

  • You can see that while the Maximum Equity Drawdowns of the four single markets vary between –$2,440 (S&P400 MidCap) and -$4,590 (US-Treasury Bond Future) the Maximum Equity Drawdown of the 4-Market Portfolio is with -$3,275 in the same area.

  • The adopted asset allocation policy as of September 30, 2022, was as follows: Allocation Range TargetAsset Class Allocation Minimum Maximum Equity Rate of Return.

  • The Eligible Shareholders also have the option of tendering additional Equity Shares (over and above their entitlement) and participate in the shortfall created due to non-participation of some other shareholders, if any.Maximum Equity Shares intended to be tenderedSKF UK Limited Maximum Equity Shares intended to be tenderedSKF Forvaltning AB1,215,272 167,797 Unquote 7.

  • The two distinct options for Rabi water distribution are as follows:• Option A - Maximum Equity: Distribution of water will be done equitably to all PPs in the CCA (as in Kharif), but the water supplies will be insufficient (depending on the proposed cropping) and each PP will have to ration water toindividual members, either by limiting the land irrigated, developing on-farm storage and/or conjunctive use (See below).


More Definitions of Maximum Equity

Maximum Equity has the meaning given to that term in the Project Development Agreement.
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Related to Maximum Equity

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Maximum mass means the maximum mass stated by the vehicle manufacturer to be technically permissible (this mass may be higher than the "permissible maximum mass" laid down by the national administration).

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Maximum Amount means the Maximum Amount as specified in § 1 of the Product and Underlying Data.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Trade Price means the highest Spot Price of the Units (subject to any adjustment to such Spot Price as may be necessary to reflect any event as contemplated in Product Condition 3 such as capitalisation, rights issue, distribution or the like) during the MCE Valuation Period;

  • Maximum Funds means the maximum Funds set out in Schedule “B”.

  • Maximum Run Time means the maximum number of hours a generating unit can run over the course of an Operating Day, as measured by PJM’s State Estimator.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Total Equity means the product of: (i) the sum of (A) the aggregate number of shares of Common Stock to be outstanding immediately following the IPO Closing (excluding the over-allotment option, if any) and (B) the aggregate number of OP Units to be outstanding immediately following the IPO Closing other than OP Units held by the Company times (ii) the IPO Price.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Maximum Revolver Amount means $100,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Maximum Mortgage Rates of the Group I Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Maximum Mortgage Rates of the Group II Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the Maximum Cap Rate for the Group I Certificates and the Maximum Cap Rate for the Group II Certificates and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Maximum Common Stock Issuance shall have the meaning specified in Section 2(H).