Net Deficit definition
Net Deficit means the debit balance which would be obtained by combining the commodity margin balance of any person with the net profit or loss, if any, accruing on the open trades or contracts or commodity option transactions of such person;
Net Deficit means a negative shareholder's equity, as calculated in accordance with generally accepted accounting principles and consistently applied using the accounting treatment historically used by XLI.
Net Deficit means, as applicable, either (i) if the Closing Net Working Capital Surplus is less than the Closing Cash Deficiency, the amount, if any, by which (1) the Closing Cash Deficiency exceeds (2) the Closing Net Working Capital Surplus or (ii) if there is a Closing Net Working Capital Deficit, an amount, if any, equal to the greater of (1) the Closing Net Working Capital Deficit or (2) the Closing Cash Deficiency.
Examples of Net Deficit in a sentence
Permit a Consolidated Net Deficit as of the end of any fiscal year.
Permit a Consolidated Net Deficit for any fiscal quarter to be equal to or greater than $8,000,000.
Compliance shall be determined as of the end of each month, except as otherwise specifically provided below: MAXIMUM TANGIBLE NET DEFICIT: Borrower shall maintain a Tangible Net Deficit of not more than $22,000,000.
For purposes of clarification, if the Tangible Net Deficit is $(4,700,001.00), a Non-Tax Distribution cannot be made, if the Tangible Net Deficit is $(4,699,999.00), a Non-Tax Distribution can be made.
By July 1, 2010 and July 1st of each subsequent year, MADISON shall send a preliminary proposed Memorandum of Understanding (MOU) stating requested and METRO TRANSIT approved service levels, and ‘s Estimated Net Deficit for ‘s transit service for the next calendar year.
More Definitions of Net Deficit
Net Deficit means the excess, if any, of the Deemed Value (as defined in paragraph 3 of Schedule A) calculated based upon the Estimated Closing Balance Sheet over the Deemed Value calculated based upon the definitive Closing Balance Sheet, and "Net Surplus" means the excess, if any, of Deemed Value calculated based upon the definitive Closing Balance Sheet over the Deemed Value calculated based upon the Estimated Closing Balance Sheet.
Net Deficit means the amount by which the liabilities of the Company exceed its assets.
Net Deficit means the quarterly sum of the
Net Deficit if any, shall mean the excess of the Consolidated Closing Debt over the Consolidated Closing Cash.
Net Deficit. A Net Deficit shall arise when the funds of the Partnership are insufficient to pay (i) all expenses relating to the development and construction of the Project, (ii) all expenses relating to the sale, operation, marketing and management of the Project actually incurred and currently due by the Partnership, including, without limitation, insurance, real estate taxes, utilities, salaries, costs of maintenance, cleaning, and costs of repairs, (iii) current debt service payments and similar obligations of the Partnership in respect of the Project or the Partnership and (iv) satisfying any current indebtedness of the Partnership (whether secured or unsecured).
Net Deficit. 4 1.36 "Oak SEC Reports" 4 1.37 "Oak Subsidiaries" 4 1.38 "OEM" 4 1.39 "Party Stockholders" 4 1.40 "Permitted XLI Contact" 4 1.41 "Pixel ASIC" 4 1.42 "Post-Closing Audit" 4 1.43 "Private 1995 Warrants" 4 1.44 "Private 1996 Warrants" 4 1.45 "Private Warrants" 4 1.46 "Related Party" 4 1.47 "Representative's Warrant" 4 1.48 "SEC" 4 1.49 "Securities Act" 4 1.50 "Statutory Certificate of Merger" 5 1.51 "Stockholder Representatives" 5 1.52 "Sub Stock" 5 1.53 "Super Chip" 5 1.54 "Superior XLI ▇▇▇▇▇▇▇▇" ▇ 1.55 "Technology License and Supply Agreement" 5 1.56 "Termination Fee" 5 1.57 "Threshold Amount" 5 1.58 "Underwriter" 5 1.59 "Underwriter's Warrant" 5 1.60 "Unexpired Private Warrant" 5 1.61 "XLI Certificate of Objections" 5 1.62 "XLI Common Stock" 5 1.63 "XLI Employee Benefit Plan" 5 1.64 "XLI Intellectual Property Rights" 5 1.65 "XLI Material Contracts" 6 1.66 "XLI Pension Plans" 6 1.67 "XLI Preferred Stock" 6 1.68 "XLI Products" 6 1.69 "XLI SEC Reports" 6 1.70 "XLI Special Meeting" 6 1.71 "XLI Stock" 6 1.72 "XLI Stockholders" 6 1.73 "XLI Subordinated Notes" 6 1.74 "XLI Subsidiaries" 6 1.75 "XLI Transaction Proposal" 6 1.76 "XLI Warrants" 6
Net Deficit means the excess, if any, of (x) the sum of the amounts described in Section 3.9(b)(II) and Section 3.9(b)(IV) through (IX) over (y) the total current assets (i.e., cash, cash equivalents and accounts receivable) of the Companies, the amount of such current assets and the current liabilities described in subclause (VI) being calculated in accordance with GAAP (provided that the only accounts receivable of the Companies includable therein shall be Creditable Accounts Receivable, which shall be valued at their net realizable value in accordance with GAAP, but with no reserve or other offset in respect of possible