Question

Excess capital method is different form

Answer 1

Answer:

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Explanation:

Excess Capital means the difference between (x) the sum of (i) the difference between (A) the sum of (1) the aggregate amount of any Indebtedness for borrowed money incurred by any Affiliated Company from any Person other than an Affiliated Company after the date hereof (other than Indebtedness under the Credit Agreement, Indebtedness incurred to Refinance other Indebtedness, un-drawn amounts under revolving credit facilities and amounts drawn under any revolving credit facility to 3 the extent such amounts have previously been borrowed and repaid), net of any fees and expenses incurred in connection therewith, plus.

(2) the proceeds received by an Affiliated Company from any Person other than an Affiliated Company after the date hereof from the sale of capital stock of such Affiliated Company (other than the proceeds received from officers, directors or employees of any of the Affiliated Companies upon exercise of stock options or issuances of restricted stock and from the exercise of outstanding warrants), net of any fees and expenses incurred in connection therewith, minus (B) $5,000,000, plus (ii) the difference between (I) the after-tax proceeds received by any of the Affiliated Companies from any Person other than an Affiliated Company after the date hereof from the sale of assets (other than sales of assets in the ordinary course of business), net of any fees and expenses incurred in connection therewith, minus (II) $5,000,000; minus (y) the sum of all mandatory prepay

Answer 2

Answer:

Excess Capital means the difference between (x) the sum of (i) the difference between (A) the sum of (1) the aggregate amount of any Indebtedness for borrowed money incurred by any Affiliated Company from any Person other than an Affiliated Company after the date hereof (other than Indebtedness under the Credit Agreement, Indebtedness incurred to Refinance other Indebtedness, un-drawn amounts under revolving credit facilities and amounts drawn under any revolving credit facility to 3 the extent such amounts have previously been borrowed and repaid), net of any fees and expenses incurred in connection therewith, plus.

(2) the proceeds received by an Affiliated Company from any Person other than an Affiliated Company after the date hereof from the sale of capital stock of such Affiliated Company (other than the proceeds received from officers, directors or employees of any of the Affiliated Companies upon exercise of stock options or issuances of restricted stock and from the exercise of outstanding warrants), net of any fees and expenses incurred in connection therewith, minus (B) 5,000,000, plus (ii) the difference between (I) the after-tax proceeds received by any of the Affiliated Companies from any Person other than an Affiliated Company after the date hereof from the sale of assets (other than sales of assets in the ordinary course of business), net of any fees and expenses incurred in connection therewith, minus (II)5,000,000,plus(ii)thedifferencebetween(I)theafter−taxproceedsreceivedbyanyoftheAffiliatedCompaniesfromanyPersonotherthananAffiliatedCompanyafterthedatehereoffromthesaleofassets(otherthansalesofassetsintheordinarycourseofbusiness),netofanyfeesandexpensesincurredinconnectiontherewith,minus(II)5,000,000; minus (y) the sum of all mandatory prepay