Common use of Disqualified Stock Clause in Contracts

Disqualified Stock. Any Capital Stock which by its terms (or by terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part in each case on or prior to the Revolving Credit Maturity Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)

AutoNDA by SimpleDocs

Disqualified Stock. Any Capital Stock which by its terms (or by terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part in each case on or prior to the Revolving Credit Term Loan Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (COHEN & Co INC.)

Disqualified Stock. Any Capital Stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part part, in each case on or prior to the Revolving Credit Term Loan Maturity Date.. Distribution -

Appears in 1 contract

Samples: Loan and Security Agreement (KeyStone Solutions, Inc.)

Disqualified Stock. Any Capital Stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses clause (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part part, in each case on or prior to the Revolving Credit Loan Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Point Therapeutics Inc)

Disqualified Stock. Any Capital Stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part part, in each case on or prior to the Revolving Credit Maturity Date.. Distribution –

Appears in 1 contract

Samples: Loan and Security Agreement (WPCS International Inc)

AutoNDA by SimpleDocs

Disqualified Stock. Any Capital Stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part part, in each case on or prior to the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement ('Mktg, Inc.')

Disqualified Stock. Any Capital Stock which by its terms (or by terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part in each case on or prior to the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America, Inc.)

Disqualified Stock. Any Capital Stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event (i) matures or is mandatorily redeemable for any reason, (ii) is convertible or exchangeable for Indebtedness or Capital Stock that meets the requirements of clauses (i) and (ii), or (iii) is redeemable at the option of the holder thereof, in whole or in part in each case on or prior to the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.