Equity Certificate Clause Samples
An Equity Certificate clause defines the issuance and terms of a document that evidences an individual's or entity's ownership interest in a company, typically in lieu of traditional share certificates. This clause outlines the conditions under which equity certificates are granted, the rights they confer, and the procedures for their transfer or replacement. For example, it may specify that upon investment, the holder receives an equity certificate detailing their percentage of ownership and any associated rights, such as voting or dividend entitlements. The core function of this clause is to formalize and document ownership interests, providing clear proof of equity holdings and facilitating the management and transfer of such interests within the company.
Equity Certificate. Prior to or with the first Advance, Borrower shall purchase a SCC in an amount equal to 5% percent of the Commitment. If the SCC is purchased with Borrower's general funds, it shall cost N/A. If the SCC is purchased with the first Advance hereunder, it shall cost $52,632.00. The SCC will amortize annually (after the earlier of the loan being fully advanced or the Termination Date) so that the SCC shall be equal to 5% of the outstanding principal loan balance.
Equity Certificate. At or prior to the Closing, Seller will cause the Company to reissue any certificate or certificates representing the Equity to reflect that the owner of the Equity is “Suiza Dairy Group, LLC” and make a corresponding change on those of its membership interest ledgers that reflect otherwise, and in each case provide evidence thereof to Buyer.
Equity Certificate. A certificate executed on behalf of the Company by the President of the Company detailing the shareholder's equity as of the Closing Date;
Equity Certificate. The certificate executed by the Owner Trustee evidencing the entire beneficial ownership interest in the Trust, substantially in the form attached hereto as Exhibit A.