A Equity definition
Examples of A Equity in a sentence
If the Corporation shall determine to redeem less than all the Series A Equity Shares then outstanding, the shares to be redeemed shall be selected pro rata (as nearly as may be) so that the number of shares redeemed from each holder shall be the same proportion of all the shares to be redeemed that the total number of Series A Equity Shares then held by such holder bears to the total number of Series A Equity Shares then outstanding.
Subject to the foregoing, and not otherwise, dividends may be declared by the Board of Directors and paid on any Series A Equity Shares or Common Equity Shares from time to time out of any funds legally available therefor, and the Senior Preferred Shares shall not be entitled to participate in any such dividends, whether payable in cash, stock or otherwise.
Dividends paid on shares of Series A Equity Shares in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all Series A Equity Shares as are outstanding at the time.
Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the shareholder receives such notice, and failure duly to give such notice by mail, or any defect in such notice, to any holder of Series A Equity Shares designated for redemption shall not affect the validity of the proceedings for the redemption of any other Series A Equity Shares.
Notice of redemption of the Series A Equity Shares shall be mailed by first class mail, postage prepaid, addressed to the holders of record of the shares to be redeemed at their respective last addresses as they shall appear on the books of the Corporation.
Subject to the foregoing, and not otherwise, such dividends may be declared by the Board of Directors and paid on any Common Equity Shares from time to time out of any funds legally available therefor, and the Series A Equity Shares shall not be entitled to participate in any such dividends, whether payable in cash, stock or otherwise.
Combined Tangible Net Worth at any time to be less than (i) $750,000,000 plus (ii) 85% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after December 31, 2004 (other than (A) Equity Issuances to the Borrower or any Subsidiary and (B) any increase in Combined Tangible Net Worth to the extent attributable to employee stock option exercises and employee compensation in an aggregate amount not to exceed $5,000,000).
REC Forbearance Agreement: Forbearance Agreement, dated as of the date hereof, by and among the Class A Equity Investors, the Project Company, ▇▇▇▇▇▇ Ridge Holdco, the Class B Member (as defined in the ECCA) and the REC Purchaser.
The Purchaser hereby undertakes to the Seller and the Company to pay the A Equity Capital Contribution and the B Equity Capital Contribution, respectively, for the Shares according to and as specified in Section 1 above into the capital contribution reserves of the Company.
Pursuant to this Agreement, the Parties hereto hereby provide for the admission to the Company of the Class A Equity Investors, effective upon the execution and delivery of this Agreement by all Parties.