Accelerated Share Repurchase definition

Accelerated Share Repurchase means any repurchase of US Borrower’s common stock pursuant to any arrangement or agreement entered into with one or more banks or securities broker-dealers, and any related repurchase and hedging arrangements, including, without limitation, share forward transactions, for an aggregate consideration not exceeding $250,000,000 plus any and all additional amounts, fees and expenses payable by US Borrower to settle any such related repurchase and hedging arrangements (including, without limitation, any share forward transaction) and which may include, without limitation, one or more deliveries of stock by either party thereto (including, without limitation, upon entry into, at final settlement of or at any other time during the term of the relevant transaction) and provisions for the purchase or sale by the US Borrower of a stock price cap, a stock price floor, a maximum and/or minimum stock delivery limit, a variable duration option, other price or duration optionality, variable notional mechanics or any combination of the foregoing. For purposes of compliance with Section 7.07 (Restricted Payments), the amount of the Restricted Payment associated with any Accelerated Share Repurchase entered into by US Borrower will be the amount paid to the bank(s) or securities broker-dealer(s), as applicable.

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Accelerated Share Repurchase means purchases, redemptions, and other acquisitions by the Borrower of shares of its common stock consistent with past practice and approved by the Administrative Agent.

Accelerated Share Repurchase means (x) the purchase, redemption or other acquisition, through one or more transactions, by the Borrower of shares of its common stock during a period ending September 30, 2012, pursuant to a 5,000,000 share repurchase authorization approved by the Borrower’s board of directors on November 13, 2009, an 8,000,000 share repurchase authorization approved by the Borrower’s board of directors on August 6, 2010 and a 12,000,000 share repurchase authorization approved by the Borrower’s board of directors on February 11, 2011 and (y) such other purchases, redemptions, and other acquisitions by the Borrower of shares of its common stock consistent with past practice and approved by the Administrative Agent.

Examples of Accelerated Share Repurchase in a sentence

Any amounts or deliveries that would be owed or become due by Company to Seller under the Accelerated Share Repurchase Agreement but are unenforceable or not allowable against Company because Company is the subject of a bankruptcy, liquidation, reorganization or similar case or proceeding, shall nonetheless be deemed owed or due for the purposes of this Article.
Guarantor acknowledges that any such public announcement may cause the Averaging Period or the Valuation Period, as the case may be, to be suspended pursuant to Section 3(c) of the Accelerated Share Repurchase Agreement.
Notwithstanding any provision of this Agreement, the Accelerated Share Repurchase Agreement or any other agreement between the parties to the contrary, the Obligations of the parties hereunder are not secured by any collateral.
Except for the Accelerated Share Repurchase transaction entered between the parties on the date hereof, the parties hereto agree that the Transaction shall not be subject to netting or set off with any other transaction.
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No: [Insert Reference No.] Re: Supplemental Confirmation—Uncollared Accelerated Share Repurchase The purpose of this Supplemental Confirmation is to confirm the terms and conditions of the Transaction entered into between JPMorgan Chase Bank, National Association (“Dealer”) and Ashland Global Holdings Inc., a Delaware corporation (“Counterparty”) on the Trade Date specified below.
Three Limited Parkway C▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: T▇▇ ▇▇▇▇▇ Telephone No.: 6▇▇-▇▇▇-▇▇▇▇ Email: t▇▇▇▇▇@▇▇.▇▇▇ Re: Supplemental Confirmation—Uncollared Accelerated Share Repurchase The purpose of this Supplemental Confirmation is to confirm the terms and conditions of the Transaction entered into between JPMorgan Chase Bank, National Association (“Dealer”) and Bath & Body Works, Inc., a Delaware corporation (“Counterparty”) on the Trade Date specified below.
FASB the examples requested on certain adjustments and early termination provisions related to Accelerated Share Repurchase, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, unrestricted Direct Dealer Holding of IA should continue to ensure an invite option between the pair of counterparties that are willing to flock the risks associated with such strength holding arrangement.
The Beauty Health Company (“Counterparty”) and JPMorgan Chase Bank, National Association (“JPMorgan”) have adopted these communications procedures (the “Communications Procedures”) in connection with entering into the Master Confirmation (the “Master Confirmation”), dated as of September 27, 2022, between JPMorgan and Counterparty relating to Uncollared Accelerated Share Repurchase transactions.
The proceeds of the Loans made on the Funding Date shall be applied by Borrower solely to fund the Accelerated Share Repurchase Program, as contemplated hereby.

More Definitions of Accelerated Share Repurchase

Accelerated Share Repurchase means the purchase, redemption or other acquisition, through one or more transactions, by the Borrower of shares of its common stock during a period ending September 30, 2012, pursuant to a 5,000,000 share repurchase authorization approved by the Borrower’s board of directors on November 13, 2009, an 8,000,000 share repurchase authorization approved by the Borrower’s board of directors on August 6, 2010 and a 12,000,000 share repurchase authorization approved by the Borrower’s board of directors on February 11, 2011.