Adequate Provision definition

Adequate Provision means, with respect to any Lien, claim, liability or other obligation, the posting with or for the benefit of the Owner Group, of a bond or letter of credit issued by a bank, surety or other similar institution acceptable to the Owner or other collateral acceptable to the Owner, in each case, pursuant to documentation in form and substance acceptable to the Owner, having a face amount or fair market value no less than the amount owed under such Lien, claim, liability or other obligation. "Affiliate(s)" in relation to a party hereto, means any person controlling, controlled by or under common control with such party, with the concept of control in such context meaning the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of another, whether through the ownership of voting securities, by contract or otherwise.
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Adequate Provision means (i) the adoption by the Board of a plan of merger or consolidation that provides by its express terms for the receipt by the holders of Series A Preferred Stock of both their Liquidation Preference and Participation Payment upon consummation of such merger or consolidation, and which plan shall not have been amended so as to alter the right of the holders of Series A Preferred Stock to receive the same, whether before or after the approval of such plan by the stockholders of the Corporation, and (ii) the determination, in good faith, of the Board that upon consummation of such transaction, the Corporation will have sufficient cash, securities and other property, as applicable, to permit the payment of the Liquidation Preference and the Participation Payment with respect to each outstanding share of Series A Preferred Stock.
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Adequate Provision means the provision of a site on which allotment gardening
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Examples of Adequate Provision in a sentence

  • Adequate Provision has been made by the USC Members for any unpaid current and deferred taxes for all periods ending on or before the date of contribution.

Related to Adequate Provision

  • Adequate Country means a country or territory that is recognized under EU Data Protection Laws as providing adequate protection for Personal Data;

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Adequate security means protective measures that are commensurate with the consequences and probability of loss, misuse, or unauthorized access to, or modification of information.

  • Restrictive Covenant Agreement means any agreement (including, without limitation, this Award Agreement), and any attachments or schedules thereto, entered into by and between the Participant and the Company or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation, non-disparagement and/or non- disclosure of confidential or proprietary information, in order to protect the business of the Company and its Affiliates.

  • Restrictive Covenant Agreements is defined in the Recitals.