Eligible Shares definition
Examples of Eligible Shares in a sentence
For the avoidance of doubt, Eligible Shares are not subject to the 5% quarterly repurchase limitation of the Existing Share Repurchase Plan.
After March 25, 2025, subject to the limitations below, as of the last calendar day of each month, the Company will offer to repurchase from the EQT Investor Eligible Shares having an aggregate NAV equal to (1) the Monthly Repurchase Amount for that month plus (2) any Monthly Repurchase Amounts from prior months that have not yet been repurchased.
The EQT Investor will notify the Company if and to what extent it elects to have the Company repurchase the Eligible Shares offered for repurchase in a manner agreed upon by the Company and the EQT Investor.
The Company will make these repurchase offers until all Eligible Shares have been repurchased from the EQT Investor.
The repurchase price per Share for each repurchase from the EQT Investor will be the Transaction Price for Eligible Shares in effect at the time of repurchase.