Equity Clawback definition

Equity Clawback means the planned redemption by the Issuer of a portion of its outstanding 12-1/4% Senior Notes due 2006 (the "Existing Notes") with a portion of the proceeds of the Guarantor's initial public offering of Common Stock, which closed in October, 1997. The Issuer intends to apply approximately $101.25 million of the initial public offering proceeds to the redemption of the Existing Notes.
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Equity Clawback means a voluntary partial prepayment in accordance with Clause 9.5 (Voluntary Partial Redemption Upon an Equity Listing Event (Equity Clawback)).
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Equity Clawback means an equity clawback pursuant to Clause 10.8 (Equity Clawback).
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Examples of Equity Clawback in a sentence

  • You understand that if Company terminates this Exclusive Consulting Agreement pursuant to this Section 5.2, you will forfeit all additional vesting, payments or other rights or benefits under the Award as a result of having attained Normal Retirement Age and you will be subject to the Equity Clawback provisions of Section 6, below.

  • Notwithstanding the foregoing, for any Interest due but unpaid the Record Date specified in Clause 7(a) shall apply and for any partial redemption in accordance with Clause 9.4 ( Mandatory Partial Redemption) and/or Clause 9.5 (Voluntary Partial Redemption Upon an Equity Listing Event (Equity Clawback)) due but not made, the Record Date specified in Clause 9.4(c) and Clause 9.5(c), as applicable, shall apply.

  • Any notice that the Issuer or the Agent shall send to the Bondholders pursuant to Clauses 9.3 ( Voluntary Total Redemption (Call Option)), 9.5 (Voluntary Partial Redemption Upon an Equity Listing Event (Equity Clawback)), 11.1(d), 14.11(c), 16(o), 17(a), 18(a) and 19(c) shall also be published by way of press release by the Issuer or the Agent, as applicable.

  • The occurrence of a Force Majeure Event affecting Grantee’s representatives, suppliers, subcontractors, customers or business apart from this Grant Contract is not a Force Majeure Event under this Grant Contract.

  • In no event shall an amount less than 70% of the Initial Bond Issue be outstanding following any Voluntary Partial Repayment and/or Equity Clawback.

  • For the avoidance of doubt, redemption in accordance with this Clause 10.2 may be exercised in addition to the Voluntary Partial Repayment Option in Clause 10.3 and the Equity Clawback pursuant to Clause 10.4.

  • The Issuer may, in connection with an Equity Listing Event, on no less than 10 days’ and no more than 60 days’ prior notice, use the net cash proceeds received by the Group from such Equity Listing Event or the equivalent amount of cash on balance sheet to repay an amount of Bonds not exceeding 30% of the sum of the Initial Bond Issue and any Additional Bonds issued at the call option price applicable at the time of repayment (the " Equity Clawback").

  • Equity Clawback: Up to 40% at 106.750% prior to June 1, 2022 CUSIP/ISIN: 144A: 12008R AM9 / US12008RAM97 Regulation S: U08985 AG5 / USU08985AG56 Temporary Regulation S: U08985 AH3 / USU08985AH30 Trade Date: July 11, 2019 Settlement Date: July 25, 2019 (T+10) The Issuer expects delivery of the Notes offered hereby will be made against payment therefor on July 25, 2019, which is the tenth business day following the date of pricing of the Notes offered hereby (such settlement being referred to as “T+10”).

  • For the avoidance of doubt and subject to paragraph (c) of Clause 10.4, redemption in accordance with this Clause 10.3 may be exercised in addition to the Call Option in Clause 10.2 and the Equity Clawback pursuant to Clause 10.4.

  • Any amount for which the Equity Clawback is exercised shall be used for pro rata payment to the Bondholders in accordance with the applicable regulations of the CSD, and any accrued and unpaid interest on the Bonds being redeemed shall be paid together with principal on the date of such early redemption, provided that such interest shall not be included in the calculation of the amount of Bonds the Issuer is permitted to repay in accordance with this provision.


More Definitions of Equity Clawback

Equity Clawback means the redemption of the Securities by the Company with the Net Cash Proceeds of one or more Public Equity Offerings as permitted by this Indenture.
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Equity Clawback means Borrowers' redemption of $291.14 million in principal amount of Mortgage Notes and payment of $32 million of related premiums.
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Equity Clawback. Upon the occurrence of an IPO, the Company will have the right to redeem up to 100% of the then outstanding PIK Preferred out of the proceeds of the IPO at 102.5% of Liquidation Preference plus accrued and unpaid dividends. The percentage of PIK Preferred redeemed may be 1-49% or 100% and will be done on a pro rata basis if applicable.
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Related to Equity Clawback

  • Clawback Policy is defined in Section 14.

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • Clawback means the obligation to repay amounts to a Member of the CFG Group by an individual in accordance with rule 4 as the Committee considers appropriate;

  • Parent Equity Plan shall have the meaning set forth in Section 4.6.

  • Clawback Amount means the sum of:

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Equity Committee means the official committee of equity security holders, appointed pursuant to section 1102 of the Bankruptcy Code by the U.S. Trustee on March 13, 2009.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • Parent Equity Plans means all employee and director equity incentive plans of Parent and agreements for equity awards in respect of Parent Common Stock granted under the inducement grant exception.

  • Equity Compensation means any stock option, stock appreciation, stock purchase, restricted stock, restricted stock unit, long term incentive cash bonus award or any other kind of equity-based plan, program, arrangement or grant regardless of whether the form of distribution is in stock or cash.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Dividend Reinvestment Plan means a regular dividend reinvestment or other plan of the Corporation made available by the Corporation to holders of its securities where such plan permits the holder to direct that some or all of:

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company’s securities may be issued to any employee, officer or director for services provided to the Company.

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • Equity Award Exchange Ratio means the sum of (i) the Share Consideration, plus (ii) the quotient of (x) the Cash Consideration divided by (y) the Parent Stock Price, rounded to the nearest one thousandth.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.