Equity Interest definition
Examples of Equity Interest in a sentence
Except as set forth in Schedule 3.2(a) of the Company Disclosure Letter, there are no (i) other issued and outstanding shares of Company Shares and no commitments or Contracts to issue any shares of Company Shares, or (ii) any outstanding securities constituting any Equity Interest of the Company or any commitments or Contracts to issue any such Equity Interest.
There is no existing option, warrant, call, right, commitment or other agreement to which the Borrower is a party requiring, and there is no Equity Interest in the Borrower outstanding which upon conversion or exchange would require, the issuance by the Borrower of any additional Equity Interests in the Borrower or other securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase an Equity Interest in the Borrower.
There are no outstanding warrants, options, “phantom” stock rights, stock appreciation rights, stock-based performance units or convertible or exchangeable securities pursuant to which any of the Company Entities or any of their respective Subsidiaries is or may become obligated to issue, sell, grant or pay any amount relating to (i) any Equity Interest in any Company Entity or (ii) any security convertible into, or exercisable or exchangeable for, any Equity Interest in any Company Entity.
Except as set forth in Schedule 3.1(a) of the Company Disclosure Letter, the Company and its Subsidiary, since their applicable inception, have had no Equity Interest, whether direct or indirect, in, or any loans to, any corporation, partnership, limited liability company, joint venture or other business entity (other than with respect to the Company’s holding of Equity Interests in the Subsidiary).
Other than the Company Subsidiaries and the ownership interests set forth in Section 2.04(c) of the Disclosure Schedule, after giving effect to the Company Internal Reorganization, the Company Entities do not own, directly or indirectly, any Equity Interest in, or voting security of, any Person.