Equity Kicker definition

Equity Kicker means, one or more warrants or equity rights attached to or delivered with a loan which would otherwise satisfy the definition of Collateral Obligation.

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Equity Kicker means, with respect to any Collateral Obligation, one or more warrants attached thereto which collectively constitute no more than 2.0% of the purchase price (as allocated by the Investment Manager) paid by the Borrower for such Collateral Obligation.

Equity Kicker. A warrant (or other “attached” Equity Security) that is received with respect to a Loan or acquired as part of a “unit” with a Loan.

Examples of Equity Kicker in a sentence

• The Members shall have 30 days from receipt of such notice to elect to make all or a portion of the requested loan or a several but not joint guaranty (and receive a pro rata portion of the associated Equity Kicker) in the amounts mutually agreed upon by the Board of Managers and the participating Members.

• Unless otherwise agreed by the participating Members, any loan or a several but not joint guaranty made by the participating Members to the Company (and any associated Equity Kicker) will be made pro rata among the participating Members in accordance with their respective ownership of Units then outstanding.

• Executive may elect, by delivery of a Trigger Notice with respect to a number of Equity Kicker Shares specified in such Trigger Notice, to determine the number of Equity Kicker Shares that are vested and not subject to repurchase under Section 7(b)(ii).

• The Internal Rate of Return (determined as specified in Section 7(b)(iii)) shall be determined as of the Trigger Date and those Equity Kicker Shares that would not be subject to repurchase under the chart set forth in Section 7(b)(ii) above shall be deemed vested and not subject to repurchase from and after the Trigger Date.

• At the Closing, or as promptly as commercially reasonable thereafter, Purchaser shall deliver to Ethema the Consideration, and the Company shall deliver to the Purchaser, the Note, and the Equity Kicker.

More Definitions of Equity Kicker

Equity Kicker means any equity security or any other security that is not eligible for purchase by the Issuer but is received with respect to a Collateral Debt Security or purchased as part of a “unit” with a Collateral Debt Security.

Equity Kicker means a warrant (or other "attached" Equity Security) that is received with respect to a Collateral Loan or purchased as part of a "unit" with a Collateral Loan (so long as such warrant or other Equity Security is not Margin Stock and is not convertible or exchangeable into Margin Stock). The term "Equity Kicker" does not include any warrant that is detached or detachable from the underlying Collateral Loan.

Equity Kicker means the issuance of Class B Units to a Lender or each Affiliated Lender Equity Owner thereof on the terms set forth in the HoldCo Borrower LLC Agreement.

Equity Kicker means any equity security or any other security that is not eligible for purchase by the Issuer but is received with respect to a Collateral Debt Obligation or purchased as part of a “unit” with a Collateral Debt Obligation.

Equity Kicker means any warrants or conversion rights given by Aspen as partial consideration for a loan from an Unaffiliated Institutional Lender, and any equity interests issued upon the exercise of such warrants or conversion rights.

Equity Kicker. Simultaneously with the purchase of the Notes, each Lender will receive shares of the Company’s common stock in an amount equal to 20% of the amount loaned so that, by way of example, if an Lender purchases $1,500,000 in Notes, such Lender will receive the number of shares of common stock equal to $300,000 based on the closing price for the 15 trading days prior to such purchase. The Company is also offering $150,000 in warrants each exercisable within 3 years at a price of $0.25. Each Lender will receive its pro rata share of such warrants. Additionally, the Company is offering another $150,000 in warrants each exercisable at a price of $0.50 cents. Each Lender that converts its Notes into shares will receive its pro rata share of such warrants. By way of example, a Lender who purchases $500,000 in notes, will receive $50,000 in such warrants. Short Sale and Manipulation: There will be no short selling or other manipulation, directly or indirectly, of the price of the shares of the Company’s common stock at any time during which the Notes are outstanding. Anti-dilution Provisions: In the event that the Company issues additional securities at a purchase price less than the current conversion price on the common shares being offered hereby, such conversion price shall be adjusted in accordance with the following formula: CP2 = CP1 * (A+B) / (A+C) CP2 = Conversion price in effect immediately after new issue CP1 = Conversion price in effect immediately prior to new issue A = Number of shares of common stock deemed to be outstanding immediately prior to new issue (includes all shares of outstanding common stock and all outstanding options on an as-exercised basis; and does not include any convertible securities converting into this round of financing)

Equity Kicker. As defined in Section 2.5 below.