Equity Pool definition

Equity Pool means the product of (i) 75,500,000 multiplied by (ii) the price per share received by shareholders in connection with the Change in Control, as determined by the Board in its sole discretion (the "Share Price") multiplied by (iii) zero if the Share Price is below $45, .55% if the Share Price is $45, .99% if the Share Price is $65 or higher and, if the Share Price is between $45 and $65, as determined by linear interpolation between .55% and .99%.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Equity Pool means the Net Proceeds to the Borrower from the IPO, as such amount shall be (a) increased by the Net Proceeds to the Borrower from any other offering of Equity Interests in the Borrower (other than Disqualified Equity Interests) and (b) reduced by (i) any Consolidated Capital Expenditures made in reliance on the Equity Pool and (ii) any portion of the Net Proceeds to the Borrower from the IPO or any other offering of Equity Interests in the Borrower that constituted Concurrent Equity Proceeds and were used as the basis for any Permitted Acquisition or Investment.

Equity Pool means the total allotment of Equity negotiated by the University as consideration for a license of the University's interest in an Invention.

Examples of Equity Pool in a sentence

• All grants made from the Equity Pool shall be allocated as directed by GETCO’s Chief Executive Officer in consultation with Knight’s Chief Executive Officer, subject to approval by the Board of Directors of the Company as appropriate (or the Board of Directors of GETCO in the case of awards communicated before the Effective Time).

• In the event of a Change of Control, Executive shall be entitled to a 4.55% interest in the Equity Pool (an "Equity Share").

• The pro rata calculation of the portion of the General Equity Pool shall be calculated by grouping the Second Lien Deficiency Claims together with the Class 2A claims.

• If the Equity Pool Interests are not issued or fail to vest, a number of LP units shall be issued to Sellers on a pro rata basis in accordance with such Sellers’ formerly owned portion of the Purchased Equity equivalent to the number of Equity Pool Interests that are not issued or do not vest.

• If the Equity Pool Interests are issued, Parent shall ensure that TILT complies with all applicable securities and other laws, rules and regulations, and use its best efforts to cause TILT’s directors and officers, in their capacities as such, to comply with such laws, rules and regulations, with the issuance of the Equity Pool Interests.

• Such Equity Pool Interests, if issued, shall be non-transferrable for a period of at least six (6) months following the Closing, and shall be subject to the same vesting requirements as TILT’s senior executives.

• No New Common Stock on account of the GUC Rights Offering (or New Common Stock from the GUC Equity Pool) shall be issued until such time as all Disputed General Unsecured Claims or Disputed Encana Claims, as applicable, have been resolved.

• General Equity Pool Holders of the First Lien Deficiency Claims will forego any distribution on account of the First Lien Deficiency Claims.

• The Sharing Ratios assigned by the General Partner to any such Class A Limited Partner admitted to the Partnership in an existing Series with respect to any Investment of such Series shall reduce the respective Sharing Ratios of each Class A Limited Partner (other than the Sharing Ratio held by the Nominee (either directly or indirectly through a Feeder Fund) in the annual Equity Pool) with respect to that Investment pro rata in proportion to their Sharing Ratios with respect to such Investment.

• Buyer has not incurred any liabilities for any brokerage, finder, investment banking or other similar fees, commissions or expenses in connection with the Transactions, except for such fees, commissions and expenses of which will be paid by Buyer or the Company (which, for purposes of clarity, will not be paid by Seller or factored into any adjustments to the Estimated Adjusted Purchase Price or the Final Adjusted Purchase Price contemplated by this Agreement).

More Definitions of Equity Pool

Equity Pool means $7.5 million per calendar quarter.

Equity Pool means the shares of New Common Stock for distribution to Classes 6, 7 and 8 in accordance with Exhibit D-15 to the Disclosure Statement (the number of which shares can vary depending on the Option elected by Class 4 Creditors and the ultimate cash available in the Cash Distribution Pool); provided however, that for every share of New Common Stock substituted from the Equity Pool, cash will be added to the Cash Distribution Pool in accordance with Section 7.7 herein.

Equity Pool has the meaning set forth in Section 5.14.

Equity Pool means at any time, the cumulative cash proceeds from the issuance of equity securities plus non-operating cash balances acquired with respect to Permitted Acquisitions (I.E., cash and investment balances at the acquired entity which are free and clear of any encumbrances, available to the Borrower without restriction, and not necessary for ongoing operation of the acquired entity) less (a) cumulative Capital Expenditures made pursuant to SECTION 10.10(B), and (b) cumulative Permitted Acquisitions made pursuant to SECTION 10.13(D)(II).