Equity Refinancing definition

Equity Refinancing means the repurchase, redemption, retirement or other acquisition by Equistar of Equity Interests in Equistar, an Affiliate of Equistar or a Joint Venture (or the acquisition of any outstanding Equity Interests of a Person, the majority of whose assets are Equity Interests) exclusively in exchange for, or out of the net cash proceeds of a substantially contemporaneous issuance by Equistar of, Equity Interests in Equistar which do not constitute Indebtedness (including a capital contribution in respect of such Equity Interests).
View Source
Equity Refinancing means the offering, sale and issuance by GeoMet of Series A Convertible Redeemable Preferred Stock as contemplated in that certain Investment Agreement dated June 2, 2010 by and between GeoMet and Sherwood Energy, LLC, including the issuance of Common Stock upon conversion of such Series A Convertible Redeemable Preferred Stock.
View Source
Equity Refinancing means the redemption or other retirement of capital stock of the Borrower exclusively with the proceeds of a substantially simultaneous sale of capital stock of the Borrower (other than Redeemable Stock).
View Source

Examples of Equity Refinancing in a sentence

  • For obtaining loans to the Company or refinancing on Company properties, the Advisor or an Affiliate is to receive a Mortgage Brokerage and Equity Refinancing Fee equal to the lesser of (a) 1% of the amount of the loan or the amount refinanced or (b) a brokerage or refinancing fee which is reasonable and fair under the circumstances; provided, however that no such fee shall be paid on loans from the Advisor or an Affiliate without the approval of the Board of Directors.

  • For obtaining loans to the Company or refinancing on Company properties, the Advisor or an Affiliate is to receive a Mortgage Brokerage and Equity Refinancing Fee equal to the lesser of (a) 1% of the amount of the loan or the amount refinanced or (b) a brokerage or refinancing fee which is reasonable and fair under the circumstances; provided, however, that no such fee shall be paid on loans from the Advisor or an Affiliate without the approval of the Board of Directors.

  • Interest shall accrue as follows: (i) from the Closing Date through June 14, 2016, PIK Interest shall accrue on the Loans at a rate of 5.00% per annum and Cash Interest shall accrue on the Loans at a rate of 7.00% per annum; and (ii) from June 15, 2016 and thereafter, Cash Interest shall accrue on the Loans at a rate of 12.00% per annum, unless the 2016 Notes Equity Refinancing shall have occurred by such date, in which case, interest shall accrue as provided in clause (i).

  • The Borrower will not declare or make and will not permit any Subsidiary to make any Restricted Payment other than in connection with (i) an Equity Refinancing or (ii) the Stock Repurchase Program.

  • For obtaining loans to the Trust or refinancing on Trust properties, the Advisor or an Affiliate is to receive a Mortgage Brokerage and Equity Refinancing Fee equal to the lesser of (a) 1% of the amount of the loan or the amount refinanced or (b) a brokerage or refinancing fee which is reasonable and fair under the circumstances; provided, however that no such fee shall be paid on loans from the Advisor or an Affiliate without the approval of the Board of Trustees.

  • For obtaining loans to the Company or refinancing on Company properties, the Advisor or an Affiliate is to receive a Mortgage Brokerage and Equity Refinancing Fee equal to the lesser of (a) 1 % of the amount of the loan or the amount refinanced or (b) a brokerage or refinancing fee which is reasonable and fair under the circumstances; provided, however, that no such fee shall be paid on loans from the Advisor or an Affiliate without the approval of the Board of Directors.

  • For obtaining loans to the Company or refinancing on Company properties, the Advisor or an Affiliate is to receive a Mortgage Brokerage and Equity Refinancing Fee equal to the 90 lesser of (a) 1% of the amount of the loan or the amount refinanced or (b) a brokerage or refinancing fee which is reasonable and fair under the circumstances; provided, however that no such fee shall be paid on loans from the Advisor or an Affiliate without the approval of the Board of Directors.