Equity Swap definition

Equity Swap means the sale by Holdings of approximately 35,601.68 ----------- shares of Series C Preferred Stock to certain of its existing equity investors for approximately $3,560,117 and the simultaneous redemption by Holdings of approximately 35,601.68 shares of Series C Preferred Stock held by its existing equity investor, ▇.▇. ▇▇▇▇▇▇ and one or more of its Affiliates, for approximately $3,560,117.

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Equity Swap. ’ means any swap that is

Examples of Equity Swap in a sentence

Each of the Guarantors hereby jointly and severally guarantees to each Lender, each Affiliate of a Lender that enters into a Hedging Agreement or enters into an Equity Swap Agreement, and the Agent as hereinafter provided the prompt payment of the Credit Party Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof.
Pursuant to the Equity Swap Agreements, Lagerinn bears the economic risk and benefit of the Shares.
The parties agree that this Agreement shall be amended in the same way, MUTATIS MUTANDIS, as the Equity Swap Confirmation as may be necessary to restore this Agreement to its economic value to both parties immediately prior to such event.
Unless otherwise agreed by the parties, the preparation of a Transaction Supplement shall be the responsibility of (i) in the case of a Transaction Supplement relating to an Option Transaction, the Seller and (ii) in the case of a Transaction Supplement relating to an Equity Swap Transaction, the Equity Amount Payer.
On the Closing Date, Lagerinn is obligated to purchase the Shares from Kaupthing pur▇▇▇▇▇ ▇▇ the Equity Swap Agreements.
Lagerinn has the right at any time to close out the Equity Swap ▇▇▇▇▇▇▇nts and purchase the Shares.
Tewina shall notify Trief of the date on which the Equity Swap Transaction so terminates and of the amended Expiration Date, such notice to be given prior to the date of termination of the Equity Swap Transaction.
If Lagerinn does not purchase the Shares by April 5, 2006, Kaupthi▇▇ ▇▇▇ ▇he right to dispose of the Shares as it sees fit ▇▇▇ ▇▇▇▇l pay to Lagerinn, with respect to the Shares purchased pursuant to each Equity Swap Agreement, the increase in value of such Shares from the date of such Equity Swap Agreement (subject to certain offsets for fees and brokerage commissions).
In the event that Lagerinn does not purchase the Shares by April 5, 2006 and the ▇▇▇▇▇▇ ▇ecrease in value, Lagerinn shall pay to Kaupthing, with respect to the Shares purchased pursuant to each Equity Swap Agreement, the amount of the decrease in value of such Shares from the date of such Equity Swap Agreement (together with certain fees and brokerage commissions).
Subject to Section 4.8, each of the Guarantors hereby jointly and severally guarantees to each Lender, each Affiliate of a Lender that enters into a Hedging Agreement or enters into an Equity Swap Agreement, and the Agent as hereinafter provided the prompt payment of the Credit Party Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof.

More Definitions of Equity Swap

Equity Swap means the confirmation dated 29 CONFIRMATION" November, 2002 evidencing the Equity Swap Transaction;

Equity Swap shall have the meaning set forth in Section 4.5.

Equity Swap means the equity swap transaction in TRANSACTION" relation to the Shares between Floscule B.V. and Credit Agricole Lazard Financial Products Bank;

Equity Swap means transactions entered into by the Borrower in April 1998 (for 2,000,000 shares of the Borrower's stock) and October 1998 (for 500,000 and 95,000 shares of the Borrower's stock) in which: (1) the Borrower sold put options that entitle the holder of the options to sell the above shares of the Borrower's common stock to the Borrower at certain predetermined prices, and (2) the Borrower purchased call options that entitle the Borrower to buy the above shares of its common stock at certain predetermined prices. The options will be settled with shares of the Borrower's common stock having a value equal to the difference between the exercise price and the market value at the time of exercise.

Equity Swap means any plan, contract, authorization or arrangement of the Company that allows an employee of the Company to elect to receive all or any portion of an Annual Bonus or LTIP Award (plus, in some situations, a premium) in Common Shares, a portion of which may be Restricted Common Shares, subject to Section 83 Restrictions. "Equity Swap Common Shares" refers to the Common Shares received pursuant to an Equity Swap election (including any Restricted Common Shares received pursuant to such Equity Swap election). A "Deferred Equity Swap" refers to an election to defer under Section 2.4 (e) of this Plan, as Common Share Units (described at Section 4.3 (e)), the Equity Swap Common Shares the individual would have otherwise received in the absence of a deferral election hereunder.