Initial Equity Stake definition

Initial Equity Stake means the number of shares of iVillage securities represented by the Investment Shares and the Merger Shares.
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Initial Equity Stake means the number of Class A Units held directly or indirectly by the Apollo Group as of the Closing Date.
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Initial Equity Stake means, as of the Closing Date [prior to giving effect to the redemption of Class A Units by Parent using proceeds from the Initial Public Offering], with respect to any Investor Group, the product of (x) the percentage of outstanding Class A Units of the Parent held by such Investor Group times (y) the aggregate number of outstanding shares of Common Stock held by the Parent divided by (z) the aggregate number of outstanding shares of Common Stock.
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Examples of Initial Equity Stake in a sentence

  • If, at any time during the Term of this Agreement, the Investor Group shall hold at least a Minimum Interest but less than sixty-six percent (66%) of the Initial Equity Stake, immediately upon such occurrence the Investor Group shall cause all the Investor Group Designees serving on the Board in excess of the number of Investor Group Designees described in Section 3.2(b)(iii) to resign from the Board, effective as of the date of such occurrence.

  • The property, business and affairs of the Corporation shall be managed by the Board of Directors.

  • For so long as the Holder Group holds at least 50% of Holder’s Initial Equity Stake, the Company’s obligations under this Section 5 shall survive.

  • If, at any time during the Term of this Agreement, the Investor Group shall hold at least sixty-six percent (66%) but less than eighty percent (80%) of the Initial Equity Stake, immediately upon such occurrence the Investor Group shall cause all the Investor Group Designees serving on the Board in excess of the number of Investor Group Designees described in Section 3.2(b)(ii) to resign from the Board, effective as of the date of such occurrence.

  • If Holder elects not to nominate a Holder Designee at any time or the Holder Designee resigns or is removed and is not replaced or nominated in accordance with and in the timeframe provided in Section 5(b) below, Holder may select one (1) non-voting observer to participate in any Board meeting (including any committee thereof) for so long as the Holder Group holds at least 50% of Holder’s Initial Equity Stake (the “Holder Observer”).

  • For so long as the Sponsor and its Affiliates collectively hold at least 50% of the Sponsor’s Initial Equity Stake, Parent’s obligations under this Section 5 shall survive.

  • If the Sponsor elects not to nominate a Sponsor Designee at any time or the Sponsor Designee resigns or is removed and is not replaced or nominated in accordance with and in the timeframe provided in Section 5(b), the Sponsor may select one (1) non-voting observer to participate in any Board meeting (including any committee thereof) for so long as the Sponsor and its Affiliates collectively holds at least 50% of the Sponsor’s Initial Equity Stake (the “Sponsor Observer”).

  • The rights of the Sponsor under this Agreement shall terminate in accordance with the terms of this Agreement and in any event, upon the later to occur of (a) the date that Sponsor and its Affiliates collectively beneficially own less than 50% of the Sponsor’s Initial Equity Stake and (b) the date that the last Sponsor Designee resigns or is fails to be reelected to the Board.


More Definitions of Initial Equity Stake

Initial Equity Stake means, with respect to an Investor Group, the Interests in the Managing Member acquired by such Investor Group as of the Closing of the transactions contemplated by the Stock Purchase Agreement, dated as of August 31, 2003 (as amended, supplemented or otherwise modified from time to time), among the Company, ▇▇▇ Holding Company, a Delaware corporation, and Nalco International S.A.S., a societe par actions simplifiee organized under the laws of the Republic of France, together with any Interests in the Managing Member which shall have been issued directly or indirectly with respect to or in exchange or substitution for or conversion of such Interests by way of dividend or distribution, recapitalization, merger, consolidation, exchange or other reorganization, including securities of any other entity or entities created through any Solvent Reorganization.
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Initial Equity Stake means, with respect to a Sponsor Member, the Units owned by such Sponsor Member as of the Effective Date together with any Units which shall have been issued directly or indirectly with respect to or in exchange or substitution for or conversion of such Units by way of dividend or distribution, recapitalization, merger, consolidation, exchange or other reorganization, including securities of any other entity or entities created through any Solvent Reorganization.
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Initial Equity Stake means, with respect to an Investor Member, the Units owned by such Investor Member immediately following the closing of the acquisition of HCA by the Company.
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Related to Initial Equity Stake

  • Total Equity Value means, as of any date of determination, the aggregate proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good faith based upon the Class A Common Stock Value as of such date.

  • Total Equity as of any date, means the total equity attributable to the Company’s shareholders on a consolidated basis determined in accordance with U.S. GAAP, as shown on the consolidated balance sheet of the Company for the most recent fiscal quarter.

  • Control Investment Affiliate as to any Person, any other Person that (a) directly or indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

  • Special Equity Interest means any Equity Interest that is subject to a Lien in favor of creditors of the issuer of such Equity Interest, provided that (a) such Lien was created to secure Indebtedness owing by such issuer to such creditors, (b) such Indebtedness was (i) in existence at the time the Obligors acquired such Equity Interest, (ii) incurred or assumed by such issuer substantially contemporaneously with such acquisition or (iii) already subject to a Lien granted to such creditors and (c) unless such Equity Interest is not intended to be included in the Collateral, the documentation creating or governing such Lien does not prohibit the inclusion of such Equity Interest in the Collateral.

  • Initial Investment : means the amount that you initially subscribed to invest into the Plan.