Junior Equity definition
Examples of Junior Equity in a sentence
Such product shall be added to the Holder Return on Senior Equity, the Holder Return on Junior Equity, the Holder Senior Equity Amount and the Holder Junior Equity Amount and such sum shall equal the Redemption Price.
The Trust may make partial redemptions, at any time and from time to time, so long as it finances such redemptions with the proceeds of (i) an offering of Junior Equity Interests, (ii) a liquidation of assets, or (iii) payments received from bonds or other Investments, and the Trust selects the Shares to be redeemed by lot.
Such product shall be added to the Holder Return on Senior Equity and the Holder Return on Junior Equity and such sum shall equal the Redemption Price.
The EQ2 Securities rank pari passu with other Equity Equivalents executed by the Company (except Junior Equity Equivalents, to which they are senior) and are subordinate and junior in right of payment to the Senior Indebtedness to the extent set forth in Article VI hereof.
The right of current and former holders of the Series A-1 Preferred Shares and any Equity Interests that rank on parity with the Series A-1 Preferred Shares, after required payments to any holders of Equity Interests ranking senior thereto, to said payments shall be senior to any right to payment of the holders of common shares or any other Junior Equity Interests.
The balance of the Return on Junior Equity on the Calculation Date shall be subtracted from the Section 5 balance.
The right of current and former holders of Series A Preferred Shares to said payments shall be senior to any right to payment of the holders of common shares or any other Junior Equity Interests.
Until the holders of the Series A Preferred Shares have been paid the Liquidation Preference in full, no payment will be made to any holder of Junior Equity Interests upon the liquidation, dissolution or winding up of the Company.
The balance of the Holder Junior Equity Amount on the Calculation Date shall be subtracted from the Section 7 balance.