Examples of Permitted Preferred Equity in a sentence
Neither Borrower nor any direct or indirect owner of Borrower shall: incur any Mezzanine Debt other than Permitted Mezzanine Debt; issue any Preferred Equity other than Permitted Preferred Equity; or incur any similar indebtedness or issue any similar equity.
Issue any Preferred Equity other than Permitted Preferred Equity.
Upon the redemption or repurchase by LSGC of any of the issued and outstanding Series G Preferred Stock (or MFN Securities, if any) or any other Permitted Preferred Equity (as defined in the Holdings LLC Agreement), Holdings shall, or shall cause LSGC to, redeem the Class C Preferred Interests.
Neither Borrower, any Master Lessee nor any direct or indirect owner of Borrower or any Master Lessee shall: incur any Mezzanine Debt other than Permitted Mezzanine Debt; issue any Preferred Equity other than Permitted Preferred Equity; or incur any similar indebtedness or issue any similar equity.
Each Loan Party will not, and will not permit any of its Restricted Subsidiaries to make any Restricted Payment other than (a) the Permitted Preferred Equity Payments, (b) the Permitted Preferred Equity Redemption and (c) the Permitted MVS Equity Redemption.