Private Equity Securities definition

Private Equity Securities means, at any time of determination, any Equity Security which the Borrower believes in good faith (based on the facts and circumstances available to it) is (i) commonly regarded by investment professionals as a "private equity security" and (ii) not traded or listed on any national or regional securities exchange, any designated offshore Securities market (as defined in Regulation S under the Securities Act) or on the NASDAQ National Market and is not actively quoted or traded on any automated quotation system or in the over-the-counter market; provided, however, that "Private Equity Securities" shall not include (a) any Equity Securities convertible or exchangeable for any Equity Securities traded or quoted in the markets described in clause (ii) above, (b) any equity Securities which may be resold under an effective registration statement under the Securities Act at the time of determination or (c) any Investment Holding Subsidiary Securities.
View Source
Private Equity Securities means, at any time of determination, any Equity Security which the Issuer believes in good faith (based on the facts and circumstances available to it) is (i) commonly regarded by investment professionals as a "private equity security" and (ii) not traded or listed on any national or regional securities exchange, any designated offshore Securities market (as defined in Regulation S under the Securities Act) or on the NASDAQ National Market and is not actively quoted or traded on any automated quotation system or in the over-the-counter market; provided, however, that "Private Equity Securities" shall not include (a) any Equity Securities convertible or exchangeable for any Equity Securities traded or quoted in the markets described in clause (ii) above, or (b)any equity Securities which may be resold under an effective registration statement under the Securities Act at the time of determination.
View Source
Private Equity Securities means unlisted or illiquid equity securities or equity-related securities (including preferred equity, convertible debt or similar securities) that are acquired or proposed to be acquired in privately negotiated transactions.
View Source

Examples of Private Equity Securities in a sentence

  • Nothing in this paragraph shall prevent the accrual of Additional Interest on any Registrable Securities, Exchange Securities or Private Equity Securities.

  • Borrowers shall use commercially reasonable efforts to acquire and deliver to Lender, on or before the Compliance Date, such consents and related certificates regarding the Pledged Private Equity Securities.

  • Schedules 1.1(a) and 1.1(b) include the initial collateral values assigned to the Pledged Auction Rate Securities and the Pledged Private Equity Securities for the determination of the adequacy of the Collateral under Section 2.5(b).

  • Borrowers shall not engage in any business activities other than the ownership, funding, management, sale and administration of the Pledged Auction Rate Securities, the Pledged Private Equity Securities, the Excluded Auction Rate Securities, the Excluded Consent Interests, and activities appropriately incidental thereto.

  • The execution, delivery and performance of the Loan Documents (including, but not limited to, the grant of a security interest therein and the exercise of remedies provided for in the Loan Documents) do not cause a breach, change voting rights, create a discount purchase right, or otherwise change any rights or duties under the terms of the applicable Constituent Documents to the detriment of the holder of the Pledged Private Equity Securities.


More Definitions of Private Equity Securities

Private Equity Securities means any securities from time to time distributed to investors in any Private Equity Partnership;
View Source