Qualified Deleveraging Event. Either (i) a firm commitment underwritten public offering of the equity interests of Spirit MTA or any direct or indirect parent entity of Spirit MTA pursuant to a registration statement under the Securities Act, which results in aggregate cash proceeds to Spirit MTA or any direct or indirect parent entity of Spirit MTA of at least $75 million (net of underwriting discounts and commissions), (ii) an acquisition (whether by merger, consolidation or otherwise) of greater than fifty percent (50%) of the voting equity interests of Spirit MTA, or any direct or indirect parent of Spirit MTA by any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) or (iii) Spirit MTA or any direct or indirect parent or subsidiary of Spirit MTA sells or transfers (whether by merger, consolidation or otherwise) all of its interests in the Issuers or the Issuers convey or transfer (whether by merger, consolidation or otherwise) all or substantially all the Collateral Pool in accordance with the applicable restrictions in the Indenture (in each case, other than a sale, transfer or other conveyance to a direct or indirect parent or wholly owned subsidiary of Spirit MTA).
Qualified Deleveraging Event. Except as otherwise defined in a related Series Supplement with respect to a particular Series of Notes, (i) one or more firm commitment underwritten public offerings of the equity interests of STORE Capital or any direct or indirect parent entity of STORE Capital pursuant to a registration statement under the Securities Act, which result in aggregate cash proceeds to STORE Capital or any direct or indirect parent entity of STORE Capital of at least $75,000,000 (net of underwriting discounts and commissions), (ii) an acquisition of greater than fifty percent (50%) of the equity interests of STORE Capital or any direct or indirect parent of STORE Capital by an entity that has shares that are traded on a national exchange, or (iii) the firm commitment purchase by one or more third parties unaffiliated with the Issuers of at least $100,000,000 of unsecured corporate debt of STORE Capital or any of its subsidiaries with an investment grade rating published by Xxxxx’x, S&P or another nationally recognized statistical rating organization.
Qualified Deleveraging Event either (i) a firm commitment underwritten public offering of the equity interests of AFOP or any direct or indirect parent entity of AFOP pursuant to a registration statement under the Securities Act, which results in aggregate cash proceeds to AFOP or any direct or indirect parent entity of AFOP of at least $75,000,000 (net of underwriting discounts and commissions), (ii) an acquisition (whether by merger, consolidation or otherwise) of greater than fifty percent (50%) of the equity interests of AFOP or any direct or indirect parent of AFOP by any person or entity or group of affiliated persons or entities, or (iii) the good faith purchase by a third party unaffiliated with the Issuers of at least $50,000,000 of unsecured corporate debt of AFOP or any direct or indirect parent of AFOP.
Examples of Qualified Deleveraging Event in a sentence
In addition, after each of the Series 2015-1 Notes and the Series 2016-1 Notes have been repaid in full, for any release of Owned Properties, Hybrid Leases or Loans in connection with a Qualified Deleveraging Event, (i) no Make Whole Amount shall be due with respect to such release and (ii) the Released Assets in connection with such release shall not be counted toward the calculation of all Released Assets subject to the 35% limitation described above.
More Definitions of Qualified Deleveraging Event
Qualified Deleveraging Event. As defined in the Property Management Agreement.
Qualified Deleveraging Event. As defined in the Indenture.
Qualified Deleveraging Event either (i) one or more firm commitment underwritten public offerings of the equity interests of Sponsor or any direct or indirect parent entity of Sponsor pursuant to a registration statement under the Securities Act, which results in aggregate cash proceeds to Sponsor or any direct or indirect parent entity of Sponsor of at least $75,000,000 (net of underwriting discounts and commissions), (ii) an acquisition (whether by merger, consolidation or otherwise) of greater than fifty percent (50%) of the equity interests of Sponsor or any direct or indirect parent entity of Sponsor by any person or entity or group of affiliated persons or entities, or (iii) the good faith purchase by a third party unaffiliated with the Issuer of at least $100,000,000 of unsecured corporate debt of Sponsor or any direct or indirect parent entity of Sponsor.
Qualified Deleveraging Event either (i) a firm commitment underwritten public offering of the equity interests of SCF Realty Capital or any direct or indirect parent entity of SCF Realty Capital pursuant to a registration statement under the Securities Act, which results in aggregate cash proceeds to SCF Realty Capital or any direct or indirect parent entity of SCF Realty Capital of at least $75 million (net of underwriting discounts and commissions), (ii) an acquisition of greater than fifty percent (50%) of the equity interests of SCF Realty Capital or any direct or indirect parent of SCF Realty Capital by an entity that has shares that are traded on a national exchange or (iii) the good faith purchase by a third party, unaffiliated with the Issuer of at least $50,000,000 of unsecured corporate debt by SCF Realty Capital with an investment grade rating published by Xxxxx’x Investor Services, Inc., S&P or another nationally recognized statistical rating organization.
Qualified Deleveraging Event means either (i) a firm commitment underwritten public offering of the equity interests of SMTA or any direct or indirect parent entity of SMTA pursuant to a registration statement under the Securities Act, which results in aggregate cash proceeds to SMTA or any direct or indirect parent entity of SMTA of at least $75.0 million (net of underwriting discounts and commissions), (ii) an acquisition (whether by merger, consolidation or otherwise) of greater than 50% of the voting equity interests of SMTA, or any direct or indirect parent of SMTA by any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) or (iii) SMTA or any direct or indirect parent or subsidiary of SMTA sells or transfers (whether by merger, consolidation or otherwise) all of its interests in the note issuers or the note issuers convey or transfer all or substantially all the collateral pool (described below) in accordance with the applicable restrictions in the indenture (in each case, other than a sale, transfer or other conveyance to a direct or indirect parent or wholly owned subsidiary of SMTA).