Quantum Debt definition

Quantum Debt means the 4 3/4% Convertible Subordinated Debentures due 2000 of Quantum Health Resources, Inc.
View Source

Examples of Quantum Debt in a sentence

  • Adecco shall take all corporate action necessary to reserve for issuance a sufficient number of Adecco ADSs for issuance to holders of Quantum Debt surrendering the instruments evidencing such Quantum Debt and, upon payment by OHS of the fair market value of such Adecco ADSs, shall provide such Adecco ADSs to OHS in satisfaction of such exchange obligation.

  • After the Effective Time, the Quantum Debt shall cease to represent any claim on the equity of Olsten.

  • Other than stock, if any, issued pursuant to the Olsten Plans, stock, if any, issued upon conversion of the Quantum Debt and stock, if any, issued upon exercise of stock options or the vesting of stock grants pursuant to the Olsten Common Stock Equivalents, there has not been any issuance of capital stock of Olsten since August 12, 1999.

  • As of April 4, 1999, there were 68,255,667 shares of Olsten Stock outstanding, 13,068,973 shares of Olsten Class B Stock outstanding, 45,700 shares of Olsten Stock held in Olsten's treasury and 7,475,040 shares of Olsten Common Stock (including 5,731,342 shares of Olsten Stock and 1,743,698 shares of Olsten Class B Stock) reserved for issuance upon the exercise of options theretofore granted pursuant to the Olsten Plans and upon conversion of the Quantum Debt (as defined in the Separation Agreement).

  • Olsten shall use its reasonable best efforts to cause the Board of Directors of Quantum Health Resources to approve the transactions contemplated hereby so as to cause such transactions not to be a Risk Event (as defined in the indenture, as supplemented, governing the Quantum Debt).

  • Except for the Olsten Common Stock Equivalents and the Quantum Debt, there are no options, warrants, calls, subscriptions, or other rights, agreements or commitments obligating Olsten to issue, transfer or sell any shares of capital stock of Olsten or any other securities convertible into or evidencing the right to subscribe for any such shares.

Related to Quantum Debt

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Project Finance Debt means Debt of any Subsidiary of the Borrower (i) that is (A) not recourse to the Borrower other than with respect to Liens granted by the Borrower on direct or indirect equity interests in such Subsidiary to secure such Debt and limited Guaranties of, or equity commitments with respect to, such Debt by the Borrower, which Liens, limited Guaranties and equity commitments are of a type consistent with other limited recourse project financings, and other than customary contractual carve-outs to the non-recourse nature of such Debt consistent with other limited recourse project financings, and (B) incurred in connection with the acquisition, development, construction or improvement of any project, single purpose or other fixed assets of such Subsidiary, including Debt assumed in connection with the acquisition of such assets, or (ii) that represents an extension, renewal, replacement or refinancing of the foregoing, provided that, in the case of a replacement or refinancing, the principal amount of such new Debt shall not exceed the principal amount of the Debt being replaced or refinanced plus 10% of such principal amount.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.