Redeemable Equity definition

Redeemable Equity means any Equity Interest of the Company or any of the Subsidiaries that by its terms (or by terms of any security into which it is convertible or for which it is exchangeable), or otherwise (including by the passage of time or the happening of an event), is required to be redeemed, is redeemable at the option of the holder thereof in whole or in part (including by operation of a sinking fund), or is convertible or exchangeable for Indebtedness of such Person (with a scheduled maturity prior to the 91st day immediately following the Maturity Date) at the option of the holder thereof, in whole or in part, at any time prior to the 91st day immediately following the Maturity Date (other than upon the occurrence of a change of control or asset sale); provided, however, that only the portion of such Equity Interest which is required to be redeemed, is so convertible or exchangeable or is so redeemable at the option of the holder thereof before such date will be deemed to be Redeemable Equity. However, Redeemable Equity will not include any common stock issued by the Company or the Subsidiaries to its employees or directors that is subject to repurchase by the Company or the Subsidiaries pursuant to the terms of any employment agreement, benefit plan or other arrangement. The amount of Redeemable Equity deemed to be outstanding at any time for purposes of the Indenture will be the maximum amount that the Company or any of the Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Redeemable Equity or portion thereof, exclusive of accrued dividends.

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Redeemable Equity of any Person means any equity interest of such Person that by its terms or otherwise, absolutely, contingently or otherwise, is or may be required to be redeemed or repurchased by such Person or is or may become redeemable or repurchasable at the option of the holder thereof.

Redeemable Equity means any equity security of the Company or any of its Subsidiaries that by its terms (or by terms of any security into which it is convertible or for which it is exchangeable), or otherwise (including by the passage of time or the happening of an event), is required to be redeemed (other than solely for Common Stock and cash in lieu of fractional shares), is redeemable (other than solely for Common Stock or another security that is not Redeemable Equity or Indebtedness and cash in lieu of fractional shares) at the option of the holder thereof in whole or in part (including by operation of a sinking fund), or is convertible or exchangeable for Indebtedness of such Person (with a scheduled maturity prior to the 91st day immediately following the Maturity Date), in each case, at the option of the holder thereof, in whole or in part, at any time prior to the 91st day immediately following the Maturity Date (other than upon the occurrence of a change of control or asset sale); provided, however, that only the portion of such Capital Stock which is required to be redeemed, is so convertible or exchangeable or is so redeemable at the option of the holder thereof before such date will be deemed to be “Redeemable Equity.” “Redeemable Equity” will not include any Common Stock issued by the Company or its Subsidiaries to the Company’s employees or directors that is subject to repurchase by the Company or its Subsidiaries pursuant to the terms of any employment agreement, benefit plan or other arrangement. The aggregate principal amount of Redeemable Equity deemed to be outstanding at any time for purposes of the Indenture will be the maximum amount that the Company or its Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Redeemable Equity or portion thereof, exclusive of accrued dividends.

Examples of Redeemable Equity in a sentence

No Redeemable Equity of the Company is authorized, issued or outstanding.
There are no (i) authorized or outstanding stock appreciation, phantom stock, profit participation, or similar rights with respect to or Redeemable Equity of, any Subsidiary of the Company or (ii) voting trusts, proxies, or other agreements or understandings with respect to the voting of any capital stock, membership interest or other equity or ownership interests of any such Subsidiary.
The accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, the reclassification of preferred stock as Indebtedness due to a change in accounting principles, and the payment of dividends on Redeemable Equity in the form of additional shares of the same class of Redeemable Equity will not be deemed to be an incurrence of Indebtedness for purposes of this Section 4.10.
Not, and not permit any Subsidiary to, issue any Redeemable Equity Interests.
The accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, the reclassification of preferred stock as Indebtedness due to a change in accounting principles, and the payment of dividends on Redeemable Equity in the form of additional shares of the same class of Redeemable Equity will not be deemed to be an incurrence of Indebtedness for purposes of this Section 4.09.
As of the Closing Date, no Redeemable Equity Interests are issued or outstanding.
Except as set forth in Section 4.5(a) of the Disclosure Schedule, no shares of capital stock of the Company of any class or series are reserved for issuance and no Redeemable Equity of the Company is authorized, issued or outstanding.
There are no (i) authorized or outstanding stock appreciation, phantom stock, profit participation, or similar rights with respect to, or Redeemable Equity of, any Subsidiary of the Company or (ii) voting trusts, proxies, or other agreements or understandings with respect to the voting of any capital stock, or other equity or ownership interests of any such Subsidiary.

More Definitions of Redeemable Equity

Redeemable Equity of any Person means any equity interest of such Person that by its terms or otherwise, absolutely, contingently or otherwise, is required to be redeemed or is redeemable at the option of the holder thereof at any time.

Redeemable Equity of any Person means any equity interest of such Person that

Redeemable Equity means any equity security of the Company that by its terms (or by terms of any security into which it is convertible or for

Redeemable Equity means any equity security of the Company or any of its Subsidiaries that by its terms (or by terms of any security into which

Redeemable Equity means any equity security of the Company that by its terms (or by terms of any security into which it is convertible or for