Replacement Capital definition

Replacement Capital means the purchase of existing shares in a company from an earlier investor or shareholder;

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Replacement Capital means ordinary shares and/or Parity Obligations issued for the purpose of funding the redemption of the Class E Preference Shares.

Replacement Capital. ’ means shares or other securities issued by HBOS or shares or other securities issued by a Subsidiary or other entity which would, under the then generally accepted accounting practice in the U.K., qualify as at the date thereof for treatment as a minority interest or shareholders’ funds in HBOS’s accounts.

Examples of Replacement Capital in a sentence

• Capitalized terms used in this Replacement Capital Covenant (including the Recitals) have the meanings set forth in Schedule I hereto.

• From and after the Termination Date, the obligations of the Corporation pursuant to this Replacement Capital Covenant shall be of no further force and effect.

• Other than the Covered Debtholders as provided in the previous sentence, no other Person shall have any rights under this Replacement Capital Covenant or be deemed a third party beneficiary of this Replacement Capital Covenant.

• Other than the Covered Debtholders as provided in the two previous sentences, no other Person shall have any rights under this Replacement Capital Covenant or be deemed a third party beneficiary of this Replacement Capital Covenant.

• Except as specifically provided herein, this Replacement Capital Covenant shall have no other beneficiaries and no other Persons are entitled to rely on this Replacement Capital Covenant.

More Definitions of Replacement Capital

Replacement Capital means the purchase of existing shares in a company from another private equity investment organisation or from another shareholder or shareholders. Replacement capital is also called secondary purchase;

Replacement Capital means ordinary shares and/or other securities which constitute obligations of the Issuer ranking pari passu with the Subordinated Notes issued for the purpose of funding the redemption of the Subordinated Notes.

Replacement Capital means shares or other securities issued by the Guarantor or a Subsidiary or other entity which would, under the then generally accepted accounting principles in Ireland, qualify as at the date thereof for treatment as a minority interest or shareholders’ funds in the Guarantor’s accounts;

Replacement Capital means shares, securities or other obligations as are mentioned in

Replacement Capital means shares or other securities issued by the Guarantor or a Subsidiary or other entity which would, under the then generally accepted accounting principles in Ireland, qualify as at the date thereof for treatment as a minority interest or within shareholders’ funds in the Guarantor’s accounts;

Replacement Capital. ’ means shares or other securities issued by the Guarantor or a Subsidiary or other entity which would, under IFRS, qualify as at the date thereof for treatment as a minority interest or within shareholders’ funds in the Guarantor’s accounts or otherwise as Tier 1 Capital of the Guarantor;

Replacement Capital means any (a) ordinary shares of Halifax Group, (b) preferred or preference shares of Halifax Group or (c) preference shares or preferred securities or other securities issued by anyshares or other securities issued by HBOS or shares or other securities issued by a Subsidiary entitled to the benefit of a guarantee or support agreement from Halifax Group expressed to rank pari passu with or junior to the Guarantee and qualifying to be accounted for as a minority interest underwhich would, under the then generally accepted accounting practice in the U.K., qualify as at the date hereofthereof, made for the purpose of funding any Optional Redemption Price, Capital Redemption Price or,treatment as the case may be, Liquidation Distribution pursuant to paragraph 4.5a minority interest or shareholders’ funds in HBOS’s accounts;