Repriced definition
Examples of Repriced in a sentence
For purposes of this Agreement, the Shares shall mean the Initial Shares (as defined below) and the Repriced Shares (as defined below).
The Company specifically acknowledges that its obligation to issue the Repriced Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company.
The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, shares of Common Stock sufficient to yield the number of shares of Common Stock issuable as may be required to issue the Repriced Shares.
The number of shares of Common Stock issuable as Repriced Shares may increase substantially in certain circumstances, including, but not necessarily limited to, the circumstance wherein the trading price of the Common Stock declines during the period between the Effective Date and the end of the Final Repricing Period.
The making of the Additional Repriced Term Loans by the New Term Loan Lenders shall conclusively be deemed to constitute an acknowledgement by the Administrative Agent and each New Term Loan Lender, and an agreement of the parties hereto, that each of the conditions precedent set forth in Section 6 hereof shall have been satisfied in accordance with its respective terms.
Notwithstanding the foregoing, dividends shall be payable solely in accordance with clause (ii) if cash dividends have not been paid on the Repriced Preferred Stock on the immediately preceding dividend payment date with respect to such Repriced Preferred Stock.
The undersigned Continuing Term Lender hereby irrevocably and unconditionally approves and consents to the Amendment as a party thereto and elects to continue all Existing Term Loans held by such Continuing Term Lender (or such lesser amount as the Borrower may approve, as notified to such Continuing Term Lender by or on behalf of the Lead Arrangers) as Repriced Term Loans.
The Company will irrevocably instruct its transfer agent to issue Repriced Shares from time to time in such amounts as shall be specified from time to time by the Company to the transfer agent, bearing the restrictive legend specified in Section 7 of this Agreement prior to registration of the Shares under the Securities Act, registered in the name of Purchaser or its nominee and in such denominations to be specified by Purchaser in connection with each Closing.
The Repriced Term Loans shall have the same terms as the Existing Term Loans, except as set forth in and modified by this Amendment.
The cash proceeds of the Repriced Term Loans made by the New Term Loan Lender shall be applied toward the payment of the aggregate outstanding principal amount of the Existing Term Loans that are not exchanged for Repriced Term Loans.