Retained Equity definition

Retained Equity means the Existing Equity Interest in PREIT, as retained by the Existing Equity Holders pursuant to the terms of the Plan as of the Effective Date.

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Retained Equity has the meaning set forth in Section 1.20.

Retained Equity means the proportion of the Market Value in a Shared-Ownership Dwelling represented by such share of unsold equity

Examples of Retained Equity in a sentence

• Such TransCo Common Units and the ITC Common Stock into which they convert are referred to collectively as the “Retained Equity.” At the Closing, the Retained Equity shall be contributed by Entergy to, and thereafter held by, a Delaware trust or other arrangement mutually agreed to by ITC and Entergy (the “Exchange Trust”).

• Entergy shall not control the Exchange Trust or the Retained Equity held by it, other than the right to cause the Retained Equity to be distributed pursuant to this Section 1.20.

• Borrower shall take any and all actions necessary or as Agent may reasonably request, to create and maintain a valid perfected first-priority Lien in the Attached Equity Interests and any Retained Equity Interests, including, without limitation, by delivery of duly executed blank transfer powers.

• The trust agreement governing the Exchange Trust shall provide that, following the Closing, the Retained Equity may not be transferred other than pursuant to this Section 1.20, and that the Trustee will vote the Retained Equity in any and all matters on which such Retained Equity is entitled to vote in the same proportion as all voting securities of ITC (other than the Retained Equity) that actually vote on such matter are voted.

• Except (x) as provided in Section 7.10, (y) for any transfer or assignment of Attached Equity Interests or Retained Equity Interests by Harvest to any Subsidiary Borrower or by any Subsidiary Borrower to Harvest, and (z) for any transfer or assignment to the ICC Loan Holder by Harvest of Harvest’s right, title, and interest in, and rights and obligations under, the ICC Loan, Borrower shall not sell, lease, transfer, pledge, encumber, assign or otherwise dispose of any Collateral.

More Definitions of Retained Equity

Retained Equity means common stock of the Company (including those shares held by the Management Investors) outstanding prior to the Merger that, pursuant to the Merger, remains outstanding after the Merger and having an aggregate value (based on the Cash Consideration per share paid for the Company's common stock in the Merger) equal to approximately $18,100,000.

Retained Equity means Shares having a value (based on the Cash Merger Consideration) of approximately $13,300,000 and that will be held by the Continuing Shareholders and, possibly, certain other existing stockholders of Holdings immediately after the Closing Date.

Retained Equity means, as of any time of determination, the sum of (i) the Common Units issued to the BR Member as of the date of this Agreement, (ii) the Common Units issued from time to time to the BR Member hereunder and/or pursuant to any Equity Agreement and any other Equity Securities issued to or acquired by the BR Member and (iii) any securities issued directly or indirectly with respect to the foregoing securities by way of a unit split, unit dividend, or other division of securities, or in connection with a combination of securities, recapitalization, merger, consolidation, or other reorganization, in each case to the extent retained by the BR Member as of such determination date. As to any particular securities, such securities shall remain Retained Equity in the hands of transferees, including the BR Equityholders, but such securities shall cease to be Retained Equity when they have been (A) effectively registered under the Securities Act and disposed of in accordance with the registration statement covering them, (B) distributed to the public through a broker, dealer or market maker pursuant to Rule 144 under the Securities Act (or any similar provision then in force) or (C) redeemed or repurchased by the Company or any Subsidiary or any designee thereof pursuant to Section 9.7 or Section 9.8 of this Agreement. Any Retained Equity repurchased by the Company pursuant to Section 9.11 of this Agreement shall continue to be treated as Retained Equity of the BR Member solely for purposes of calculating the Minimum Threshold.

Retained Equity means an amount equal to the product of (i) $18.05451 times (ii) the number of Post-Merger Management Shares and Non-Cash Election Shares.

Retained Equity has the meaning assigned in Section 4.3(h)(8).

Retained Equity. Amount shall mean initially zero, which amount shall be (x) increased by the net cash proceeds from all sales or issuances of equity by Holdings (but only to the extent such net cash proceeds are contributed to the equity of the Borrower) after the Restatement Effective Date (but excluding such net cash proceeds to the extent (i) same are required to be used to repay principal of outstanding Term Loans as required by Section 2.6(g) or to repay principal of outstanding Revolving Loans pursuant to Section 2.6(a) as a result of a mandatory reduction of Revolving Loan Commitments pursuant to Section 2.6(g) or (ii) such proceeds were received from one or more Public Equity Offerings and are used to repurchase, repay or retire Senior Subordinated Notes) and (y) decreased, on the date each Capital Expenditure or Investment is made pursuant to Section 8.4(b)(iii) or Section 8.5(m) by the amount of such Capital Expenditure or Investment.

Retained Equity shall have the meaning referred to in Clause 16.6(a);