Stock Repurchase Program definition

Stock Repurchase Program means [the stock repurchase program approved by the Board of Directors of the Corporation on February 12, 1998].

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Stock Repurchase Program means that certain stock repurchase program approved by the Board of Directors of the Borrower whereby the Borrower may purchase common Equity Interests of the Borrower, for an aggregate amount not to exceed $10,000,000, consisting of (i) $5,000,000 of common Equity Interests that the Borrower may purchase over the twenty-four month period commencing November, 2011, and (ii) an additional $5,000,000 of common Equity Interests that the Borrower may purchase over the twenty-four month period commencing December, 2012.

Examples of Stock Repurchase Program in a sentence

Make, declare, pay or set aside for payment any extraordinary dividend, other than in connection with the United Stock Repurchase Program.
Make, declare, pay or set aside for payment any extraordinary dividend, other than in connection with the United Stock Repurchase Program; provided that the foregoing restriction shall not restrict United from making, declaring or paying its regular quarterly cash dividends and dividends from wholly-owned Subsidiaries to United or another wholly-owned Subsidiary of United (which, for the avoidance of doubt, will continue to be paid).
The Company shall have terminated all Company Stock Plans and the Stock Repurchase Program and, after giving effect to Section 6.04, all Company Stock Options shall have been cancelled or terminated.
It is the intent of the parties that the Trust participate in the Stock Repurchase Program on a pro rata basis with the public stockholders.
Notwithstanding the foregoing, until September 5, 2011, OMP shall be permitted to maintain brokerage account number F ▇▇▇▇▇▇▇▇ with ▇▇▇▇▇▇ ▇▇▇▇▇▇ Partners (the “TWP Account”) solely for the purpose of facilitating the Stock Repurchase Program, which account shall not be governed by an Account Control Agreement.

More Definitions of Stock Repurchase Program

Stock Repurchase Program means the two-year stock repurchase program, as in effect on the Issue Date, to repurchase of up to $500 million in the Company’s outstanding Capital Interests.

Stock Repurchase Program shall have the meaning ascribed to such term in Section 8.5 of this Agreement.

Stock Repurchase Program means an arrangement entered into between Parent and Citibank, N.A. whereby Parent simultaneously sells and purchases offsetting put and call options with maturities of up to one year. Under the program Parent will from time to time enter into transactions which do not require Parent to fund share repurchases on the trade date, but rather give Parent the benefit of locking in a future purchase price for its stock close to the current market price and the right to all or a portion of any appreciation in the shares between the trade date and the option expiration date. The options provide Parent with the right to either fully purchase the shares on the option expiration date at the agreed upon future price or to receive or pay the difference between the agreed upon future price and the market price at option expiration, in cash or in shares of its stock. As part of the transaction, in order to minimize the future price, the benefit of Parent's stock appreciation is capped at a predetermined level. Any cash settlements will be funded through dividends to be paid by the Borrower to Parent.

Stock Repurchase Program means the stock repurchase program approved by NCFC's Board of Directors on February 18, 1999 pursuant to which NCFC may spend up to $10,000,000 to repurchase shares of NCFC common stock on the open market or in negotiated transactions.

Stock Repurchase Program means (i) as to any repurchases of CDC Common Shares, the Company's existing stock repurchase program and any replacement or supplemental stock repurchase program of the Company as approved by the independent members of the Board of Directors of the Company that allows repurchases consistent with the past practice of the Company and (ii) as to any repurchases of Common Shares of a CDC Entity after a Qualified IPO, any stock repurchase program of such CDC Entity and any replacement or supplemental stock repurchase program of such CDC Entity as approved by the independent members of the Board of Directors of such CDC Entity.

Stock Repurchase Program means the stock repurchase program, as in effect on the Issue Date, or any such similar plan as may be adopted by the Company after the Issue Date to repurchase outstanding shares of the Company’s Capital Interests.

Stock Repurchase Program means the purchase by the Borrower at any time ------------------------ or from time to time during the period commencing May 12, 1994 and ending on December 31, 1995 of its common stock for an aggregate cost not exceeding $50,000.000.