Temporary Equity definition

Temporary Equity any amount included on the consolidated balance sheet of the Company and its Subsidiaries at such date as it pertains to (i) the repurchase of the Company's common stock using derivative financial instruments indexed to, and potentially settled in, the Company's own stock and (ii) amounts attributed to the consolidation of special purpose vehicle(s) that are created for the sole purpose of engaging in transactions to effect the Company's repurchase of its own stock.
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Examples of Temporary Equity in a sentence

  • None of the SEC Documents, contained, when filed or, if amended prior to the date of this Agreement, as of the date of such amendment with respect to those disclosures that are amended, any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, except for the Warrant Accounting Issue and the Temporary Equity Issue.

  • Temporary Equity Contracts shall represent any authorized aggregate purchase obligation, and shall be substantially in the respective forms of the definitive Equity Contracts but with such omissions, insertions and variations as may be appropriate for temporary Equity Contracts, all as may be determined by the Corporation.

  • Temporary Equity Contracts.....................................................................18 Section 6.05.