Permitted Equity has the meaning specified in the definition of the “Transactions.”
Permitted Equity means (a) common equity, (b) Qualified Capital Stock or (c) other preferred equity or other instruments having terms reasonably acceptable to the Administrative Agent.
Permitted Equity means any Equity Interests of the Borrower (or any parent thereof) that in the case of the Borrower, are not Disqualified Equity Interests.
Examples of Permitted Equity in a sentence
So long as any Preferred Shares remain outstanding, the Company and each Subsidiary shall be prohibited from effecting or entering into an agreement to effect any Subsequent Placement involving a Variable Rate Transaction (other than the Permitted Equity Line).
Enter into any Swap Agreement, except (a) Specified Swap Agreements which are entered into by a Group Member (i) to hedge or mitigate risks to which such Group Member has actual exposure, or (ii) to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of such Group Member, or (b) Permitted Equity Derivative Transactions.
More Definitions of Permitted Equity
Permitted Equity has the meaning assigned to such term in the Recitals to this Agreement.
Permitted Equity shall have the meaning assigned to such term in the definition of “Sponsor Contribution”.
Permitted Equity means Equity Interests of Intermediate Holdings issued in exchange for cash that by its terms (or by the terms of any Equity Interest into which it is convertible or for which it is exchangeable) or upon the happening of any event or otherwise, (a) does not mature and is not mandatorily redeemable, in whole or in part, or required (including at the option of the holder thereof) to be repurchased or redeemed, in whole or in part, by Intermediate Holdings, and which does not require the payment of cash dividends or distributions (other than Permitted Tax Payments), in each case, prior to the date that is at least one hundred eighty-one (181) days after the Maturity Date, (b) is not secured by the assets of any Loan Party, (c) is not convertible or exchangeable into Indebtedness of any Loan Party, (d) does not constitute Indebtedness of Intermediate Holdings or any Restricted Subsidiary, (e) does not result in a Change of Control and (f) is issued at a time and in a manner when no Event of Default then exists or would be caused thereby.
Permitted Equity means common equity, Qualified Stock or any other instrument with terms reasonably acceptable to the Joint Lead Arrangers.
Permitted Equity means common equity, Qualified Capital Stock or other preferred Capital Stock or in- struments having terms permitted under the Revolving Credit Facility.
Permitted Equity means Equity Interests issued by a Borrower after the Closing Date that are (i) approved by the Required Lenders, or (ii) are not approved by the Required Lenders, but which (A) do not impose upon a Borrower any obligation of redemption, payment of dividends, or like obligation, unless expressly subordinate to the full payment of the Obligations, and (B) to the extent required to be pledged pursuant to Section 6.4(c) hereof, are when issued made subject to a first priority perfected security interest in favor of Collateral Agent pursuant to documents approved by Collateral Agent in the instance.
Permitted Equity means Equity Interests issued by a Borroweri3 Verticals or HoldCo after the Closing Date that are (i) approved by the Required Lenders, or (ii) are not approved by the Required Lenders, but which (A) do not impose upon a Borrower or HoldCo any obligation of redemption, payment of dividends, or like obligation, unless expressly subordinate to the full payment of the Obligations, and (B) to the extent required to be pledged pursuant to Section 6.4(c) hereof, are when issued made subject to a first priority perfected security interest in favor of Collateral Agent pursuant to documents approved by Collateral Agent in the instance.