Permitted Share Issue means an issue of:
Permitted Share Issue means an issue of shares by a member of the Group (other than Borrower) to its immediate Holding Company where (if the existing shares of the relevant member of the Group are the subject of the Security Documents) the newly-issued shares also become subject to the Security Documents on the same terms.
Permitted Share Issue means (a) the issue of Equity Interests pursuant to any warrants, rights, options, convertible debt securities or any other convertible securities (including pursuant to any anti-dilution provisions contained in the agreements governing such securities) issued by Parent and outstanding on the Issue Date; (b) the issue by Parent of any Equity Interests pursuant to any share option scheme or issue of free shares to senior management of the Group; (c) distributions in the form of common or perpetual preferred Equity Interests by any member of the Group (other than Parent) to its shareholders or equityholders on a pro rata basis; (d) the issue of common or perpetual preferred Equity Interests (i) by an Obligor to an Obligor; (ii) by a non-Obligor Restricted Subsidiary to a non-Obligor Restricted Subsidiary; (iii) by an Obligor to a non-Obligor Restricted Subsidiary; (iv) by a non-Obligor that is a Wholly Owned Restricted Subsidiary to an Obligor in exchange for consideration consisting solely of non-cash and non-Cash Equivalent Investments; (v) in connection with a Permitted Acquisition under clause (b) of the definition thereof or a Permitted Investment; and (vi) by a non-Obligor Restricted Subsidiary to an Obligor for consideration in an amount not to exceed in aggregate in respect of all Equity Interests issued after the Restructuring Effective Date, $300,000,000 (or its equivalent in another currency or currencies) (not including any Equity Issuances pursuant to clause (h) of this definition), plus the Available Amount that is Not Otherwise Applied, less the aggregate principal amount of loans made by Obligors to members of the Group that are not Obligors, after the Restructuring Effective Date pursuant to clause (b) of the definition of Permitted Loan, less the aggregate amount of outstanding obligations subject to a Permitted Guarantee pursuant to clause (d) of the definition of Permitted Guarantee (such aggregate principal amount outstanding to be reduced by the amount of any dividends or share capital redemptions received by any Obligor paid in respect of any Equity Interests issued by any non-Obligor pursuant to this clause (d)(vi)); (e) the issue by Parent of its own Equity Interests (other than Disqualified Stock) or warrants, rights and/or options for such Equity Interests; (f) the issue of common or perpetual preferred Equity Interests in connection with any Qualifying Business Disposal; (g) the issue of Equity Interests by non-Obligor Restricted ...
Examples of Permitted Share Issue in a sentence
Except for a Permitted Share Issue, a Permitted Disposal, a Permitted Holdco Activity or a Permitted Transaction, no Obligor shall (and the Company shall ensure that no other Group Member will) issue any shares or grant any conditional or unconditional option, warrant or other right to call for the issue or allotment of, subscribe for, purchase or otherwise acquire any share of any Group Member.
Other than (A) a Permitted Share Issue, (B) guarantee fees in relation to the Senior Bank Debt Guarantee in the amount not exceeding two (2) per cent.
No Obligor (other than the Parent) shall (and the Parent shall ensure that no member of the Group (other than the Parent) will) issue any shares except pursuant to a Permitted Share Issue.
More Definitions of Permitted Share Issue
Permitted Share Issue has the meaning given to that term in Clause 22.18.2 (Share capital);
Permitted Share Issue means an issue of shares by a member of the Group which is a Subsidiary of the Purchaser to its immediate Holding Company where (if the existing shares of the Subsidiary are the subject of the Transaction Security) the newly-issued shares also become subject to the Transaction Security on the same terms.
Permitted Share Issue means an issue of ordinary shares by the Parent or Borrower to its direct shareholders, paid for in full in cash upon issue and which by their terms are not redeemable and where (i) such shares are of the same class and on the same terms as those initially issued by the Parent or the Borrower (as applicable) and (ii) such issue does not lead to a Change of Control of the Parent;
Permitted Share Issue means an issue of shares by a member of the Group (other than the Parent) which is a Subsidiary to its immediate Holding Company;
Permitted Share Issue means an issue of shares pursuant to: • agreements entered into pursuant to Sections 5(b), (c) or (d); or • the warrants and options referred to in the Investment Agreement and as set forth in the Capitalization Table set out in Schedule C;
Permitted Share Issue set forth in Section 1.01 of the Credit Agreement is hereby amended by deleting the word “and” at the end of clause (e)(iv) thereof and inserting at the end of clause (e)(v) thereof the phrase “and (vi) of Equity Interests by a non-Obligor to an Obligor for consideration in an amount not to exceed $275,000,000 at any time outstanding”.
Permitted Share Issue means (i) a single placing of new Purchaser Shares within 6 months of the date of this Agreement provided that the gross proceeds of such placing do not exceed £2 billion; and (ii) the creation, allotment or issue or grant of any option over or rights to subscribe for any Purchaser Shares or any securities or equity interests (including options, warrants or other rights) convertible into or exchangeable for Purchaser Shares or other Shares or Share Capital of the Purchaser or any subsidiary under the Purchaser Group Employee Share Plans in accordance with the Purchaser’s existing policy and practice as at the date of this Agreement;