Equity Shares Clause Samples

Equity Shares. A. Each Equity Sponsor shall have and be charged with a percentage interest in all rights and obligations hereunder determined in accordance with this Section 5 (which interest is hereinafter referred to as its “Equity Share”). All of the equity of New England Hydro will be owned by the Equity Sponsors in proportion to their Equity Shares. The Equity Share of each Equity Sponsor shall be computed both initially and as changed from time to time in accordance with the terms hereof, by New England Hydro as hereinafter provided. Such computations shall be made as of the first day of any month in which there is a change in the number of Equity Sponsors or any change in the interest of any Equity Sponsor as herein provided. The initial computation is to be made as of September 15, 1985, and subsequent computations are to be made in any month thereafter in which an interest is modified or terminated due (i) to the failure of a signatory to provide proof that it is qualified to be an Equity Sponsor by December 30, 1985, or (ii) to the failure to provide Documentation by June 1, 1986, or (iii) to the failure to be so qualified on the date the first equity contributions are to be made by such Equity Sponsor, or (iv) to the operation of any provision of this Agreement. All computations shall be final unless there is a manifest error. Such computations of Equity Sponsors’ Equity Shares as initially calculated and as changed under (i) and (ii) shall be made pursuant to Attachment C. Changes under (iii) shall be made pursuant to section 5(C) below, and changes under (iv) shall be made pursuant to the appropriate section requiring the change. B. The Equity Shares on and as of the initial computation date, and as of the date of subsequent computations under subparts (i) and (ii) of the second paragraph of A above, will be calculated as follows:

Equity Shares. Transferable shares of beneficial interest of the Company of any class or series, including common shares or preferred shares. Excess Amount. Excess Amount has the meaning set forth in Section 12. Expense Year. Expense Year has the meaning set forth in Section 12.

Equity Shares. (a) As additional consideration for the advancement of the Loan, Borrower shall issue to Lender Common Shares of Borrower as follows: 33,333 Common Shares upon advancement of the Loan (the "Common Shares"). (b) The Common Shares will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and accordingly, will constitute "restricted securities" for purposes of the Securities Act and Lender will not be able to transfer such Common Shares except upon compliance with the registration requirements of the Securities Act and applicable state securities laws or an exemption therefrom. The certificates evidencing the Common Shares shall contain a legend to the foregoing effect. (c) Borrower, shall upon the demand of any holder of the Common Shares, file a registration statement with the SEC to permit the sale of the Common Shares by the holders of such shares from time to time. The holders of the Common Shares shall also have "piggyback" registration rights.

Equity Shares. 14 Section 2.1

Equity Shares. Transferable shares of beneficial interest of the Corporation of any class or series, including common shares or preferred shares.

Equity Shares. Transferable shares of beneficial interest of the Company of any class or series, including Common Shares or Preferred Shares. The use of the term “Equity Shares” or any term defined by reference to the term “Equity Shares” shall refer to the particular class or series of capital stock of the Company which is appropriate under the context. Excess Amount. Excess Amount shall have the meaning set forth in Section 12 of this Agreement.

Equity Shares. Transferable shares of beneficial interest of the Company of any class or series, including common shares or preferred shares. Independent Appraiser. A qualified appraiser of real estate as determined by the Board. Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers (“M.A.I.”) or the Society of Real Estate Appraisers (“S.R.E.A.”) shall be conclusive evidence of such qualification.

Equity Shares. Transferable shares of beneficial interest of the Company of any class or series, including common shares or preferred shares. Gross Proceeds. The aggregate purchase price of all Shares sold for the account of the Company through the Offering without deduction for selling commissions, discounts, the marketing allowance or Organizational and Offering Expenses.

Equity Shares. The number of Equity Shares to be issued to the holders of the Series B1 CCPS upon conversion shall, subject to the other terms and conditions set forth in this Agreement, be as set out in Paragraph 3 below.