Examples of Borrower Preferred Stock in a sentence
On and as of the Initial Borrowing Date, the Administrative Agent and the Required Banks shall be satisfied with the terms and conditions of the Borrower Preferred Stock and the amount of and the terms and conditions of all Existing Indebtedness.
The Borrower Common Stock and the Borrower Preferred Stock have the rights, preferences, privileges and restrictions set forth in the Borrower Certificate and under Delaware Law.
On the Initial Borrowing Date and after giving effect to the Transaction and the Loans incurred on the Initial Borrowing Date, neither the Borrower nor any of its Subsidiaries shall have any preferred stock or Indebtedness outstanding except for the Borrower Preferred Stock, the Obligations and the Existing Indebtedness.
Lender shall have received copies of all documents executed in connection with the issuance of any Permitted Borrower Preferred Stock in accordance with Section 6.5 of the Credit Agreement on or before the Effective Date, which documents shall be in form and substance satisfactory to Lender and certified as true, complete and correct by the chief financial officer of the Borrower.
Create, incur, issue, assume, Guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to any Indebtedness (other than Existing Indebtedness) and Borrower will not issue any Borrower Preferred Stock and will not permit any of its Subsidiaries to issue any shares of its preferred stock (other than to Borrower or another wholly-owned Subsidiary of Borrower).