Borrower Stock definition

Borrower Stock means Common Stock and such Preferred Stock, if any, as may be outstanding from time to time.

Borrower Stock means any and all shares of the capital stock of, or other ownership interests in, any Borrower that may now or hereafter be issued by such Borrower.

Borrower Stock means the common stock of Borrower as authorized and constituted as of the Closing Date.

Examples of Borrower Stock in a sentence

• Guarantor will not (a) sell, assign, pledge, hypothecate or otherwise encumber or transfer, or dispose of any rights or interests in any voting securities issued by Borrower (“Borrower Stock”) which are owned legally or beneficially by Guarantor, or (b) allow any lien, interest, or adverse claim to attach to any Borrower Stock owned or held by Guarantor.

• In addition, to perfect security interests by Secured Party’s possession, Borrower will deliver to Secured Party the Collateral, with a separate endorsement signed in blank, and a certificate representing the Borrower Stock, together with stock powers endorsed in blank sufficient to effect a transfer of such stock.

• If the Lender does not receive such Borrower Stock Proceeds within the Mandatory Prepayment Period, the entire principal balance plus all accrued and unpaid interest of this Note shall become immediately due and payable pursuant to Section 7 hereof.

• To the extent any proceeds of any collection or sale of Pledged Borrower Stock deemed by this paragraph to no longer constitute part of the Pledged Collateral for the relevant Series of Other First Lien Obligations are to be applied by the Agent in accordance with Section 5.02 hereof, such proceeds shall, notwithstanding the terms of Section 5.02 and the First Lien Intercreditor Agreement, not be applied to the payment of such Series of Other First Lien Obligations.

• Such grant shall be governed by the terms and conditions of the Borrower Stock Pledge Agreement.

More Definitions of Borrower Stock

Borrower Stock means the shares of the capital stock of the Borrower.

Borrower Stock means the common voting stock issued to Orange-co, Inc., in the amount of $1,000.00 in each Association pursuant to the Act in the total sum of $2,000.00 par value.

Borrower Stock means, at any given time, all of the then issued and outstanding capital stock of Borrower.

Borrower Stock has the meaning specified in the Preliminary Statements.

Borrower Stock has the meaning specified in Section 4.3(a). NY 72168370v12

Borrower Stock means common stock of Parent Borrower, free and clear of any lien, claim or encumbrance.

Borrower Stock means the shares of the Borrower’s common stock to be purchased by the Trust from the Stockholders with the proceeds of the ESOP Loan.