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 shares of the capital stock of the Borrower.

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.

• 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.

• If at any time, or from time to time, Borrower shall receive any proceeds from the sale or other disposition of shares of Lender capital stock now owned or hereinafter acquired by Borrower ("Borrower Stock"), then 50% of the after-tax proceeds (the "Borrower Stock Proceeds") of such sale or other disposition shall be applied to the prepayment of the unpaid principal balance plus all accrued and unpaid interest of this Note within the Mandatory Prepayment Period.

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

• 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.

More Definitions of Borrower Stock

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.

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 any shares of any class of the capital stock or membership interests (including, without limitation, common stock) of the Borrower outstanding on or after the Effective Date or any options or warrants issued with respect to the foregoing.

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 Section 4.3(a). NY 72168370v12

Borrower Stock has the meaning specified in the Preliminary Statements.