Examples of Constituent Person in a sentence
If as a result of the provisions of this Section 7 the shares of this Series become convertible or exchangeable into securities or assets of a Constituent Person, such Constituent Person shall provide for adjustments which, for events subsequent to the effective date of such consolidation, merger or sale of assets, shall be as nearly equivalent as may be practicable to the adjustments provided for herein.
No petition in bankruptcy has been filed against Borrower or any Constituent Person of Borrower, and neither Borrower nor any Constituent Person of Borrower has ever made an assignment for the benefit of creditors or taken advantage of any insolvency act for the benefit of debtors.
In the event holders of Common Stock (other than any Constituent Person or Affiliate thereof) have the opportunity to elect the form of consideration to be received in any Reorganization Event, the Exchange Property Unit that Holders of the Units are entitled to receive will be deemed to be the weighted average of the types and amounts of consideration received by the holders of Common Stock.
Neither Borrower nor any Constituent Person of Borrower has any Indebtedness in the form of mezzanine debt or preferred equity.