Debt Payment Shares definition

Debt Payment Shares means a number of shares of Parent Common Stock determined by dividing the Debt Adjustment Amount plus any accrued interest on such amount as of the Closing by the Parent Average Closing Price.
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Debt Payment Shares means the aggregate number of shares of Buyer Common Stock required to effect the Debt Payment, as provided in Section 1.5(b), which number of shares of Buyer Common Stock shall not exceed the number of Closing Shares.
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Examples of Debt Payment Shares in a sentence

  • The Debt Payment Shares issued to Ricardo Javier Diaz were issued pursuant to consultancy services provided to the Company in the introduction, negotiation and finalisation of arrangements between the Company and local third party customers for the Company’s waste material processing operations.

  • The Debt Payment Shares were issued for the payment of debt and interest and to settle a supplier’s debt in lieu of payment.

  • The Debt Payment Shares, other than those issued to Ricardo Javier Diaz, were issued pursuant to a loan facility agreement where the issue price was calculated at 85% of the volume weighted average price for the 7 trading days immediately prior to the conversion notice date, based on trading as reported by ASX, excluding any trades made by the relevant recipient or any of its affiliates.

  • The interest rates applied to current accounts with Group companies in 2020 and 2019 ranged from one-month Euribor plus a spread of between -0.125% (with a 0% floor) for payables and one-month Euribor plus a spread of 0.2% for receivables.

  • The issue of the Debt Payment Shares to the Debt Payment Recipients was undertaken pursuant to the Company’s placement under ASX Listing Rule 7.1. Shareholder approval is now sought to ratify the issue of the Debt Payment Shares for the purposes of ASX Listing Rule 7.4. See Section 2.1 for further information on ASX Listing Rules 7.1 and 7.4.

  • The Board recommends that Shareholders approve the past issue of the Debt Payment Shares by passing Resolution 1.

  • In accordance with ASX Listing Rule 14.1A, in the event that Shareholders do not approve Resolution 1, the Company’s placement capacity under ASX Listing Rule 7.1 will be reduced by the number of the Debt Payment Shares subject to this Resolution 1 until the earlier of subsequent Shareholder approval to ratify the issue or 12 months from the date of issue.

Related to Debt Payment Shares

  • Payment Shares has the meaning set forth in Section 2.02;

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Cash Election Shares shall have the meaning set forth in Section 3.2.1.

  • Specified Shares means all or, as the case may be, some of the shares specified in a disclosure notice;

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Early Preference Share Redemption Event means the event that occurs if:

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Earnout Shares has the meaning set forth in Section 3.6(a).

  • Interest Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on the Note.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Accelerated Purchase Share Amount means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, the number of Purchase Shares directed by the Company to be purchased by the Investor in an Accelerated Purchase Notice, which number of Purchase Shares shall not exceed the lesser of (i) 300% of the number of Purchase Shares directed by the Company to be purchased by the Investor pursuant to the corresponding Regular Purchase Notice for the corresponding Regular Purchase referred to in clause (i) of the second sentence of Section 2(b) hereof (subject to the Purchase Share limitations contained in Section 2(a) hereof) and (ii) an amount equal to (A) the Accelerated Purchase Share Percentage multiplied by (B) the total number (or volume) of shares of Common Stock traded on the Principal Market during the period on the applicable Accelerated Purchase Date beginning at the Accelerated Purchase Commencement Time for such Accelerated Purchase and ending at the Accelerated Purchase Termination Time for such Accelerated Purchase.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Restricted Debt Payments has the meaning set forth in Section 6.04(b).

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Qualifying Capital Securities means securities (other than Common Stock, rights to acquire Common Stock and securities convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).