Economic Rights definition

Economic Rights means, with respect to a security, the right to the full pecuniary interest in the security, including, without limitation, the right to receive dividends and distributions, proceeds upon liquidation and receive the proceeds of disposition or conversion (if applicable) of the security.

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Economic Rights means the rights referred to in section 9 ;

Economic Rights means the rights mentioned in section 6;

Examples of Economic Rights in a sentence

• Any failure by a Guarantor to notify and/or update Exhibit [A] of this Agreement, shall not affect the creation of such security interest or the fact that the Economic Rights derived thereunder will be considered as Collateral and will have an automatic security interest over them created in favor of the Secured Party.

• If the Transferee is the parent company (the “Parent Company”) at the top of its corporate chain, then the Transferee shall also agree to be the Payor under this Agreement with respect to the applicable Concessions in the Deed of Assumption in the place and stead of the Payor with respect to the applicable Concessions (and the applicable Guarantor Company shall also be a transferor) and to be a party to the Mining Pledge and the Economic Rights Pledge.

• Pledged Assets Any and all Economic Rights (as defined in the Agreement), present and future, contained in, that arise or may arise from, any and all Purchase Agreements (as defined in the Agreement).

• The Royalty Holder may, as permitted by Applicable Law, register the Economic Rights Pledge in the Colombian registry over movable assets known in Spanish as the “Registro de Garantias Mobiliarias”.

• If the Transferee is not the Parent Company or is owned by another entity that itself is owned by the Parent Company (the “Intervening Company”), then the Payor hereunder as well as the applicable Guarantor Company shall also be a transferor with respect to the applicable Concessions and the Mining Pledge and the Economic Rights Pledge.

More Definitions of Economic Rights

Economic Rights means a Person’s share of the Profits, Losses and distributions of Company Property pursuant to the Act, the Articles and this Agreement; provided that Economic Rights do not include any management or Voting Rights.

Economic Rights means the rights derived as a consequence to the right to a copyright, the extent of which is provided for under section 7;

Economic Rights means a Member’s share of the Profits, Losses or any other items allocable to any period and distributions of Company Property pursuant to the Articles and this Agreement but shall not include any Management Rights.

Economic Rights means the right to the full pecuniary interest (which may be subject to a bona fide pledge, but not a foreclosure thereon) in the Series B Preferred Stock and/or the Series C Preferred Stock, as applicable, including, without limitation, the right to receive dividends and distributions, proceeds upon liquidation and receive the proceeds of, disposition or conversion of such Series B Preferred Stock or Series C Preferred Stock. For the avoidance of doubt, any contractual encumbrance resulting from a bona fide incurrence of indebtedness for money borrowed (including an obligation to repay such indebtedness with the proceeds of any Transfer of, or dividend or distribution on, any shares of Series B Preferred Stock, Series C Preferred Stock or Conversion Shares) not incurred in violation of Section 3.1 of the Stockholders’ Agreement shall not be deemed to be a Transfer, loss or reduction in the Economic Rights associated with such shares of Series B Preferred Stock, Series C Preferred Stock or Conversion Shares, as the case may be.

Economic Rights. With respect to an Assignee, the Assignee’s rights to receive allocations of net income, net loss, income, gain, deduction or loss of the Partnership and Distributions pursuant to this Agreement.

Economic Rights means the rights referred to in section 6; “infringement” means any act that violates any rights protected under this Act;

Economic Rights means the rights derived as a consequence to the right to a copyright, the extent of which is provided for under section 7 of the Copyright and Neighbouring Rights Act Cap 68:02.