Equity Clawback definition

Equity Clawback means the planned redemption by the Issuer of a portion of its outstanding 12-1/4% Senior Notes due 2006 (the "Existing Notes") with a portion of the proceeds of the Guarantor's initial public offering of Common Stock, which closed in October, 1997. The Issuer intends to apply approximately $101.25 million of the initial public offering proceeds to the redemption of the Existing Notes.
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Equity Clawback means an equity clawback pursuant to Clause 10.7 (Equity Clawback).
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Equity Clawback means a voluntary partial prepayment in accordance with Clause 9.5 (Voluntary Partial Redemption Upon an Equity Listing Event (Equity Clawback)).
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Examples of Equity Clawback in a sentence

  • Any notice that the Issuer or the Agent shall send to the Bondholders pursuant to Clauses 9.3 ( Voluntary Total Redemption (Call Option)), 9.5 (Voluntary Partial Redemption Upon an Equity Listing Event (Equity Clawback)), 11.1(d), 14.11(c), 16(o), 17(a), 18(a) and 19(c) shall also be published by way of press release by the Issuer or the Agent, as applicable.

  • Notwithstanding the foregoing, for any Interest due but unpaid the Record Date specified in Clause 7(a) shall apply and for any partial redemption in accordance with Clause 9.4 ( Mandatory Partial Redemption) and/or Clause 9.5 (Voluntary Partial Redemption Upon an Equity Listing Event (Equity Clawback)) due but not made, the Record Date specified in Clause 9.4(c) and Clause 9.5(c), as applicable, shall apply.

  • In no event shall an amount less than 70% of the Initial Bond Issue be outstanding following any Voluntary Partial Repayment and/or Equity Clawback.

  • For the avoidance of doubt and subject to paragraph (c) of Clause 10.4, redemption in accordance with this Clause 10.3 may be exercised in addition to the Call Option in Clause 10.2 and the Equity Clawback pursuant to Clause 10.4.

  • The occurrence of a Force Majeure Event affecting Grantee’s representatives, suppliers, subcontractors, customers or business apart from this Grant Contract is not a Force Majeure Event under this Grant Contract.

  • Any amount for which the Equity Clawback is exercised shall be used for pro rata payment to the Bondholders in accordance with the applicable regulations of the CSD, and any accrued and unpaid interest on the Bonds being redeemed shall be paid together with principal on the date of such early redemption, provided that such interest shall not be included in the calculation of the amount of Bonds the Issuer is permitted to repay in accordance with this provision.

  • The Issuer may, in connection with an Equity Listing Event, on no less than 10 days’ and no more than 60 days’ prior notice, use the net cash proceeds received by the Group from such Equity Listing Event or the equivalent amount of cash on balance sheet to repay an amount of Bonds not exceeding 30% of the sum of the Initial Bond Issue and any Additional Bonds issued at the call option price applicable at the time of repayment (the " Equity Clawback").

  • The Equity Clawback may solely be carried out in an aggregate amount not exceeding the net cash proceeds received by the Issuer as a result of the relevant Equity Listing Event.

  • For the avoidance of doubt, redemption in accordance with this Clause 10.2 may be exercised in addition to the Voluntary Partial Repayment Option in Clause 10.3 and the Equity Clawback pursuant to Clause 10.4.

  • At any time prior to June 30, 2024 Equity Clawback............................................................


More Definitions of Equity Clawback

Equity Clawback means Borrowers' redemption of $291.14 million in principal amount of Mortgage Notes and payment of $32 million of related premiums.
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Equity Clawback. Upon the occurrence of an IPO, the Company will have the right to redeem up to 100% of the then outstanding PIK Preferred out of the proceeds of the IPO at 102.5% of Liquidation Preference plus accrued and unpaid dividends. The percentage of PIK Preferred redeemed may be 1-49% or 100% and will be done on a pro rata basis if applicable.
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Equity Clawback means the redemption of the Securities by the Company with the Net Cash Proceeds of one or more Public Equity Offerings as permitted by this Indenture.
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Related to Equity Clawback

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • Equity Capital means and includes (i) any and all ordinary shares, stock or other common or ordinary equity shares, interests, participations or other equivalents of or interests therein (however designated), including, without limitation, shares of preferred or preference shares, (ii) all partnership interests (whether general or limited) in any Person which is a partnership, (iii) all membership interests or limited liability company interests in any limited liability company, and (iv) all equity or ownership interests in any Person of any other type.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Dividend Reinvestment Plan means a regular dividend reinvestment or other plan of the Corporation made available by the Corporation to holders of its securities where such plan permits the holder to direct that some or all of:

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).