Equity Credits definition

Equity Credits means, for any period, the sum of expenses incurred by the Loan Parties in the ordinary course of business in such period which are paid through the issuance of common stock (or options to purchase common stock) in the Company in such period.
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Equity Credits means with respect to any measurement period, the sum of expenses incurred in the ordinary course of business paid through the issuance of common stock (or options to purchase stock) in Radiant Logistics, Inc.
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Equity Credits means with respect to any measurement period, the sum of expenses incurred in the ordinary course of business paid through the issuance of common stock (or options to purchase stock) in Parent.
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Examples of Equity Credits in a sentence

  • It is envisioned that Dairy/Foods Equity Credits shall be the primary source of equity for members to reach Averaged Equity Targets.

  • Following the adoption of this bylaw and except as above provided, when the Calculated Dairy/Foods Equity Credits of any holder are in excess of such holders Averaged Equity Target measured as of any fiscal year end, Dairy/Foods Equity Credits of such member in an amount sufficient to equalize the Calculated Dairy/Foods Equity Credits and the Averaged Equity Target shall be redeemed, subject to the approval of the Board of Directors, during the following year.

  • For purposes of determining eligibility for such redemption, any Dairy/Foods equities held as the result of assignment, bequest, purchase or other method of accumulation excepting the earning of such equities in conjunction with the marketing of products through the association shall be credited to the account of the holder of Dairy/Foods Equity Credits at the rate of one-twelfth of the amount of the equities thus otherwise acquired in each year following the acquisition.

  • PSUs credited to the Participant’s Memorandum Deferred Account for the Participant’s Long-Term Equity Credit shall be subject to any additional restrictions of such other Long-Term Equity Credits under the Plan.

  • For purposes of determining eligibility for redemption of Dairy/Foods Equity Credits, an "Averaged Equity Target" shall also be calculated with respect to each member and equity holder by multiplying the Equity Target by a rolling average of such member's or equity holder's volume of milk or food product marketed with the association over a period of years determined by the Board of Directors and called the "Averaging Period".

  • For purposes of determining eligibility for redemption of Dairy/Foods Equity Credits, an “Averaged Equity Target” shall also be calculated with respect to each member and equity holder by multiplying the Equity Target by a rolling average of such member’s or equity holder’s volume of milk or food product marketed with the association over a period of years determined by the Board of Directors and called the “Averaging Period”.

  • Any member who holds equity exceeding the amount of such member’s Averaged Equity Target at the time of the adoption of this bylaw and for so long as shall such member’s Dairy/Foods Equity Credits continue to exceed such member’s Current Equity Target shall have, subject to the approval of the Board of Directors, equities redeemed at one twelfth of the amount of such initial excess each year reduced by a ratable portion of any such equities assigned or transferred by such holder.

  • Any Dairy/Foods Equity Credits assigned shall for purposes of any redemption pursuant to the provisions of (j) above be deemed to be a ratable assignment of each year's Dairy/Foods Equity Credits held by the assignor.

  • The Board of Directors shall establish and maintain, not necessarily to the exclusion of other programs established by the Board of Directors, an Equity Target Program which shall, subject to the discretion of the Board of Directors, provide the basis for redemption of equity credits issued to members and patrons of this association hereunder in conjunction with the cooperative marketing of such members milk or other food products ("Dairy/Foods Equity Credits").

  • Any Dairy/Foods Equity Credits assigned shall for purposes of any redemption pursuant to the provisions of (j) above be deemed to be a ratable assignment of each year’s Dairy/Foods Equity Credits held by the assignor.

Related to Equity Credits

  • Company Credit Agreement means that certain Credit Agreement, dated as of March 8, 2019, among the Company, as borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative agent.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Outstanding Credits means, on any date of determination, the sum of (i) the aggregate principal amount of all Loans outstanding on such date plus (ii) the LC Outstandings on such date. The Outstanding Credits with respect to any Lender at any time shall be its Commitment Percentage of the total Outstanding Credits at such time.

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Tower Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Credit Account is modified to read “Grant Account”.

  • Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Credit Maturity Date means the date that is six years after the Closing Date, or, if such date is not a Business Day, the next preceding Business Day.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Letters of Credit as defined in Section 3.1(a).

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Revolving Credit Loans as defined in Section 2.1.