Equity Interests definition
Examples of Equity Interests in a sentence
As of the Fifteenth Amendment Effective Date, all Equity Interests of each Company are duly and validly issued and are fully paid and (if applicable) non-assessable, and, other than the Equity Interests of Holdings, are owned by Holdings, directly or indirectly through Wholly Owned Subsidiaries of Holdings.
Notwithstanding the foregoing, including Section 5.10(a), in no event shall (i) assets of any Subsidiary that is a CFC or CFC Holdco be required to secure the Obligations of a Loan Party or (ii) more than 65% of the Equity Interests of any Subsidiary that is a first-tier CFC or first-tier CFC Holdco be required to secure the Obligations.
Schedule 3.07(a) sets forth a list as of the Fifteenth Amendment Effective Date of (i) all the Subsidiaries of Holdings and their jurisdictions of organization as of the Fifteenth Amendment Effective Date and (ii) the number of each class of their respective Equity Interests authorized and outstanding on the Fifteenth Amendment Effective Date and the number of shares covered by all outstanding options, warrants, rights of conversion or purchase and similar rights at the Fifteenth Amendment Effective Date.
Schedule 6.01(e) is a complete and correct description, as of the Effective Date, of the name and jurisdiction of organization of the Borrower and each Subsidiary of the Borrower, and ownership of the outstanding Equity Interests of each Subsidiary of the Borrower, in each case in existence as of the Effective Date.
The proceeds of the Initial Term Loan shall be used (i) approximately $33 million to finance the acquisition of the Equity Interests FrontRow Calypso, LLC, (ii) approximately $11 million to pay in full Indebtedness owed to Sallyport Commercial Finance LLC, and (iii) to pay fees and expenses in connection with the Transactions contemplated hereby and the Loan Documents.