Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.
Holding Company Transaction means (a) any transaction (including, without limitation, any acquisition, merger or consolidation) a result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than fifty percent (50%) of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.
Holding Company Transaction means (a) any transaction (including,without limitation, any acquisition, merger or consolidation) a result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended,
Examples of Holding Company Transaction in a sentence
Any consummation of a Holding Company Transaction, unless as a result of the Holding Company Transaction each share of Designated Preferred Stock shall be converted into or exchanged for one share with an equal liquidation preference of preference securities of the Issuer or the Acquiror (the “Holding Company Preferred Stock”).
Any consummation of a Holding Company Transaction, unless as a result of the Holding Company Transaction each share of Designated Senior Preferred Stock shall be converted into or exchanged for one share with an equal liquidation preference of preference securities of the Issuer or the Acquiror (the “Holding Company Preferred Stock”).
Any consummation of a Holding Company Transaction, unless as a result of the Holding Company Transaction each Senior Security shall be converted into or exchanged for securities having equal face amount, rank and preferences of the Company or the Acquiror (a “Holding Company Senior Security”).
Any consummation of a Holding Company Transaction, unless as a result of the Holding Company Transaction each share of Series C Preferred Stock shall be converted into or exchanged for one share with an equal liquidation preference of preference securities of the Corporation or the Acquiror (the “Holding Company Preferred Stock”).
Any consummation of a Holding Company Transaction, unless as a result of the Holding Company Transaction each share of Designated Preferred Stock shall be converted into or exchanged for one share with an equal liquidation preference of preference securities of the Corporation or the Acquiror (the “Holding Company Preferred Stock”).
More Definitions of Holding Company Transaction
Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Company representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Company for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Company or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Company and its subsidiaries, taken as a whole, to any Person other than one of the Company’s subsidiaries; provided that, in the case of either clause (a) or (b), the Company or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.
Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Company representing more than 50% of the voting power of the outstanding Capital Interests or (ii) is otherwise required to consolidate the Company for purposes of generally accepted accounting principles in the United States, or
Holding Company Transaction means a transaction involving the Equity Interests of the Borrower being exchanged or otherwise transferred for Equity Interests in a newly formed holding company of the Borrower, resulting in such newly formed holding company being the direct parent of the Borrower and the ultimate equity owners of the Borrower being direct equityholders of such newly formed holding company or its direct or indirect parent; provided that such newly formed holding company (i) shall become a Loan Party by executing and delivering a joinder to the Guaranty and Collateral Agreement and (ii) does not have any material liabilities (other than liabilities arising under the Loan Documents), own any material assets (other than 100% of the Equity Interests of the Borrower, all of which shall be pledged as Collateral pursuant to the Guaranty and Collateral Agreement) or engage in any operations or business, other than (a) the ownership of the Borrower, (b) the maintenance of its corporate existence, (c) liabilities incidental to the conduct of its business as a holding company, (d) the sale and issuance of Equity Interests and the maintenance and investment of any proceeds thereof, and the incurrence of any liabilities, costs and expenses reasonably related thereto, whether or not such issuance of Equity Interests is consummated, (e) the imposition of Permitted Liens, (f) opening and maintaining bank and deposit accounts, (g) providing Guarantees for the benefit of any Loan Party or Non-Guarantor Restricted Subsidiary to the extent such Person is otherwise permitted to enter into the transaction under this Agreement (including Guarantees of lease obligations), (h) participating in tax, accounting and other administrative matters as a member of a consolidated group with the Borrower, (i) activities incidental to the business or activities described in the foregoing clauses (a) through (h) and (j) receiving and distributing the dividends, distributions and payments permitted to be made to such holding company pursuant to Section 7.08.
Holding Company Transaction means the occurrence of (a) any
Holding Company Transaction means the mergers of Buyer and Turnxx Xxxadcasting System, Inc. ("TBS") with separate subsidiaries of the Holding Company pursuant to the Amended and Restated Agreement and Plan of Merger dated as of September 22, 1995 (as amended prior to October 10, 1996), among Buyer, the Holding Company, Time Warner Acquisition Corp., TW Acquisition Corp. and TBS.
Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Corporation representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Corporation for purposes of generally accepted accounting principles in the United States, or
Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a "person" or "group" within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate "beneficial owner," as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer's subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.(w) "IDI Subsidiary" means any issuer Subsidiary that is an insured depository institution.(x) "Increase in QSBL" means:(i) with respect to the first (1st) Dividend Period, the difference obtained by subtracting (A) the Baseline from (B) QSBL set forth in the Initial Supplemental Report (as defined in the Definitive Agreement); and(ii) with respect to each subsequent Dividend Period, the difference obtained by subtracting (A) the Baseline from (B) QSBL for the Dividend Reference Period for the Current Period.(y) "Initial Dividend Period" has the meaning set forth in the definition of "Dividend Period".(z) "Issuer Subsidiary" means any subsidiary of the Issuer.(aa) “Liquidation Preference” has the meaning set forth in Section 4(a).(bb) "Non-Qualifying Portion Percentage" means, with respect to any particular Dividend Period, the percentage obtained by subtracting the Qualifying Portion Percentage from one (1).SBLF Participant No. 0405(cc) "Original Issue Date" means the date on which shares of Designated Preferred Stock are first issued.(dd) "Percentage Change in QSBL" in Section 3(a)(ii).