Interest Equivalents definition
Examples of Interest Equivalents in a sentence
The undersigned further acknowledges and agrees that upon effectiveness of the Merger, the undersigned Member Interest and any Member Interest Equivalents will automatically and without further action or requirement automatically cease to exist and will be exchanged, converted and replaced with the amount of Mergeco Common Stock as described in the Transaction Documents.
The authorized and outstanding Equity Interests and Equity Interest Equivalents of each Company, and each legal and beneficial holder of such Equity Interests and Equity Interest Equivalents (other than the Equity Interests and Equity Interest Equivalents of Parent) as of the Closing Date, are as set forth on Schedule 5.23(a) hereto.
If no election is made, payment or distribution of any amounts deferred by Committee action pursuant to this Article IV (together with the Dividend Equivalents and/or Interest Equivalents, as the case may be, accrued thereon) shall be made in a single lump sum on the earliest payment date permitted by the Committee as provided under Section 4.7 hereof.
Except as set forth on Schedule 5.23(c), Companies have not issued any securities convertible into or exchangeable for shares of its Equity Interests or any options, warrants or other rights to acquire such shares or securities convertible into or exchangeable for such shares or other Equity Interest Equivalents.
Except for the rights and obligations set forth on Schedule 5.23(b), there are no subscriptions, warrants, options, calls, commitments, rights or agreement or other Equity Interest Equivalents by which any Company or any of the holders of the Equity Interests of any Company is bound relating to the issuance, transfer, voting or redemption of shares of its Equity Interests or any pre-emptive rights held by any Person with respect to the Equity Interests of Companies.
In no event shall any Participation Rights or other rights under such plan constitute Interests, Interest Equivalents or other equity of the Company.
Any transferee of Membership Interests or Membership Interest Equivalents shall be subject to the restrictions on Transfer imposed by this Agreement.
Other than as contemplated by this Agreement, there are no Equity Interest Equivalents or other contracts of any character to which Concho Resources is a party or by which it is bound obligating Concho Resources to issue, deliver, or sell, or cause to be, issued, delivered or sold, additional Equity Interests of Concho Resources.
There are no Equity Interest Equivalents or other contracts of any character to which Chase is a party or by which it is bound obligating Chase to issue, deliver, or sell, or cause to be, issued, delivered or sold, additional Equity Interests of Chase.
There are no Equity Interest Equivalents or other contracts of any character to which Concho Holdings is a party or by which it is bound obligating Concho Holdings to issue, deliver, sell, pledge, dispose of or encumber or cause to be, issued, delivered, sold, pledged, disposed of or encumbered additional Equity Interests of Concho Holdings.