Management Equity Interests definition

Management Equity Interests means shares of Capital Stock of Stellex or of a Subsidiary of Stellex, options, warrants or stock appreciation or similar rights, in each case held, at the time of the issuance thereof, by any then current or former officer, employee or other member of management (or thereafter by their estates or beneficiaries under their estates) of Stellex or of such Subsidiary pursuant to any management equity subscription agreement, employment agreement, employee benefit plan, stockholder agreement, stock option agreement or similar management investor agreement and which may be required to be repurchased by Stellex or such Subsidiary, or which may be repurchased at the option of Stellex or such Subsidiary, in each case pursuant to the terms of any such agreement under which such equity interests were issued, including, without limitation, the Management Participation Agreement.
Sample 1Sample 2
Management Equity Interests means shares of Capital Stock of the Company or of a Restricted Subsidiary or options, warrants or stock appreciation or similar rights to purchase such Capital Stock, in each case held by any current or former officer, employee or other member of management (or their estates or beneficiaries under their estates or their respective family members) of the Company or of such Restricted Subsidiary pursuant to any management equity subscription agreement, employment agreement, employee benefit plan, stockholder agreement, warrant agreement, stock option agreement or similar management investor agreement and which may be required to be repurchased by the Company or such Restricted Subsidiary, or which may be repurchased at the
Sample 1
Management Equity Interests means shares of Capital Stock of the Borrower or of a Subsidiary of the Borrower, options, warrants or stock appreciation or similar rights, in each case held, at the time of the issuance thereof, by any then current or former officer, employee or other member of management (or thereafter by their estates or beneficiaries under their estates) of the Borrower or of such Subsidiary pursuant to any management equity subscription agreement, employment agreement, employee benefit plan, stockholder agreement, stock option agreement or similar management investor agreement and which may be required to be repurchased by the Borrower or such Subsidiary, or which may be repurchased at the option of the Borrower or such Subsidiary, in each case pursuant to the terms of any such agreement under which such equity interests were issued.
Sample 1

Examples of Management Equity Interests in a sentence

  • As proponents of the Plan, the holders of Chisholm Management Equity Interests are conclusively presumed to accept the Plan, and the votes of such holders shall not be solicited with respect to such Chisholm Management Equity Interests.

  • The meeting will be held in the MPPDC Regional Board Room in Saluda.

  • On the Effective Date, the Chisholm Management Equity Interests shall be cancelled and extinguished, and holders of Chisholm Management Equity Interests shall not receive or retain any property under this Plan on account of such Chisholm Management Equity Interests.

  • Holders of Claims or Interests in Class 1 (Other Priority Claims), Class 2 (Other Secured Claims), Class 6 (Intercompany Claims), and Class 9 (Intercompany Interests) and holders of Impaired Interests in Class 8 (Chisholm Management Equity Interests) are deemed to accept the Plan, are not entitled to vote on the Plan, and will not receive a Ballot.

  • Equity interests in New HoldCo representing up to 5% of any equity value of New HoldCo in excess of levels to be agreed upon in the Management Equity Incentive Plan, which Additional Management Equity Interests shall be issued pursuant to such Management Equity Incentive Plan.

  • On the Effective Date, the Chisholm Management Equity Interests shall be cancelled and extinguished, and holders of Chisholm Management Equity Interests shall not receive or retain any property under the Plan on account of such Chisholm Management Equity Interests.

  • The Class A Voting Common Interests, the Class B Limited Voting Common Interests, the Class C VotingCommon Interests, the Class D Limited Voting Common Interests (if issued pursuant to the terms of this Plan), the Class E Common Interests (if issued upon exercise of the Warrants) and the Additional Management Equity Interests.

  • The Class A Voting Common Interests and the Class B Limited Voting Common Interests to be distributed to the First Lien Lenders pursuant to the Plan, which will initially be entitled to, inthe aggregate, 90% of the equity value of New HoldCo, subject to dilution by the Class C Limited Voting Common Interests, Class D Limited Voting Common Interests, the Additional Management Equity Interests and the Warrants, all upon the terms and conditions set forth in the New Holdco LLC Agreement.

  • Upon consummation, the Class A/B Common Interests will be entitled to 90% of the equity value of New HoldCo, subject to dilution by the Class D Limited Voting Common Interests, the Additional Management Equity Interests and the Warrants, all upon the terms and conditions set forth in the New HoldCo LLC Agreement.

  • Pursuant to the Plan, holders of Claims in Class 1 (Other Priority Claims), Class 2 (Other Secured Claims), and Class 6 (Intercompany Claims) and holders of Interests in Class 8 (Chisholm Management Equity Interests) and Class 9 (Intercompany Interests), are unimpaired and, accordingly, pursuant to section 1126(f) of the Bankruptcy Code, are conclusively presumed to accept the Plan and are not entitled to vote on account of such Claims and Interests.


More Definitions of Management Equity Interests

Management Equity Interests means all options, warrants and other rights to acquire capital stock or other ownership interests in Borrower, and all capital stock and other ownership interests in Borrower issued on account thereof or upon the exercise thereof, that were issued and are held by any member of the board or management of any Loan Party or an employee of any Loan Party pursuant to any equity subscription agreement, dividend reinvestment plan or stock option agreement in effect on the date hereof.
Sample 1
Management Equity Interests means sxxxxx xx Capital Stock of the Company or of a Subsidiary Guarantor, options, warrants or stock appreciation or similar rights in respect of such Capital Stock, in each case held by any current or former officer, employee or other member of management (or their estates or beneficiaries under their estates) of the Company or of such Subsidiary Guarantor which were acquired or granted or are subject to any management equity subscription agreement, employment agreement, employee benefit plan or arrangement, stockholder agreement, stock option agreement or similar management investor plan or agreement and which may be required to be repurchased, redeemed or otherwise acquired by the Company or such Subsidiary Guarantor in each case pursuant to the terms of such agreement, plan or arrangement.
Sample 1
Management Equity Interests means Equity Interests of Holdings held by any employee of the Company (or any of its Restricted Subsidiaries).
Sample 1
Management Equity Interests means all options, warrants and other rights to acquire capital stock or other ownership interests in Borrower, and all capital stock and other ownership interests in Borrower issued on account thereof or upon the exercise thereof, that were issued and are held by any member of Borrower's or any of its Subsidiaries' management pursuant to any management equity subscription agreement or stock option agreement in effect on the date of the Subordinated Note Indenture." Borrower represents and warrants to Lenders that set forth on Exhibit 1 to this letter agreement is a list of all management equity subscription agreements and stock option agreement of Borrower or its Subsidiaries. Also effective upon the effective date of this letter agreement, Subsection 1.7(D) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Sample 1
Management Equity Interests means Equity Interests issued to members of the Company's management as incentive compensation.
Sample 1

Related to Management Equity Interests

  • New Equity Interests means the limited liability company

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Voting Equity Interests means, with respect to any Person, Equity Interests issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the happening of such a contingency.

  • Subsidiary Equity Interests has the meaning specified in Section 5.6.

  • Equity Interests means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest.

  • Excluded Equity Interests means, collectively: (i) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by Requirements of Law; (ii) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) require the consent, approval or waiver of any Governmental Authority or other third party and such consent, approval or waiver has not been obtained by Borrower following Borrower’s commercially reasonable efforts to obtain the same; (iii) any Equity Interests in any Subsidiary that is a non-Wholly-Owned Subsidiary that the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by, or would give any third party (other than Borrower or an Affiliate of Borrower) the right to terminate its obligations under, the Operating Documents or the joint venture agreement or shareholder agreement with respect to, or any other contract with such third party relating to such non-Wholly-Owned Subsidiary, including any contract evidencing Indebtedness of such non-Wholly-Owned Subsidiary (other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; (iv) any Equity Interests in any other Subsidiary with respect to which, Borrower and the Collateral Agent reasonably determine by mutual agreement that the cost (including Tax costs) of granting the Collateral Agent, for the benefit of Lenders and the other Secured Parties, a security interest in and Lien upon, and pledging to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, such Equity Interests, to secure the Obligations (and any guaranty thereof) are excessive, relative to the value to be afforded to the Secured Parties thereby.

  • Permitted Equity Interests means common stock of the Borrower that after its issuance is not subject to any agreement between the holder of such common stock and the Borrower where the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate any such common stock.

  • Qualified Equity Interests means any Equity Interests that are not Disqualified Equity Interests.

  • Equity Interest means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person which is not a corporation, and any and all warrants, options or other rights to purchase any of the foregoing.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests.

  • Disqualified Equity Interests means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests and other than as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable), in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91) days after the Latest Maturity Date at the time of issuance of such Equity Interests; provided that if such Equity Interests are issued pursuant to a plan for the benefit of employees of Holdings (or any direct or indirect parent thereof), the Borrower or the Restricted Subsidiaries or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Equity Interests solely because it may be required to be repurchased by Holdings or its Restricted Subsidiaries in order to satisfy applicable statutory or regulatory obligations.

  • Special Equity Interest means any Equity Interest that is subject to a Lien in favor of creditors of the issuer of such Equity Interest provided that (a) such Lien was created to secure Indebtedness owing by such issuer to such creditors, (b) such Indebtedness was (i) in existence at the time the Obligors acquired such Equity Interest, (ii) incurred or assumed by such issuer substantially contemporaneously with such acquisition or (iii) already subject to a Lien granted to such creditors and (c) unless such Equity Interest is not intended to be included in the Collateral, the documentation creating or governing such Lien does not prohibit the inclusion of such Equity Interest in the Collateral.

  • Qualified Equity Interest means, with respect to any Person, any Equity Interest of such Person that is not a Disqualified Equity Interest.

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Preferred Equity as applied to the Equity Interests of any Person, means Equity Interests of such Person of any class or classes (however designated) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to any shares (or other interests) of other Equity Interests of such Person, and shall include, without limitation, cumulative preferred, non-cumulative preferred, participating preferred and convertible preferred Equity Interests.

  • voting equity securities means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of security has such voting power by reason of any contingency.

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Minority Interests means any shares of stock of any class of a Subsidiary (other than directors' qualifying shares as required by law) that are not owned by the Company and/or one or more of its Subsidiaries. Minority Interests shall be valued by valuing Minority Interests constituting preferred stock at the voluntary or involuntary liquidating value of such preferred stock, whichever is greater, and by valuing Minority Interests constituting common stock at the book value of capital and surplus applicable thereto adjusted, if necessary, to reflect any changes from the book value of such common stock required by the foregoing method of valuing Minority Interests in preferred stock.

  • Capital Stock Sale Proceeds means the aggregate cash proceeds received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or any such Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Investments as defined in Section 7.8.