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.
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Management Equity Interests means shares of Capital Stock of the Company or of a Subsidiary Guarantor 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) of the Company or of such Subsidiary Guarantor 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 Company or such Subsidiary Guarantor, or which may be repurchased at the option of the Company or such Subsidiary Guarantor, in each case pursuant to the terms of any such agreement under which such equity interests were issued.
Sample 1
Management Equity Interests means shares of 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

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.

  • Chisholm Management Equity Interests means any Interest in ChisholmManagement.

  • 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.

  • Further, although Impaired, holders of Interests in Class 8 (Chisholm Management Equity Interests) are conclusively presumed to accept the Plan as a plan proponent.

  • For the avoidance of doubt, Intercompany Interest excludes Chisholm Parent Equity Interests and Chisholm Management Equity Interests.

  • The Plan has nine Classes of Claims and Interests: Class 1 (Other Priority Claims), Class 2 (Other Secured Claims), Class 3 (RBL Claims), Class 4 (Term Loan Claims), Class 5 (General Unsecured Claims), Class 6 (Intercompany Claims), Class 7 (Chisholm Parent Equity Interests), Class 8 (Chisholm Management Equity Interests), and Class 9 (Intercompany Interests).

  • Pursuant to Articles 3 and 4 of the Plan, (i) Class 1 (Other Priority Claims), Class 2 (Other Secured Claims), Class 6 (Intercompany Claims), and Class 9 (Intercompany Interests) are Unimpaired and (ii) Class 3 (RBL Claims), Class 4 (Term Loan Claims), Class 5 (General Unsecured Claims), Class 7 (Chisholm Parent Equity Interests), and Class 8 (Chisholm Management Equity Interests) are Impaired. Section 1123(b)(2).

  • 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.

  • 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.


More Definitions of Management Equity Interests

Management Equity Interests means Equity Interests of Holdings held by any employee of the Company (or any of its Restricted Subsidiaries).
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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 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
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.
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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 Equity Interests which at the time are entitled to vote in the election of, as applicable, directors, members or partners generally.

  • 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, Pledged Trust Interests and Pledged Alternative Equity Interests.

  • Disqualified Equity Interests of any Person means any class of Equity Interests of such Person that, by its terms, or by the terms of any related agreement or of any security into which it is convertible, puttable or exchangeable, is, or upon the happening of any event or the passage of time would be, required to be redeemed by such Person, whether or not at the option of the holder thereof, or matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, in whole or in part, in each case on or prior to the date that is 91 days after the final maturity date of the Notes; provided, however, that any class of Equity Interests of such Person that, by its terms, authorizes such Person to satisfy in full its obligations with respect to the payment of dividends or upon maturity, redemption (pursuant to a sinking fund or otherwise) or repurchase thereof or otherwise by the delivery of Equity Interests that are not Disqualified Equity Interests, and that is not convertible, puttable or exchangeable for Disqualified Equity Interests or Indebtedness, will not be deemed to be Disqualified Equity Interests so long as such Person satisfies its obligations with respect thereto solely by the delivery of Equity Interests that are not Disqualified Equity Interests; provided, further, however, that any Equity Interests that would not constitute Disqualified Equity Interests but for provisions thereof giving holders thereof (or the holders of any security into or for which such Equity Interests are convertible, exchangeable or exercisable) the right to require the Issuer to redeem such Equity Interests upon the occurrence of a change in control occurring prior to the 91st day after the final maturity date of the Notes shall not constitute Disqualified Equity Interests if (1) the change of control provisions applicable to such Equity Interests are no more favorable to such holders than the provisions of Section 4.08, and (2) the right to require the Issuer to redeem such Equity Interests does not become operative prior to the Issuer’s purchase of the Notes as required pursuant to the provisions of Section 4.08.

  • 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.

  • Preferred Equity means any stock, shares or other ownership interests in the issuer thereof howsoever evidenced (including, without limitation, limited liability company membership interests), whether with or without voting rights, that is entitled to dividends or distributions prior to the payment of dividends or distributions with respect to Common Equity.

  • 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.