Mortgage of Shares definition

Mortgage of Shares means the mortgage of the shares in the Company granted by TRU (UK) H5 Limited in favour of the Security Agent acting for itself and on behalf of the other Finance Parties to be dated the Utilisation Date.
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Mortgage of Shares means, collectively, (a) the Mortgage of Shares dated May 2, 1997 executed by AHL, and (b) the Mortgage of Shares dated May 2, 1997 executed by European Holdings, in each case, with respect to the stock of the Material Subsidiaries and in favor of the Administrative Agent for the benefit of itself and the Lenders.
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Mortgage of Shares means any mortgage of or security interest in shares in the capital of any Borrower or Obligor securing the obligations of such Borrower or Obligor in respect of any Loan.
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Examples of Mortgage of Shares in a sentence

  • The Mortgagor shall promptly deliver to the Security Trustee any receipts, certificates [Mortgage of Shares] or other proof evidencing the amounts (if any) paid or payable in respect of any deduction or withholding as aforesaid.

  • The principal documentation which will be entered into by the Borrower, the other Obligors and the Issuer in relation to the Senior Loan comprises the Senior Credit Agreement, the Security Agreement, the Intermediate Parent Mortgage of Shares, the Subordination Agreement, the Senior Hedging Arrangements and the Intercreditor Agreement.

  • Any sums so paid by the Security Trustee shall be repayable by the Mortgagor to the Security Trustee on demand together with interest at the Default Rate from the date of [Mortgage of Shares] such payment by the Security Trustee and pending such repayment shall constitute part of the Secured Obligations.

  • The Chargor waives any right it may have of first requiring the Security Trustee (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before enforcing this Mortgage of Shares.

  • Section 103, section 93 and section 109(1) of the Act do not apply to the security constituted by this Mortgage of Shares.

  • A Receiver may raise and borrow money either unsecured or on the security of any Security Asset either in priority to the security constituted by this Mortgage of Shares or otherwise and generally on any terms and for whatever purpose which he thinks fit.

  • Some statutory cities must publish the minutes of their meetings.Minn.

  • In this Employment Contract, the term "Relevant Agreement" refers to the Share Agreement, the Escrow Agreement and the Deed of Mortgage of Shares.

  • The Security Trustee may assign, transfer, novate or dispose of all or any part of its rights and/or obligations under this Mortgage of Shares to a successor Security Trustee appointed in accordance with Clause 13.11 of the Intercreditor Agreement or to any person or persons after the Security constituted by this Mortgage of Shares shall have become enforceable.

  • The relationship between the Administrative Agent on the one hand and the Deed Trustee on the other is that of principal and agent save only that the benefits of the Company Security Agreement (U.K.), the Company Security Agreements (Hong Kong) and the Deed of Mortgage of Shares (Hong Kong) are held by the Deed Trustee as trustee for itself and the other Secured Parties.


More Definitions of Mortgage of Shares

Mortgage of Shares means the mortgage of shares dated 12 February 1997 and made between the Chargor and Goldman for itself and as agent and trustee for the other Finance Parties, as the agency role was transferred from Goldman to the Agent.
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Mortgage of Shares means any mortgage, or pledge of, or security interest in, shares in the capital of the Obligors securing the obligations of the Obligors in respect of the Libra Whole Loan.
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Mortgage of Shares means the mortgage of the shares in the Company granted by Toys “R” Us Holdings Limited and delivered under Part 1 of Schedule 2 (Conditions Precedent).
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Mortgage of Shares means a fixed, first ranking mortgage of 5,500,000 ------------------ cumulative and participating preference shares, without limitation as to the amount, numbered 22,000,001 to 27,500,000 (inclusive) together with the fruits accruing therefrom in the Mirs Company including bonus shares and all the existing or future rights and profits embodied in such shares and in substitution thereof - in the form attached as Annex A to this Agreement.
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Related to Mortgage of Shares

  • Recapitalization means any stock dividend, stock split, combination of shares, reorganization, recapitalization, reclassification or other similar event.

  • class of Shares refers to the division of Shares into two or more classes as provided in Article III, Section 1 hereof;

  • Nursery stock means all domesticated or wild botanically classified hardy perennial or biennial trees, shrubs, vines, and other plants; cuttings, grafts, scions, buds, bulbs, rhizomes, or roots of any of these; and fruit pits. Nursery stock includes plants and plant parts for, or capable of, propagation, excepting field, vegetable, and flower seeds, corms, and tubers.

  • Cash Liquidation As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan.

  • Recapitalization Event means any event of share combination or subdivision, distribution of bonus shares or any other similar reclassification, reorganization or recapitalization of the Company’s share where the shareholders retain their proportionate holdings in the Company.

  • Stock means the Common Stock of the Company.

  • Recapitalization Agreement shall have the meaning set forth in the Recitals.

  • Deemed Liquidation means a liquidation of the Company that is deemed to occur pursuant to Treas. Reg. Section 1.708-1(b)(1)(iv) in the event of a termination of the Company pursuant to section 708(b)(1)(B) of the Code.

  • Reclassification means the upgrading of a position to a higher classification as a result of the gradual increase of the duties being performed by the incumbent in that position.

  • Awarded Stock means the Common Stock subject to an Award.

  • Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

  • Liquidation Parity Stock means any class or series of stock of the Corporation (other than the Series L Preferred Stock) that ranks equally with the Series L Preferred Stock in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • Optioned Stock means the Common Stock subject to an Option.

  • Change of Management means that Xxxxx Xxxx’x direct or indirect management responsibilities of Lead Borrower are materially diminished from those held by him as of the Closing Date, in each case, other than as a result of (a) death or (b) physical or mental incapacity.

  • Reclassification Event means any of the following: (a) any reclassification or recapitalization of PubCo Shares (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination or any transaction subject to Section 4.1(e)), (b) any merger, consolidation or other combination involving PubCo, or (c) any sale, conveyance, lease or other disposal of all or substantially all the properties and assets of PubCo to any other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Shares shall be entitled to receive cash, securities or other property for their PubCo Shares.

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Initial Liquidation Preference means one thousand dollars ($1,000.00) per share of Convertible Preferred Stock.

  • Liquidation Call Right has the meaning ascribed thereto in the Plan of Arrangement;

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Reorganization Securities has the meaning set forth in Section 6.9 hereof.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • Stock Split means any kind of stock split in relation to the Shares, including a free share distribution to the holders of Shares, a stock dividend or a sub-division of Shares;

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • Treasury Stock shall have the meaning set forth in Section 3.1.2.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Reorganization with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA.