Non-Redeemable Stock definition
Non-Redeemable Stock means stock issued by the Borrower or any of its Subsidiaries, PROVIDED that such stock is not considered debt for GAAP, tax law or any other purpose and PROVIDED FURTHER that neither the Borrower nor any of its Subsidiaries has any obligation to redeem or purchase or pay dividends on such stock or to exchange such stock for, or convert such stock to, any other security, whether such obligation arises pursuant to the terms of such stock or any other agreement relating thereto or otherwise and whether or not such obligation exists in all circumstances or only upon the occurrence of a particular event or condition or upon the passage of time or otherwise.
Non-Redeemable Stock means capital stock issued by the Borrower, PROVIDED that neither the Borrower nor any of its Subsidiaries has any obligation to redeem or purchase such stock or to exchange such stock for, or convert such stock to, any other security (other than Non-Redeemable Common Stock), whether such obligation arises pursuant to the terms of such stock or of any agreement relating thereto or otherwise and whether or not such obligation exists in all circumstances or only upon the occurrence of a particular event or condition or upon the passage of time or otherwise. "NON-REDEEMABLE COMMON STOCK" means Non-Redeemable Stock that is common stock issued by Borrower.
Non-Redeemable Stock means common or preferred stock issued by Borrower, -------------------- provided that no Related Person has any obligation to redeem or purchase such stock or to exchange such stock for, or convert such stock to, any other security (other than Non-Redeemable Common Stock) on or prior to 91 days after the last day of the Commitment Period, whether such obligation arises pursuant to the terms of such stock or of any agreement relating thereto or otherwise and whether or not such obligation exists in all circumstances or only upon the occurrence of a particular event or condition or upon the passage of time or otherwise. "Non-Redeemable Common Stock" means Non-Redeemable Stock that is --------------------------- common stock issued by Borrower.
Examples of Non-Redeemable Stock in a sentence
Borrower will not hereafter issue any Equity Interests other than shares of Non-Redeemable Stock and any options or warrants giving the holders thereof only the right to acquire Non-Redeemable Stock.
More Definitions of Non-Redeemable Stock
Non-Redeemable Stock means stock issued by Alliance Plc, any other Borrower or any of their Subsidiaries, provided that such stock is not considered debt for GAAP, tax law or any other purpose and provided further that none of Alliance Plc, the other Borrowers nor any of their Subsidiaries has any obligation to redeem or purchase or pay dividends on such stock or to exchange such stock for, or convert such stock to, any other security, whether such obligation arises pursuant to the terms of such stock or any other agreement relating thereto or otherwise and whether or not such obligation exists in all circumstances or only upon the occurrence of a particular event or condition or upon the passage of time or otherwise.
Non-Redeemable Stock means stock issued by the Borrower, provided that such stock is not considered debt for GAAP, tax law or any other purpose and provided further that neither the Borrower nor any of its Subsidiaries has any obligation to redeem or purchase or pay dividends on such stock or to exchange such stock for, or convert such stock to, any other security (other than "Non-Redeemable Common Stock"), whether such obligation arises pursuant to the terms of such stock or any other agreement relating thereto or otherwise and whether or not such obligation exists in all circumstances or only upon the occurrence of a particular event or condition or upon the passage of time or otherwise. "Non-Redeemable Common Stock" means Non-Redeemable Stock that is common stock issued by the Borrower.
Non-Redeemable Stock of any Person means any Stock of such Person that is not Redeemable Stock of such Person.