Ownership Interests definition
Examples of Ownership Interests in a sentence
The Collateral Agent shall Transfer the Treasury Portfolio to the Collateral Account to secure the obligation of all Holders of Corporate Units to purchase Common Stock of the Company under the Purchase Contracts constituting a part of such Corporate Units, in substitution for the Debentures underlying the Pledged Applicable Ownership Interests in Debentures.
The JV Group's assets or the proceeds from the sale thereof shall be applied and distributed by the Liquidator to the Shareholders, in accordance with their proportionate Ownership Interests, to the maximum extent permitted by, but subject to, Applicable Law.
All outstanding Ownership Interests of the Borrower have been duly authorized, validly issued, fully paid and are non-assessable.
The Borrower will use the aggregate proceeds of the Advances for working capital needs, to finance acquisitions and other general corporate purposes of the Borrower and its Subsidiaries (including, without limitation, to refinance or repurchase Indebtedness and to purchase issued and outstanding Ownership Interests of the Borrower).
Borrower will not (i) dissolve, liquidate, reorganize, merge, or consolidate with or into any other corporation, limited liability company or business entity, (ii) purchase, repurchase, redeem or otherwise retire any of its Ownership Interests, (iii) acquire the assets or equity of any other Person, or (iv) adopt a plan of division or conversion or otherwise reorganize.