Parent Stock Redemption definition

Parent Stock Redemption means the election of an eligible holder of Parent Shares (as determined in accordance with Parent Governing Documents and the Trust Agreement) to redeem all or a portion of such holder’s Parent Shares, at the per-share price, payable in cash, equal to such holder’s pro rata share of the Trust Account (as determined in accordance with Parent Governing Documents and the Trust Agreement) in connection with the Parent Stockholder Meeting.
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Parent Stock Redemption is defined in the second recital.
Sample 1

Examples of Parent Stock Redemption in a sentence

  • The Parent Stock Redemption shall have been completed in accordance with the terms hereof and the Parent Governing Documents.

  • The funds that the Buyer Group will receive from the Financing, together with the amount of funds remaining in the Trust Account after the Parent Stock Redemption, are sufficient to pay the Initial Purchase Price in full at the Closing and to consummate the transactions contemplated hereby.

  • Middleby shall not, and shall not suffer or permit any of its Subsidiaries and the Parent Corporation to, enter into any transaction with any Affiliate of Middleby or any Subsidiary except (a) the Parent Stock Redemption or (b) upon fair and reasonable terms no less favorable to Middleby or such Subsidiary than would obtain in a comparable arm's-length transaction with a Person not an Affiliate of Middleby or such Subsidiary.

  • In addition, Middleby may use the proceeds of the Loans made to it for redemption of the common stock of the Parent Corporation not exceeding $12,000,000 in the aggregate (the "Parent Stock Redemption") and refinancing of existing indebtedness of Middleby evidenced by the BA Leasing Documents.

Related to Parent Stock Redemption

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Mandatorily Convertible Preferred Stock means cumulative preferred stock with (a) no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise, and (b) a requirement that the preferred stock convert into Common Stock of the Corporation within three years from the date of its issuance at a conversion ratio within a range established at the time of issuance of the preferred stock.

  • Redemption Time means the time at which the right to exercise the Rights shall terminate pursuant to Section 5.1 hereof.

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Special Redemption Date has the meaning set forth in Section 10.2.