Permitted Equity definition

Permitted Equity means common Equity Interests of Holdings or any other Equity Interests of Holdings that are reasonably accepteable to the Administrative Agent.

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Permitted Equity has the meaning specified in the definition of the “Transactions.”

Permitted Equity means (a) common equity, (b) Qualified Capital Stock or (c) other preferred equity or other instruments having terms reasonably acceptable to the Administrative Agent.

Examples of Permitted Equity in a sentence

In the event of such change, such Pledgor shall (at its expense) timely execute and deliver such instruments and documents, and make such filings or registrations, as may be reasonably requested by the ▇▇▇▇▇ Collateral Agent or required by Government Rules to maintain the ▇▇▇▇▇ Collateral Agent’s first priority perfected security interest in the Collateral subject to Permitted Equity Liens.
In the event of such change, the Pledgor shall (at its expense) timely execute and deliver such instruments and documents, and make such filings or registrations, as may be reasonably requested by the T5 Collateral Agent or required by Government Rules to maintain the T5 Collateral Agent’s first priority perfected security interest in the Collateral, subject to Permitted Equity Liens.
Such Pledgor shall not cause, suffer, or permit the sale, assignment, conveyance, pledge, or other transfer of all or any portion of such Pledgor’s Equity Interest in the applicable Company or any other portion of the Collateral, subject to Permitted Equity Liens.
The Pledgor shall not cause, suffer, or permit the sale, assignment, conveyance, pledge, or other transfer of all or any portion of the Pledgor’s Equity Interest in the Company or any other portion of the Collateral, subject to Permitted Equity Liens.
The Pledgor shall not take any action, or fail to take any action, that would impair in any material respect the enforceability of the T5 Collateral Agent’s security interest in and Lien on any Collateral, subject to Permitted Equity Liens.

More Definitions of Permitted Equity

Permitted Equity has the meaning assigned to such term in the Recitals to this Agreement.

Permitted Equity means any Equity Interests of the Borrower (or any parent thereof) that in the case of the Borrower, are not Disqualified Equity Interests.

Permitted Equity means common equity, Qualified Stock or any other instrument with terms reasonably acceptable to the Joint Lead Arrangers.

Permitted Equity shall have the meaning assigned to such term in the definition of “Sponsor Contribution”.

Permitted Equity means Equity Interests of Intermediate Holdings issued in exchange for cash that by its terms (or by the terms of any Equity Interest into which it is convertible or for which it is exchangeable) or upon the happening of any event or otherwise, (a) does not mature and is not mandatorily redeemable, in whole or in part, or required (including at the option of the holder thereof) to be repurchased or redeemed, in whole or in part, by Intermediate Holdings, and which does not require the payment of cash dividends or distributions (other than Permitted Tax Payments), in each case, prior to the date that is at least one hundred eighty-one (181) days after the Maturity Date, (b) is not secured by the assets of any Loan Party, (c) is not convertible or exchangeable into Indebtedness of any Loan Party, (d) does not constitute Indebtedness of Intermediate Holdings or any Restricted Subsidiary, (e) does not result in a Change of Control and (f) is issued at a time and in a manner when no Event of Default then exists or would be caused thereby.

Permitted Equity means Equity Interests issued by a Borroweri3 Verticals or HoldCo after the Closing Date that are (i) approved by the Required Lenders, or (ii) are not approved by the Required Lenders, but which (A) do not impose upon a Borrower or HoldCo any obligation of redemption, payment of dividends, or like obligation, unless expressly subordinate to the full payment of the Obligations, and (B) to the extent required to be pledged pursuant to Section 6.4(c) hereof, are when issued made subject to a first priority perfected security interest in favor of Collateral Agent pursuant to documents approved by Collateral Agent in the instance.

Permitted Equity means (a) common equity of Holdings, (b) Qualified Capital Stock of Holdings, (c) Pepsi Preferred Stock, and (d) other preferred Capital Stock of Holdings having terms reasonably acceptable to the Administrative Agent. “Permitted Liens” means Liens permitted pursuant to Section 6.02. “Permitted Payee” means any future, current or former director, officer, member of management, manager, employee, independent contractor or consultant and/or their respective estates, heirs, family members, spouses, domestic partners, former spouses or former domestic partners (or any Affiliate or transferee of any of the foregoing) of any Borrower (or any Restricted Subsidiary). “Permitted Ratio Debt” means Indebtedness of any Borrower or any Restricted Subsidiary so long as on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness, and the application of the proceeds thereof (without netting the cash proceeds thereof, but giving effect to any related Subject Transaction) and to any relevant Subject Transaction (and, in the case of any such Indebtedness in the form of revolving loans or a revolving facility then being established, assuming a full drawing thereunder), (i) if such Indebtedness is secured by a Lien ranking pari passu with the Lien securing the Loan Document Obligations on any Collateral, the First Lien Net Leverage Ratio does not exceed the greater of (x)