Prepayment Equity Issuance means any issuance by the Borrower or any of its Subsidiaries of any equity or equity-linked securities in a capital raising transaction other than (a) equity issued as Stock Consideration (as defined in the Covance Acquisition Agreement) in connection with the Covance Acquisition, or (b) pursuant to any employment agreement, employee equity compensation plan or agreement or other employee equity compensation arrangement, any employee benefit plan or agreement or other employee benefit arrangement or any non-employee director equity compensation plan or agreement or other non-employee director equity compensation arrangement or pursuant to the exercise or vesting of any employee or director stock options, restricted stock units, warrants or other equity awards.
Prepayment Equity Issuance means any issuance by the Borrower of any equity or equity-linked securities other than (i) pursuant to any employment agreement, employee equity compensation plan or agreement or other employee equity compensation arrangement, any employee benefit plan or agreement or other employee benefit arrangement or any non-employee director equity compensation plan or agreement or other non-employee director equity compensation arrangement or pursuant to the exercise or vesting of any employee or director stock options, restricted stock units, warrants or other equity awards, (ii) pursuant to dividend reinvestment programs and (iii) equity or equity-linked securities issued or transferred directly as consideration with respect to any acquisition, divestiture or joint venture arrangement (excluding for the avoidance of doubt any cash or cash equivalents received as proceeds of such issuance or transfer).
Prepayment Equity Issuance means any issuance by the Borrower of any equity or equity-linked securities other than (a) pursuant to any employment agreement, employee equity compensation plan or agreement or other employee equity compensation arrangement, any employee benefit plan or agreement or other employee benefit arrangement or any non-employee director equity compensation plan or agreement or other non-employee director equity compensation arrangement or pursuant to the exercise or vesting of any employee or director stock options, restricted stock units, warrants or other equity awards, (b) pursuant to dividend reinvestment programs, (c) equity or equity-linked securities issued or transferred directly as consideration with respect to any acquisition, Disposition or joint venture arrangement permitted hereunder (excluding for the avoidance of doubt any cash or cash equivalents received as proceeds of such issuance or transfer) and (d) Equity Interests issued in lieu of payment of cash dividends on the Existing Preferred Equity Interests in accordance with the terms of the Amended and Restated Certificate of Incorporation and that certain Certificate of Designations of 6.25% Series B Mandatory Convertible Preferred Stock dated as of January 21, 2015 as in effect on the ARCA Effective Date.
Examples of Prepayment Equity Issuance in a sentence
The Borrower shall notify the Administrative Agent of the occurrence of any Prepayment Equity Issuance at least one (1) Business Day prior to the consummation of such Prepayment Equity Issuance and such notice shall be accompanied by a reasonably detailed calculation of the anticipated Net Cash Proceeds thereof.
Promptly following receipt of such notice, the Administrative Agent shall advise the Lenders of the occurrence of the Prepayment Equity Issuance and the anticipated Net Cash Proceeds thereof.
More Definitions of Prepayment Equity Issuance
Prepayment Equity Issuance means any issuance by the Borrower of any equity or equity-linked securities other than
Prepayment Equity Issuance means any issuance by the Borrower of any equity or equity-linked securities other than (a) pursuant to any employment agreement, employee equity compensation plan or agreement or other employee equity compensation arrangement, any employee benefit plan or agreement or other employee benefit arrangement or any non-employee director equity compensation plan or agreement or other non-employee director equity compensation arrangement or pursuant to the exercise or vesting of any employee or director stock options, restricted stock units, warrants or other equity awards,(b) pursuant to dividend reinvestment programs, (c) equity or equity-linked securities issued or transferred directly as consideration with respect to any acquisition, Disposition or joint venture arrangement permitted hereunder (excluding for the avoidance of doubt any cash or cash equivalents received as proceeds of such issuance or transfer) and (d) Equity Interests issued in lieu of payment of cash dividends on the Existing Preferred Equity Interests in accordance with the terms of the Amended and Restated Certificate of Incorporation and that certain Certificate of Designations of 6.25% Series B Mandatory Convertible Preferred Stock dated as of January 21, 2015 as in effect on the Effective Date.