Qualified Rights definition

Qualified Rights means options, warrants or other rights to purchase Capital Stock (other than Disqualified Capital Stock), other than any such rights that, by their terms or upon the happening of any event, are mandatorily redeemable or redeemable at the sole option of the holder thereof on or prior to the final maturity date of the Notes.
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Qualified Rights means that the Person being granted the right(s) described herein shall be entitled to exercise such right(s) so long as this Agreement is in effect, but the grantor of such right(s) shall be entitled to grant such right(s) or allow such right(s) to be exercised by all other Persons except a Person that is precluded from exercising such right(s) under the express terms hereof.
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Examples of Qualified Rights in a sentence

  • For the avoidance of doubt, nothing in this Agreement shall prohibit the reimbursement of expenses of any party hereto or their respective affiliates, which are incurred in connection with a Qualified Rights Offering and required to be reimbursed pursuant to documentation other than the Loan Documents.

  • During the Recovery Year, Covanta’s license rights in Territory A shall be Qualified Rights with respect to Licensor.

  • If Covanta fails to regain its Full Rights during the Recovery Year, its license rights in Territory A thereafter shall be Qualified Rights thereafter.

  • The Group Companies and the Principals covenant and agree that each Qualified Rights Holder shall have the right, at its own expenses, to reasonably inspect facilities, properties, records and books of each Group Company at any time during regular working hours on reasonable prior notice to such Group Company and the right to discuss the business, operation and conditions of a Group Company with any Group Company’s directors, officers, employees, accounts, legal counsels and investment bankers.

  • If the rights granted or to be granted to Licensor are terminated for any reason or if Licensor ceases to exist, AK shall enter into a substantially similar form of license agreement with American, such new license agreement to preserve the Full Rights and/or the Qualified Rights granted to American in the Territory.

  • If the rights granted or to be granted to Licensor are terminated for any reason or if Licensor ceases to exist, AK shall enter into a substantially similar form of license agreement with Covanta, such new license agreement to preserve the Full Rights and/or the Qualified Rights granted to Covanta in Territory A and Territory B.

  • The Company shall cause its counsel and auditors ------------- and the Company's employees to render such assistance in consummating the Qualified Rights Offering, at the Company's expense, as is customary in the consummation by a company of its initial public offering.

  • The Company shall prepare and file with the Commission, promptly upon Safeguard's request, any amendments or supplements to the Registration Statement or prospectus that, in Safeguard's opinion, may be necessary or advisable in connection with the Qualified Rights Offering, subject to the reasonable approval of the Board of Directors of the Company.

  • In addition, Safeguard may require the Company to engage a registered broker-dealer of Safeguard's designation, subject to the reasonable approval of the Company, to provide such services in connection with the Qualified Rights Offering as Safeguard may deem reasonably necessary or desirable, including to effect or underwrite the offering of the Rights or the Rights Shares in states in which applicable state laws require that a registered broker-dealer effect such offering.

  • The Company shall also engage legal counsel selected by Safeguard, subject to the reasonable approval of a majority of the Board of Directors of the Company, which counsel shall represent the Company in connection with the conduct of the Qualified Rights Offering.