Repurchase Restriction has the meaning specified in clause (c) of the definition of “Alternative Payment Mechanism.”
Repurchase Restriction means a provision that requires the Corporation and its Subsidiaries not to redeem or purchase any of the securities of the Corporation ranking junior to or pari passu with any APM Qualifying Securities the proceeds of which were used to settle deferred interest during the relevant deferral period until at least one year after all deferred Distributions have been paid, except where non-payment would cause the Corporation to breach the terms of the relevant instrument, other than the following (none of which shall be restricted or prohibited by a repurchase restriction):
Repurchase Restriction means, with respect to any APM Qualifying Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision, provisions that require the Corporation and its Subsidiaries not to redeem, purchase or defease any of its securities ranking junior to or pari passu with any APM Qualifying Securities the proceeds of which were used to settle deferred interest during the relevant deferral period until at least one year after all deferred Distributions have been paid, except where non-payment would cause the Corporation to breach the terms of the relevant instrument, other than the following (none of which shall be restricted or prohibited by a Repurchase Restriction) if deferral of distributions continues for more than one year:
Examples of Repurchase Restriction in a sentence
Key findings include: • Agencies developing GIS for PEL may take different paths.• Interagency collaboration is essential for data-sharing.• Funding availability and policies may vary.• Data are acquired from different sources, necessitating standardization.• Data confidentiality policies differ.
Morally and philosophically I find myself in agreement with virtually the wholeof it; and not only in agreement with it, but in deeply moved agreement.” <https://www.econlib.org/library/ Enc1/bios/Hayek.html> accessed May 2020.
Our Credit Facility prohibits share repurchases for cancellation if a defined leverage ratio exceeds a specified amount (Repurchase Restriction).
More Definitions of Repurchase Restriction
Repurchase Restriction means, with respect to any Qualifying Capital Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision, provisions that require the Corporation and its Subsidiaries not to repay, redeem or purchase any of its securities ranking junior to or pari passu with any APM Qualifying Securities the proceeds of which were used to settle deferred interest during the relevant deferral period until at least one year after all deferred Distributions have been paid, except where non-payment would cause the Corporation to breach the terms of the relevant instrument, other than the following (none of which shall be restricted or prohibited by a Repurchase Restriction):
Repurchase Restriction means, with respect to any Qualifying Capital Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision, provisions that require the Corporation or any of its Subsidiaries, if deferral of Distributions continues for more than one year (or such shorter period as provided for in the terms of such securities), not to repay, redeem or purchase any of the Corporation’s securities ranking junior to or pari passu with any APM Qualifying Securities upon the Corporation’s bankruptcy or liquidation, the proceeds of which were used to settle deferred interest during the relevant deferral period until at least one year after all deferred distributions have been paid, other than the following (none of which shall be restricted or prohibited by a Repurchase Restriction):
Repurchase Restriction means, with respect to any APM qualifying securities that include an alternative payment mechanism or a mandatory trigger provision, provisions that require AIG and its subsidiaries not to redeem, purchase or defease any of its securities ranking junior to or pari passu with any APM qualifying securities the proceeds of which were used to settle deferred interest during the relevant deferral period until at least one year after all deferred distributions have been paid, except where non-payment would cause AIG to breach the terms of the relevant instrument, other than the following (none of which shall be restricted or prohibited by a repurchase restriction) if deferral of distributions continues for more than one year: • redemptions, purchases or other acquisitions of shares of common stock in connection with any employee benefit plan; or• purchases of shares of common stock pursuant to a contractually binding requirement to buy common stock entered into prior to the beginning of the related deferral period, including under a contractually binding stock repurchase plan.
Repurchase Restriction has the meaning specified in clause (c) of the definition of “Alternative Payment Mechanism.” “Rights to acquire Common Stock” includes any right to acquire Common Stock, including any right to acquire Common Stock pursuant to a stock purchase plan or employee benefit plan.