Share Repurchases definition

Share Repurchases means the purchase and cancellation by the Borrower of up to $75,000,000 of its shares of common stock pursuant to the Share Repurchase Program.

Share Repurchases shall have the meaning given such term in the IRS Ruling.

Share Repurchases means purchases by the Parent of its issued and outstanding Equity Interests.

Examples of Share Repurchases in a sentence

• In the event that the dividend amount is to be invested in shares of Common Stock acquired in Share Repurchases, you shall apply the amount of such dividend on my shares (less my pro rata share of brokerage commissions incurred with respect to the Share Repurchases) to the repurchase of shares of the Common Stock in privately negotiated transactions for my account.

• For all purposes of the Plan, (a) net asset value per share of the Common Stock on a particular date shall be as determined by or on behalf of the Fund and (b) market price per share of the Common Stock on a particular date shall be based upon quotations obtained from unaffiliated third parties as reasonably available and in accordance with the Share Repurchases Procedures or if no such quotations exist, from affiliates as provided to the Fund in good faith.

• For the purposes of cash investments you may commingle my funds with those of other shareholders of the Fund for whom you similarly act as Agent, and the average price (including brokerage commissions) of all shares repurchased by you as Agent in privately negotiated transactions shall be the price per share allocable to me in connection with such Share Repurchases.

• Share Repurchases may be made on such terms as to price, delivery, and otherwise as you shall determine, including in accordance with the Share Repurchase Procedures adopted by the Board of Directors of the Fund.

• In the event of a Market Discount on the Valuation Date, the Agent shall have until the last business day before the next ex-dividend date with respect to the shares of Common Stock or in no event more than 30 days after the Valuation Date (the “Last Purchase Date”) to invest the dividend amount in shares acquired in Share Repurchases.

More Definitions of Share Repurchases

Share Repurchases means a transaction or series of transactions whereby Parent repurchases Stock of Parent, (i) pursuant to Parent’s Stock repurchase plan approved by the Board of Directors (the “Plan Share Repurchases”), as long as: (x) no Default or Event of Default shall have occurred and be continuing either before or immediately after giving effect to a Plan Share Repurchase, (y) both before and immediately after giving effect to any Plan Share Repurchase, Borrowers would have Liquidity in excess of $30,000,000 and (z) the aggregate amount of consideration paid for such Plan Share Repurchases shall not exceed $5,000,000; (ii) pursuant to repurchase rights exercisable in connection with the termination of service of any service provider to any Borrower (the “Other Share Repurchases”), provided: (y) no Default or Event of Default shall have occurred and be continuing or would result from any Other Share Repurchase and (z) the aggregate amount of consideration paid for such Other Share Repurchase shall not exceed $500,000 in any one fiscal year; and (iii) pursuant to Plan Share Repurchases (in addition to those permitted under clause (i) above and referred to herein as the “Additional Plan Share Repurchases”) as long as: (w) no Default or Event of Default shall have occurred and be continuing either before or immediately after giving effect to an Additional Plan Share Repurchase, (x) both before and immediately after giving effect to any Additional Plan Share Repurchase, Borrowers would have Liquidity in excess of $40,000,000, (y) the aggregate amount of consideration paid for such Additional Plan Share Repurchases shall not exceed $50,000,000, and (z) all such Additional Plan Share Repurchases described in this clause (iii) shall be consummated on or before June 30, 2007.

Share Repurchases means the aggregate amount of Cash, the principal amount of any promissory note or other consideration paid by Maritrans for the purchase by Maritrans of outstanding shares of Maritrans' capital stock.

Share Repurchases has the meaning set forth in Section 7.07(e).

Share Repurchases means the purchase of shares of any class of stock, option, right or other equity interest, whether voting or non-voting of MCRI by MCRI.

Share Repurchases means purchases by the Borrower of common stock of the Borrower pursuant to one or more share repurchase plans announced by the board of directors of the Borrower from time to time.

Share Repurchases the collective reference to the Initial Share Repurchase and the Second Share Repurchase.

Share Repurchases has the meaning given in Section 8.4(b).