Specified Equity Securities definition

Specified Equity Securities means securities or interests resulting from the exercise of an option, warrant, right of conversion, pre-emptive right, rights offering, credit bid or similar right in connection with the workout or restructuring of a Collateral Obligation or an equity security or interest received in connection with the workout or restructuring of a Collateral Obligation, in each case to the extent such security or interest does not constitute Margin Stock. The acquisition of Specified Equity Securities will not be required to satisfy the Investment Criteria. The holding of Specified Equity Securities will be subject to certain requirements set forth in the Indenture.
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Specified Equity Securities. The securities or interests resulting from the exercise of an option, warrant, right of conversion, pre-emptive right, rights offering, credit bid or similar right in connection with the workout or restructuring of a Collateral Obligation or an equity security or interest received in connection with the workout or restructuring of a Collateral Obligation, in each case to the extent such security or interest does not constitute Margin Stock.
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Specified Equity Securities. The securities or interests resulting from the exercise of an option, warrant, right of conversion, pre-emptive right, rights offering, credit bid or similar right in connection with the workout or restructuring of a Collateral Obligation or an equity security or interest received in connection with the workout or restructuring of a Collateral Obligation, in each case to the extent such security or interest does not constitute Margin Stock and that in the reasonable judgment of the Collateral Manager would be considered “received in lieu of debt previously contracted” with respect to the Collateral Obligations under the Xxxxxxx Rule.
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Examples of Specified Equity Securities in a sentence

  • All Collateral Obligations, Workout Loans, Equity Securities, Specified Equity Securities and Restructured Obligations shall be credited to the Custodial Account.


More Definitions of Specified Equity Securities

Specified Equity Securities means Equity Securities, other than (i) Equity Securities issued to directors or employees of or consultants to the Company or its Subsidiaries as Qualifying Incentive Compensation (including (a) the issuance of Equity Securities as Qualifying Incentive Compensation that are exercisable for other Equity Securities and (b) the issuance of Equity Securities upon the exercise of rights pursuant to Equity Securities referenced in the foregoing clause (a)), (ii) Equity Securities issued as “equity kickers” to bona fide independent third-party lenders pursuant to debt financings, (iii) any Equity Securities issued pursuant to an IPO or any other firm commitment underwritten public offering registered under the Securities Act, (iv) any Acquisition Equity Securities, (v) any Equity Securities issued pursuant to the LTIP in accordance with the terms thereof or (vi) any Equity Securities issued in connection with a Sale Event and (vii) any Equity Securities issued in any stock split, dividend, combination, recapitalization or similar transaction in respect of Equity Securities described in the foregoing clauses (i) to (vi). Any Equity Securities constituting Specified Equity Securities shall cease to be Specified Equity Securities when they have been transferred pursuant to a Public Sale. References to “applicable Specified Equity Securities” shall refer to Specified Equity Securities of a common category, it being understood, for example, that Class A Common Stock and Class B Common Stock are of a common category, but preferred stock, if any, of the Company, on the one hand, and Class A Common Stock or Class B Common Stock, on the other hand, are not of a common category.
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Specified Equity Securities. Securities or interests (including any Margin Stock) resulting from the exercise of a warrant, option, right of conversion, pre-emptive right, rights offering, credit bid or similar right in connection with the workout or restructuring of a Collateral Obligation or an equity security or interest received in connection with the workout or restructuring of a Collateral Obligation. The acquisition of Specified Equity Securities will not be required to satisfy the Investment Criteria. “Specified Obligor Information”: The meaning specified in Section 14.15(b). “Standby Directed Investment”: Initially, Xxxxxx Xxxxxxx US Dollar Liquidity – Institutional (which investment is, for the avoidance of doubt, an Eligible Investment); provided that the Issuer, or the Collateral Manager on behalf of the Issuer, may by written notice to the Trustee change the Standby Directed Investment to any other Eligible Investment of the type described in clause (ii) of the definition of “Eligible Investments” maturing not later than the earlier of (i) 30 days after the date of such investment (unless putable at par to the issuer thereof) or (ii) the Business Day immediately preceding the next Payment Date (or such shorter maturities expressly provided herein). “Stated Maturity”: With respect to the Debt of any Class, the date specified as such in Section 2.3 or as otherwise specified herein with respect to such Class of Debt. “Step-Down Obligation”: An obligation or security which by the terms of the related Underlying Documents provides for a decrease in the per annum interest rate on such obligation or security (other than by reason of any change in the applicable index or benchmark rate used to determine such interest rate) or in the spread over the applicable index or benchmark rate, solely as a function of the passage of time; provided that an obligation or security providing for payment of a constant rate of interest at all times after the date of acquisition by the Issuer shall not constitute a Step-Down Obligation. “Step-Up Obligation”: An obligation or security which by the terms of the related Underlying Documents provides for an increase in the per annum interest rate on such obligation or security, or in the spread over the applicable index or benchmark rate, solely as a function of the passage of time; provided that an obligation or security providing for payment of a constant rate of interest at all times after the date of acquisition by the Issuer shall not constitute ...
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Specified Equity Securities means (i) any Common Stock, (ii) any nonvoting preferred stock (or any convertible preferred stock having voting rights on an as-converted basis) of the Company having a fixed, floating or formulaic dividend rate and a fixed liquidation preference, that does not participate in the financial results of the Company or any of its Subsidiaries or other business operations and the value of which is not derived from any other security or business operation and (iii) any debt securities of the Company convertible into any of the foregoing.
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Specified Equity Securities common stock of the Borrower, mandatorily convertible preferred stock of the Borrower which is convertible within three years of issuance or any other high equity-content securities of the Borrower approved by a majority of the Agents (which approval will not be unreasonably withheld).
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Specified Equity Securities. Any Equity Securities (including any Margin Stock) received (or acquired with amounts permitted to be used in accordance with the definition of "Permitted Use" and/ or amounts on deposit in the Interest Collection Account as set forth in Section 12.6(a)(i)) in connection with the workout, restructuring or similar transaction to mitigate losses with respect to an Underlying Asset. The acquisition of Specified Equity Securities will not be required to satisfy the Portfolio Criteria.
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Related to Specified Equity Securities

  • Qualified Equity Interests means any Equity Interests that are not Disqualified Equity Interests.

  • Disqualified Equity Interests means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 180 days after the Maturity Date.

  • Qualified Equity Interest means, with respect to any Person, any Equity Interest of such Person that is not a Disqualified Equity Interest.

  • Disqualified Equity Interest means, with respect to any Person, any Equity Interest in such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition:

  • Equity Securities means, with respect to any Person that is a legal entity, any and all shares of capital stock, membership interests, units, profits interests, ownership interests, equity interests, registered capital, and other equity securities of such Person, and any right, warrant, option, call, commitment, conversion privilege, preemptive right or other right to acquire any of the foregoing, or security convertible into, exchangeable or exercisable for any of the foregoing, or any Contract providing for the acquisition of any of the foregoing.

  • Specified Equity Contribution has the meaning specified in Section 8.04.

  • Disqualified Capital Stock means that portion of any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof, in any case, on or prior to the 91st day after the final maturity date of the Notes.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Equity Security means any stock or similar security, including, without limitation, securities containing equity features and securities containing profit participation features, or any security convertible into or exchangeable for, with or without consideration, any stock or similar security, or any security carrying any warrant, right or option to subscribe to or purchase any shares of capital stock, or any such warrant or right.