Stock Purchase Loan definition

Stock Purchase Loan means a loan made by the Company or a Restricted Subsidiary to one of its employees, agents or directors, the proceeds of which are used to purchase Capital Stock of the Company and the repayment of which is secured by a pledge of such Capital Stock.
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Stock Purchase Loan or "Loan" shall mean a recourse loan to a Participant made pursuant to Section 11 of the Plan.
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Stock Purchase Loan means a loan made by the Company as the lender and the Participant as the borrower, in respect to the purchase of Purchased Stock, subject to the terms and conditions of the accompanying Loan Agreement.
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Examples of Stock Purchase Loan in a sentence

  • Additionally, the Employee shall receive the DEU benefits described in Section 4(c) and Appendix A that would have been provided if the Employee's employment had been terminated by the Company without Cause as of the date of the Change of Control, and the Stock Purchase Loan provisions contained in Section 4(e) shall apply as if the Employee's employment had been terminated by the Company without Cause as of the date of the Change of Control.

  • In addition, any outstanding Advance Reimbursement Loan shall mature as provided in Section 4 and any outstanding Stock Purchase Loan shall become due and payable six months following the date of termination.

  • In addition, any outstanding Cash Flow Loan shall be repaid over five years in five fully amortizing annual installments, with the first installment becoming due and payable on the first anniversary of the date of termination; any outstanding Advance Reimbursement Loan shall mature as provided in Section 4; and any outstanding Stock Purchase Loan shall become due and payable six months after the date of termination.

  • In the event the Participant voluntarily terminates employment prior to the final maturity date of the Loan, the Participant shall have thirty (30) days following the date of termination during which he or she must repay any amount outstanding under the Stock Purchase Loan, including any accrued and unpaid interest.

  • Except to the extent restricted under the Stock Purchase Loan Agreement or other agreements or documents executed in connection therewith, a Participant who purchases Shares under the Plan shall have all of the rights of a shareholder with respect to the Shares purchased under the Plan including, without limitation, the right to vote the Shares and the right to receive dividends thereon.

  • The "Per Share Release Price" shall be an amount calculated by dividing the outstanding principal amount of and accrued interest on the Stock Purchase Loan as of the date of such sale by the total number of shares of Loan Stock subject to the Collateral Security Agreement immediately prior to such sale.

  • The Committee may, by way of a Stock Purchase Loan Agreement or otherwise, establish such terms and conditions as it shall determine in its discretion with respect to the effect on any Award or Loan of the termination of employment of the Participant or the change of control, merger, sale of substantially all assets or similar transaction with respect to the Company.

  • In the event the Participant's employment is terminated due to death, Disability or Retirement prior to the final maturity date of the Loan, the Committee in its discretion may accelerate the forgiveness of any amount outstanding under the Stock Purchase Loan, including any accrued and unpaid interest.

  • An Eligible Employee who has received a notice of an Award may elect to participate in the Plan by completing, executing and delivering to the Company a Stock Purchase Loan Agreement, one or more Promissory Notes and a Stock Pledge Agreement, in such forms and with such terms and conditions as determined by the Committee, and such other agreements or instruments as may be determined to be necessary or appropriate by the Committee for participation in the Plan.

  • Unless otherwise determined by the Committee and set forth in applicable Award Agreement or other documents evidencing such Stock Purchase Loan, there shall be no requirement for the Participant to repay the Loan until the end of the loan period.


More Definitions of Stock Purchase Loan

Stock Purchase Loan means the facility described in Section 2.1 hereof the proceeds of which shall be used by Onisxx xx purchase the Loan Stock and pay all Stock Purchase Expenses.
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Stock Purchase Loan means a loan by the Company to the Executive in the principal amount of $300,000 for the purpose of acquiring Company Shares, which loan shall be payable in full on the fifth anniversary of the loan, shall bear interest at the applicable federal mid-term rate (as defined in Section 1274 of the Code and published in the Internal Revenue Bulletin) in effect on the date such loan is made payable annually in arrears, which shall be subject to demand and acceleration of the payment of the outstanding principal amount thereof in the event the Executive experiences a Termination With Cause, Voluntary Termination or Change of Control Termination, which will be subject to demand and acceleration of the payment of one-half (1/2) the outstanding principal amount thereof, with the other half being forgiven, in the event the Executive experiences a Termination Without Cause, and which loan shall be evidenced by an unsecured promissory note that may be prepaid without penalty at any time. Notwithstanding any acceleration in the payment of outstanding principal under the Stock Purchase Loan, the maturity of the Stock Purchase Loan shall in no event be earlier than January 1, 2000.
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Stock Purchase Loan has the meaning set forth in Section 4.26(b).
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Related to Stock Purchase Loan

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Stock Purchase has the meaning set forth in the Recitals.

  • Stock Purchase Date has the meaning specified in the Stock Purchase Contract Agreement.

  • Common Stock Purchase Agreement means an agreement among the Investor and/or PJC, Emergent and any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer and elects to participate, substantially in the form attached hereto as Exhibit A, pursuant to which Emergent will issue and sell (a) to the Investor and/or PJC, in the aggregate, 75,000,000 Shares at a price of $0.20 per share, and (b) to any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer that so requests, for every $1,000.00 of principal amount of Convertible Notes that it tenders into the Convertible Note Exchange Offer, 500 Shares at a price of $0.20 per share; provided, that the aggregate maximum number of Shares to be so issued and sold to the Convertible Note Holders who accept and exchange all of their Convertible Notes in the Convertible Note Exchange Offer pursuant to the Common Stock Purchase Agreement shall not exceed 40,000,000.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Restricted Stock Purchase Agreement means a written agreement between the Company and the Optionee evidencing the terms and restrictions applying to stock purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the Notice of Grant.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Stock Purchase Agreements the meaning set forth in the recitals to this Agreement.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Receivables Purchase Price means $1,403,509,094.50.

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Series B Purchase Agreement means the Series B Preferred Stock Purchase Agreement with respect to the purchase and sale of shares of the Company’s Series B Preferred Stock, dated as of the date hereof, by and among the Company and the Series B Investors, as it may be amended from time to time.

  • Equity Purchase Agreement is defined in the recitals.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Loan Purchase Agreement The Loan Purchase Agreement described in the Recitals to this Agreement, which Loan Purchase Agreement incorporates the terms of the Aurora Loan Services Seller Guide, as the same may be amended from time to time.

  • Unit Purchase Agreement means the Common Unit and Class B Unit Purchase Agreement, dated as of December 1, 2006, among the Partnership and the purchasers named therein.

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.