Stock Repurchase Plan definition
Examples of Stock Repurchase Plan in a sentence
Borrower has disclosed to Lender that it has adopted a Stock Repurchase Plan for up to 750,000 shares of its common stock and that it anticipates that there will be other stock agreements or trust preferred agreements with new mergers and acquisitions, copies of which the Borrower shall deliver to Lender within a reasonable time following the acquisition.
Borrower has disclosed to Lender that it has adopted a Stock Repurchase Plan for up to 500,000 shares of its common stock and that it anticipates that there will be other stock agreements or trust preferred agreements with new mergers and acquisitions, copies of which the Borrower shall deliver to Lender within a reasonable time following the acquisition.
SLT will not permit its Tangible Net Worth to be less than the greater of (a) $585,000,000 and (b) 75% of Tangible Net Worth at closing, plus 75% of Net Available Proceeds from equity offerings by the Trust, calculated on a cumulative GAAP basis, as adjusted to give effect to the Stock Repurchase Plan.
As soon as reasonably practicable after the date hereof the Company shall cause the Stock Repurchase Plan to be terminated in accordance with its terms.
The Company's Board of Directors has approved a 24-month Stock Repurchase Plan whereby the Company has directed its representative to repurchase up to 1,000,000 shares of the Company's common shares on the public market (the "Equity Repurchase Plan").
As of the date of this Agreement, no shares of Parent Common Stock or Parent Preferred Stock were reserved for issuance, except that 3,300,282 shares of Parent Common Stock were reserved for issuance upon the exercise of stock options pursuant to the 1989 and 1999 Omnibus Stock Plans, Dividend Reinvestment Program and Employee Stock Repurchase Plan (collectively, the “Parent Stock Plans”).
The purpose of this Amendment is to permit the use of the proceeds of any Term Loan Advance to purchase Borrower's Common Stock pursuant to the Stock Repurchase Plan and to make such other modifications to the Agreement as are necessary or appropriate to permit such application of proceeds.