Stock Sale Proceeds definition
Examples of Stock Sale Proceeds in a sentence
Except upon the occurrence of (a) an Asset Sale and the redemption of Securities from Net Proceeds of Asset Sale pursuant to Section 423, (b) a Stock Sale and the redemption of Securities from Stock Sale Proceeds pursuant to Section 423 or (c) a Change of Control and the redemption of Securities pursuant to Section 425, the Redemption Price shall be equal to one hundred and one percent (101%) of the principal amount of the Securities so redeemed.
Any payments made pursuant to clauses (2) through (7) of the immediately preceding paragraph shall be excluded from the calculation of the aggregate amount of Restricted Payments made after the Issue Date; provided, however, that the proceeds from the issuance of Capital Stock pursuant to clause (3) of the immediately preceding paragraph shall not constitute Capital Stock Sale Proceeds for purposes of clause (c)(ii) of the first paragraph of this Section 4.13.
Individual acknowledges receipt of the Stock Sale Proceeds pursuant to Section 10(b) through this application, and the Company acknowledges receipt of an amount equal to the Stock Sale Proceeds plus additional cash in the amount of $5,658.10 as payment of the entire balance of principal and interest on the Loans and other amounts outstanding as of the Effective Date, which Loans are hereby acknowledged to be paid in full.
Any payments made pursuant to clauses (b), (c), (f) and (h) of the immediately preceding paragraph shall be excluded from the calculation of the aggregate amount of Restricted Payments made after the Issue Date; PROVIDED, HOWEVER, that the proceeds from the issuance of Capital Stock pursuant to clause (c) of the immediately preceding paragraph shall not constitute Capital Stock Sale Proceeds for purposes of clause (c)(ii) of the first paragraph of this Section 4.13.
Any payments made pursuant to clauses (2) through (8) of the immediately preceding paragraph shall be excluded from the calculation of the aggregate amount of Restricted Payments made after the Issue Date; provided, however, that the proceeds from the issuance of Capital Stock pursuant to clause (3) of the immediately preceding paragraph shall not constitute Capital Stock Sale Proceeds for purposes of clause (c)(ii) of the first paragraph of this Section 4.13.
Individual does hereby sell to the Company, and the Company does hereby purchase from Individual, as of the Effective Date, 468,452 shares of Company common stock for a price equal to $7.859 per share (or an aggregate of $3,681,564.27, being the "Stock Sale Proceeds").
The IMX Sale Proceeds shall be applied by the Lender to the amounts outstanding under the Overadvance and the amount of the permitted Overadvance shall be permanently reduced by the amount of the IMX Stock Sale Proceeds.
Any payments made pursuant to clauses (b) and (c) of the immediately preceding paragraph shall be excluded from the calculation of the aggregate amount of Restricted Payments made after the Issue Date; PROVIDED, HOWEVER, that the proceeds from the issuance of Capital Stock pursuant to clause (c) of the immediately preceding paragraph shall not constitute Capital Stock Sale Proceeds for purposes of clause (c)(ii) of the first paragraph of this Section.
Except upon the occurrence of (a) an Asset Sale and the redemption of Securities from Net Proceeds of Asset Sale pursuant to Section 423, (b) a Stock Sale and the redemption of Securities from Stock Sale Proceeds pursuant to Section 424 or (c) a Change of Control and the redemption of Securities pursuant to Section 425, the Redemption Price shall be equal to one hundred and one percent (101%) of the principal amount of the Securities so redeemed.
In such case, (i) the transaction associated with such consideration, or portion of such transaction associated with the consideration, so designated shall not constitute an Affiliate Transaction and (ii) the consideration received by CCO or any Restricted Subsidiary directly associated with the consideration designated as a Restricted Payment shall be deemed to be Capital Stock Sale Proceeds in an amount not greater than the amount of consideration designated as a Restricted Payment.