New Equity

Example Definitions of "New Equity"
New Equity. Has the meaning referred to in the preliminary statements herein.
New Equity. Shall have the meaning ascribed to it in the Recapitalization Term Sheet.
New Equity. Shall mean the net cash proceeds, plus, in the case of non-cash consideration, the fair market value thereof as determined in good faith by the Board of Directors of the Company, received by the Company as capital contributions, other than from a Subsidiary, or from the issuance or sale, other than to a Subsidiary, of Equity Interests of the Company (other than Disqualified Stock), during the fiscal year as to which the Annual Leverage Test is being conducted and, at the election of the... Company, within 90 days of the end of such year (provided that the Company must designate whether such amounts received in such 90 day period shall be credited to the calculation of the Annual Leverage Test either for the immediately preceding fiscal year or the fiscal year in which they are received, but not both). View More Arrow
New Equity. Shall have the meaning given in the Plan Term Sheet.
All Definitions