Sentences with phrase «before equity holders»

Not exact matches

Under European rules, a public recapitalization entails that equity holders and subordinated creditors (owners of high - ranking debt) will have to share the burden and enter a «bail - in» of 8 percent (minimum) before public money is used.

-LSB-(Version 2, which is not quite as aggressive): If any holder of Series A Preferred Stock fails to participate in the next Qualified Financing, (as defined below), on a pro rata basis (according to its total equity ownership immediately before such financing) of their Series A Preferred investment, then such holder will have the Series A Preferred Stock it owns converted into Common Stock of the Company.

Preferred returns: Preferred returns represent an amount that the startup must return to the venture capitalist before it distributes any assets (payments) to the holders of common (residual) equity shares.

Senior secured loans: Leveraged Loans or senior loans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity holders.

The preferred dividend is paid out only after interest has been first paid to regular debt holders but before common equity holders can retain any of their profits.

A judgment attachment is most often a secondary lien that allows the creditor to receive money from the sell of the asset after primary lien holders have been paid and before the owner realizes any equity.

Interestingly, Klarman is also a large holder of the common equity and he purchased before shares fell to current levels.

According to the mortgage act in Ontario, a holder of a registered mortgage may sell it off to claim their investment but that is not possible because lenders who came before must recoup before a home equity lender can be compensated.

Notable mandates: Successfully represented Toronto mayor Rob Ford in a libel and defamation action; representing former Liberal MP Borys Wrzesnewskyj in litigation proceeding contesting election in Etobicoke Centre; acting on the establishment of a large residential real estate private equity fund; a complex reorganization of an existing real estate private equity fund into private REIT, the investors in which include several of Canada's largest pension plans and mutual funds; acted for the purchaser in excess of 230 quick service restaurants in Ontario, B.C., and Quebec; acted for management in a proxy dispute involving an interlisted TSX and ASX company, involving various interest holders in several international jurisdictions; represented Pharmascience Inc. at Federal Court of Canada; represented clients such as Apotex Inc. in trademark dispute; represented Canadian Generic Pharmaceutical Association in matters before the Trademark Opposition Board.

b) it provides the bona fide purchaser for value the complete legal title to the instrument without any encumbrance from title defects or other equities or other prior holders of the instrument (assuming the purchaser did not receive notice of any such defect in title or equity before making the transfer).