Automatic Exchange has the meaning ascribed thereto in the Share Exchange Agreement.

Automatic Exchange means the systematic communication of predefined information to another state, without prior request;

Automatic Exchange shall have the meaning specified in Section 2.12.

Examples of Automatic Exchange in a sentence

Upon an Automatic Exchange of the Notes, the Partnership reserves the right not to issue some or all of the Exchange Preferred Units to Ineligible Persons.
Upon the occurrence of an Automatic Exchange Event (such time, the “Exchange Time”), the Notes, including accrued and unpaid interest thereon, will be exchanged automatically (the “Automatic Exchange”), without the consent of the Holders thereof, into Exchange Preferred Units.
As soon as practicable following receipt by the U.S. Trustee from the Issuer of an Automatic Exchange Event Notice, the U.S. Trustee shall deliver notice to the Holders of Notes of the occurrence of the Automatic Exchange; provided, however, that a failure to make such delivery shall not affect, reduce or modify in any way the effectiveness of the Automatic Exchange with effect as of the Exchange Time.
The Issuer shall deliver to the U.S. Trustee a written notice of the occurrence of an Automatic Exchange (the “Automatic Exchange Event Notice”) within 10 days after the occurrence of such event, which Automatic Exchange Event Notice shall be signed by any director or officer (or equivalent) of the Issuer and shall be binding on the Holders of the Notes.
This Security will be automatically exchanged into Exchange Preferred Units (as defined in the Indenture) upon an Automatic Exchange Event, in the manner, with the effect and as of the effective time contemplated in the Indenture.

More Definitions of Automatic Exchange

Automatic Exchange means the automatic exchange of the Trust Notes for the right to receive Exchange Preferred Shares, Series 2019-A upon the occurrence of an Automatic Exchange Event.

Automatic Exchange means the systematic communication of predefined information to another Member State, without prior request, at pre-established regular intervals. In the context of Article 8, available information refers to information in the tax files of the Member State communicating the information, which is retrievable in accordance with the procedures for gathering and processing information in that Member State;

Automatic Exchange means the systematic communication of predefined information to another Member State, without prior request, at pre-established regular intervals;

Automatic Exchange means an exchange of the Outstanding Face Amount of this Security for cash, Stock or other property, as provided in section 7.

Automatic Exchange. 2.6(e) “Automatic Exchange Date” 2.6(e)

Automatic Exchange means an exchange of the Outstanding Face Amount of this Security for cash as provided in Section 6.

Automatic Exchange means an exchange of all of the Series A Preferred Stock for Delphi Series AA Preferred Stock, on a one share for one share basis, in accordance with the terms, conditions, and procedures specified in Section 6.5 hereof.