a Security definition

a Security or "the Securities" refers to the Securities of the particular Series that is convertible into Common Stock. If more than one Series of Securities with conversion privileges are outstanding at any time, the provisions of this Article 10 shall be applied separately to each such Series.
a Security or "the Securities" refers to the Securities of each such Series so designated. The Company, for itself and its successors, and each Holder, by accepting Securities, agrees that the payment of the principal of, interest on or any other amounts due on the Securities are subordinated in right of payment, to the extent and in the manner stated in this Article 6, to the prior payment in full of all Senior Indebtedness of the Company. Each Holder by accepting Securities authorizes and directs the Trustee on behalf of such Holder to take such action as may be necessary or appropriate to effectuate, as between the holders of Senior Indebtedness of the Company and such Holder, the subordination provided in this Article 6 and appoints the Trustee attorney-in-fact for such Holder for such purpose. This Article 6 shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold, Senior Indebtedness of the Company, and such provisions are made for the benefit of the holders of Senior Indebtedness of the Company and such holders are made obligees hereunder and they and/or each of them may enforce such provisions.
a Security or "the Securities" refers to the Securities of each such Series so designated. The Guarantor, for itself and its successors, and each Holder, by accepting the Securities, agrees that the payment of the principal of, interest on and any other amounts due on the Securities pursuant to the Guarantee are subordinated in right of payment, to the extent and in the manner stated in this Article 7, to the prior payment in full of all Senior Indebtedness of the Guarantor. Each Holder by accepting Securities authorizes and directs the Trustee on behalf of such Holder to take such action as may be necessary or appropriate to effectuate, as between the holders of Senior Indebtedness of the Guarantor and such Holder, the subordination provided in this Article 7 and appoints the Trustee attorney-in-fact for such Holder for such purpose. This Article shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold, Senior Indebtedness of the Guarantor, and such provisions are made for the benefit of the holders of Senior Indebtedness of the Guarantor, and such holders are made obligees hereunder and they and/or each of them may enforce such provisions.

Examples of a Security in a sentence

  • Each Securityholder by accepting a Security waives and releases all such liability.

  • If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless be valid.

  • Each Holder by accepting a Security waives and releases all such liability.

  • Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered.

  • Such direction shall, if the Trustee is directed to sell a Security, identify the Security to be sold and include instructions as to the execution of such sale.


More Definitions of a Security

a Security or "the Securities" refers to the Securities of the particular series that is convertible into Capital Stock. Each reference in this Article to "Capital Stock" into which Securities of any series are convertible refers to the class of Capital Stock into which the Securities of such series are convertible in accordance with their terms (as specified as contemplated by Section 2.03). If more than one series of Securities with conversion privileges are outstanding at any time, the provisions of this Article 13 shall be applied separately to each such series.
a Security means, as the context requires, a Class A-2 Note, a Class B Note, a Redraw Bond or all of the foregoing.
a Security means any type of equity or debt instrument (such as common and preferred stocks, and corporate and government bonds or notes) and any instrument representing, or any rights relating to, a Security (such as certificates of participation, depository receipts, put and call options, warrants, convertible Securities and Securities indices), EXCEPT that SECURITY for purpose of the Code does not include:
a Security or "the Debt Securities" refers to the Debt Securities of the particular series that is convertible into Common Shares. It more than one series of Debt Securities with conversion privileges are outstanding at any time, the provisions of this Article Sixteen shall be applied separately to each such series.
a Security means, as the context requires, a Class A-2 Note, a Class B Note, a Redraw Bond or all or any of the foregoing.
a Security means the date specified for that purpose pursuant to Section 3.1 or as specified in Section 3.8.
a Security means the Principal Amount as set forth on the face of the Security.