Stapled Securities Sample Clauses
The 'Stapled Securities' clause defines the arrangement where two or more different securities, such as shares and units in a trust, are contractually bound together so they can only be bought or sold as a single combined unit. In practice, this means that investors cannot transfer or deal with one security without simultaneously dealing with the other(s), and all rights and obligations attached to each security apply collectively. This clause ensures that the economic interests of the linked entities remain aligned and prevents the separation of assets or interests that are intended to function together, thereby maintaining the integrity of the investment structure.
POPULAR SAMPLE Copied 2 times
Stapled Securities. (a) Prior to a Separation Event (as hereinafter defined) with respect to any Stapled Securities, such Stapled Securities will be deemed, for purposes of the adjustments contemplated hereby, to comprise part of the shares of Common Stock to which such Stapled Securities appertain, and as a result, distributions in respect of such Stapled Securities will be deemed, for such purposes, to be distributions in respect of such shares.
(b) If the Holder converts this Note (or any portion of the principal amount hereof) after a Separation Event with respect to any Stapled Securities, it shall be entitled to receive upon such conversion, in addition to the shares of Common Stock issuable upon such conversion, the same rights to which the Holder would have been entitled under the Stapled Securities that would have appertained to such shares of Common Stock if the Holder had effected such conversion before such Separation Event.
Stapled Securities. Stapled Securities issued in global form will be substantially in the form of Exhibit F-1 hereto (including the Global Stapled Security Legend thereon and the schedules attached thereto). Stapled Securities to which Restricted Securities are attached shall be issued in certificated form and shall include the Restricted Security Legend (excluding the last paragraph thereof) thereon. Stapled Securities issued in certificated form will be substantially in the form of Exhibit F-2 hereto. Each Global Stapled Security will represent such of the outstanding Stapled Securities as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding Notes and Common Shares from time to time endorsed thereon or attached thereto and that the aggregate principal amount of outstanding Notes and Common Shares represented thereby may from time to time be reduced or increased, as appropriate, to reflect the payment of PIK Interest, exchanges and redemptions, repurchases of Notes, transfers of Notes and conversions, share splits, dividends and reclassifications and as otherwise provided therein. Any endorsement of a Global Stapled Security to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes or Common Shares represented thereby will be made by the Security Registrar or the Security Custodian, at the direction of the Company, with corresponding endorsements to be made in respect of the related Global Note and global Common Share certificate. Each Stapled Security issued in certificated form will represent such of the outstanding Stapled Securities as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding Notes and Common Shares from time to time endorsed thereon or attached thereto, and that the aggregate principal amount of outstanding Notes and Common Shares represented thereby may from time to time be reduced or increased, as appropriate, to reflect the payment of PIK Interest, exchanges and redemptions, repurchases of Notes, transfers of Notes and conversions, share splits, dividends and reclassifications and otherwise as provided therein. To reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes or Common Shares represented by a Stapled Security in certificated form, the Security Registrar or the Security Custodian, at the direction of the Company, shall reflect the amou...
Stapled Securities. The term "
Stapled Securities. (a) Simultaneously with any retraction at the option of a holder of RSC Class 1 Shares for shares of Common Stock, whether as contemplated by Section 1.3 or otherwise, the Company shall repurchase from the Trustee (as hereinafter defined), pursuant to the relevant Exchange and Trust Agreement, among the Company, RSC and The Montreal Trust Company, as trustee (the "Trustee"), an amount of shares of Class A Common Stock equal to the amount of RSC Class 1 Shares so retracted and at a repurchase price of Cdn. $0.00001 per share of Class A Common Stock.
(b) Simultaneously with any conversion at the option of a holder of Class C Common Stock into Common Stock, whether as contemplated by Section 1.4 or otherwise, the Company shall cause AAUK to mandatorily redeem at par (2 ▇▇▇▇▇ per share) each Dividend Share associated with a share of Class C Common Stock so converted.
(c) Immediately following the purchase of Shares pursuant to the Offer and in any event prior to the Effective Time, the Company shall (i) take such actions as Parent may reasonably request to cause all of the RSC Class 1 Shares then outstanding to be redeemed or retracted for shares of Common Stock (on a share-for-share basis), pursuant to Section 4 or 5 of the Restated Certificate of Incorporation of RSC (which shares of Common Stock the Company shall then issue) (ii) repurchase from the Trustee, pursuant to the Trust Agreement, an amount of shares of Class A Common Stock equal to the amount of RSC Class 1 Shares redeemed or retracted in accordance with the preceding clause (i) and at a repurchase price of Cdn. $0.00001 per share of Class A Common Stock, (iii) take such actions as Parent may reasonably request to cause all of the shares of Class C Common Stock then outstanding to be converted into an identical amount of shares of Common Stock, pursuant to subsection E, F or G of Article SIXTH of the Charter of the Company (which shares of Common Stock the Company shall then issue) and (iv) cause AAUK to mandatorily redeem at par (2 ▇▇▇▇▇ per share) each Dividend Share related to a share of Class C Common Stock so converted.
Stapled Securities. Stapled Securities issued in global form will be substantially in the form of Exhibit F-1 hereto (including the Global Stapled Security Legend thereon and the schedules attached thereto). Stapled Securities to which Restricted Securities are attached shall be issued in certificated form and shall include the Restricted Security Legend (excluding the last paragraph thereof)