When issued Clause Samples

The "When issued" clause defines the timing and conditions under which a document, instrument, or security becomes effective or is considered officially issued. In practice, this clause specifies that certain rights, obligations, or transactions will only take effect once the relevant item has been formally issued, such as shares being allotted to an investor or a contract being executed. Its core function is to provide clarity on when legal or financial responsibilities commence, thereby preventing disputes about the effective date of issuance.
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When issued. Upon receipt of a complete application, the department or contracting county shall issue a permit to the landowner or landowner’s agent except as provided in rule 38.12(455B).
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When issued. (1) The City, at its discretion, may issue or cause to be issued TIF Bonds at any time, including prior to completion of any of the Work. Such TIF Bonds may be issued in an amount sufficient to refund all or, with the Developer’s prior written consent, a portion of the outstanding TIF Notes or to fund any portion of the Work. If TIF Bonds are issued before the receipt of Certificates of Substantial Completion for both the North Phase and the South Phase (either to refund previously issued TIF Notes or in lieu of TIF Notes), the City and the Developer must enter into a mutually-agreeable Bond Financing Agreement, setting forth the terms upon which the Bond Proceeds will be made available to the Developer to fund portions of the Work and/or reimburse the Developer for previously-incurred Reimbursable Redevelopment Project Costs. (2) Notwithstanding anything to the contrary contained herein, after the acceptance of the Certificates of Substantial Completion, the City will use its best efforts to issue or cause to be issued TIF Bonds in an amount sufficient to refund all or, with the Developer’s prior written consent, a portion of the outstanding TIF Notes, provided that the market conditions are such that the payment terms of the TIF Bonds are sufficiently favorable that a reasonably prudent financial officer or agent of a similarly situated political subdivision would undertake such a refunding or refinancing of the TIF Notes. (3) Alternatively, the Developer may, with the City’s consent, request the ▇▇▇ to issue TIF Bonds in an amount sufficient to refund all or a portion of the outstanding TIF Notes. (4) The Developer may, from time to time, make a written request of the City for the issuance of the TIF Bonds, provided that the City shall have no obligation to issue the TIF Bonds except in accordance with this Section. (5) Notwithstanding the foregoing, no TIF Bonds shall be issued by the City or the ▇▇▇ until such time as: (A) the City has received the consents required pursuant to Section 6.1(c), if any; and (B) the City has received such other certificates, statements, receipts and documents as may be reasonably required by the underwriter or other purchaser in connection with its purchase of the TIF Bonds or by Bond Counsel to deliver its opinion to the effect that the TIF Bonds constitute valid and legally binding special, limited obligations of the City.
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When issued. Upon receipt of a complete application, the department shall issue a permit to the landowner or landowner’s agent except as provided in rules 38.7(455B), 38.12(455B) and 38.15(455B).
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When issued. The City may, in its sole discretion, issue TIF Bonds or request the ▇▇▇ to issue TIF Bonds to refund the TIF Notes at any time after the calculation and reports required by Section
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Related to When issued

  • SECURITIES IN FOREIGN CURRENCIES Section 14.1. Applicability of Article.................................................. 82

  • Open Issues (a) Notwithstanding any provision of the Registry Agreement to the contrary (including Sections 7.6 and 7.7 thereof), Registry Operator agrees that the following requirements, procedures and provisions of the Registry Agreement (including the documents incorporated by reference therein) may be modified and amended by ICANN after the date hereof, without the consent of Registry Operator: i. Specification 6 – Registry Interoperability and Continuity Specifications; ii. Trademark Clearinghouse Requirements (§ 1 of Specification 7 of the Registry Agreement); iii. Trademark Post-­‐Delegation Dispute Resolution Procedure (§ 2.a of Specification 7 of the Registry Agreement);

  • Securities in Global Form If Securities of a series are issuable in global form, as specified as contemplated by Section 2.03(b), then, notwithstanding clause (10) of Section 2.03(b) and the provisions of Section 2.05, any such Security in global form shall represent such of the Securities of such series Outstanding as shall be specified therein, and any such Security in global form may provide that it shall represent the aggregate amount of Securities Outstanding from time to time endorsed thereon and that the aggregate amount of Securities Outstanding represented thereby may from time to time be reduced to reflect any exchanges of beneficial interests in such Security in global form for Securities of such series as contemplated herein. Any endorsement of a Security in global form to reflect the amount, or any decrease in the amount, of Securities Outstanding represented thereby shall be made by the Trustee or the Security Registrar in such manner and upon instructions given by such person or persons as shall be specified in such Security in global form or in the Company Order to be delivered to the Trustee pursuant to Section 2.06 or Section 2.08. Subject to the provisions of Section 2.06 and, if applicable, Section 2.08, the Trustee or the Security Registrar shall deliver and redeliver any Security in permanent global form in the manner and upon instructions given by the person or persons specified in such Security in global form or in the applicable Company Order. If a Company Order pursuant to Section 2.06 or Section 2.08 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not be represented by a Company Order and need not be accompanied by an Opinion of Counsel. The provisions of the last sentence of Section 2.06 shall apply to any Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee or the Security Registrar the Security in global form together with written instructions (which need not be represented by a Company Order and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 2.06. Notwithstanding the provisions of Section 2.05, unless otherwise specified as contemplated by Section 2.03(b), payment of principal of and any premium and interest on any Security in permanent global form shall be made to the persons or persons specified therein.

  • Securities in a Foreign Currency Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.02 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than Dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this Section 10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York. If such Market Exchange Rate is not available for any reason with respect to such currency, the Company shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in The City of New York or in the country of issue of the currency in question or such other quotations as the Company, shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. All decisions and determinations of the Company regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders. The Trustee shall have no duty to calculate or verify the calculations made pursuant to this Section 10.15.

  • Other Issues Upon any issuance by the Company of shares of Common Stock on or after the Initial Issue Date (other than issuances of stock requiring adjustments hereunder pursuant to the immediately preceding subsections (a) and (b) of this Section 6) for a consideration lower than the Market Price per share of stock in effect immediately prior to such issuance, the Purchase Price then in effect shall be reduced to equal the following amount: [(D x E) + F] G x ------------- C x E where C equals the number of shares of Common Stock to be outstanding immediately after such additional issuance, D equals the number of shares of Common Stock outstanding immediately prior to the issue of such additional Common Stock, E equals the Market Price per share of stock in effect immediately prior to the issue of such additional Common Stock, F equals the aggregate consideration (before deducting underwriting discounts, commissions, and other expenses) received or to be received by the Company in connection with the issuance of such additional Common Stock, and G equals the Purchase Price which would have been in effect immediately prior to such issuance had all previous adjustments (if any) under this subsection (c) been made pursuant to the foregoing formula. Upon any such reduction in the Purchase Price, the number of Warrant Shares purchasable upon the exercise of this Warrant shall be correspondingly increased. The provisions of this subsection (c) shall not be applicable to any issuance of Common Stock upon actual exercise or actual conversion of any option, warrant, right, or other security convertible into or exercisable for Common Stock if the Purchase Price was fully and properly adjusted pursuant to the immediately following subsection (d) at the time such option, warrant, right, or other security was issued.