Alesco definition
Examples of Alesco in a sentence
On November 16, 2010, the Company entered into Exchange Agreements dated November 11, 2010 (together with all other agreements entered into in connection therewith, the “Trust Preferred Securities Exchange Agreements”) with ▇▇▇▇▇ & Company Financial Management, LLC, ATP Management LLC and each of Alesco Preferred Funding X, Ltd., Alesco Preferred Funding VI, Ltd., Alesco Preferred Funding XI, Ltd.
In addition, Member shall have the right to terminate this Agreement if the Merger Agreement is amended to decrease the C&C Class C Stock Merger Consideration, the C&C Class A/B Stock Merger Consideration or the C&C Class A/B Unit Merger Consideration, provided, that the Member sends notice to Alesco of the Member’s election to terminate within seven days after public announcement of any such amendment, in which case this Agreement shall terminate on the date Alesco receives such notice.
Cascade Bancorp, ▇▇▇▇▇ & Company Securities, LLC (“CCS”) and Predecessor Collateral Manager executed that certain letter agreement dated October 23, 2009, pursuant to which the collateralized debt obligations (the “Alesco CDOs”) identified on Exhibit B, attached hereto, agreed to exchange trust preferred securities held by the Alesco CDOs for mandatory redeemable senior promissory notes to and in favor of the Alesco CDO that was exchanging the applicable trust preferred security (the “Letter Agreement”).
The Member agrees, while this Agreement is in effect, to notify Alesco promptly in writing of the number of any additional Voting Securities acquired by the Member, if any, after the date hereof.
The parties agree that in the event that the Member fails to perform any of its obligations under this Agreement in accordance with their specific terms, Alesco may not have an adequate remedy at law.
Nothing contained in this Agreement shall be deemed to vest in Alesco any direct or indirect ownership or incident of ownership of or with respect to any Total Voting Securities.
All rights, ownership and economic benefits of and relating to the Total Voting Securities shall remain vested in and belong to the Member and this agreement shall not vest in Alesco any authority to manage, direct, superintend, restrict, regulate, govern or administer any of the policies or operations of ▇▇▇▇▇ or any power or authority to direct the Member in the voting of any of such Total Voting Securities, except as otherwise provided herein.
This Agreement has been duly executed and delivered by the Member and, assuming this Agreement constitutes a valid and binding obligation of Alesco, constitutes a valid and binding obligation of the Member, enforceable in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and general equitable principles).
This Agreement shall terminate upon the earliest to occur of (i) the date and time at which, in the ▇▇▇▇▇ Members’ Meeting or any other meeting of the members of ▇▇▇▇▇, a vote is taken regarding the adoption of the Merger Agreement and a quorum is present, (ii) the date and time of termination of the Merger Agreement in accordance with its terms, (iii) the written agreement of Member and Alesco to terminate the Agreement.
England Alesco Risk Management Services, Ltd.(7) England ▇▇▇▇▇▇ ▇.