Applicable Series definition

Applicable Series means, with respect to any date of determination, a Series with an Investor Interest of greater than zero;

Applicable Series shall have the meaning set forth in Section 3.6(c)(i) hereof.

Applicable Series shall have the meaning assigned to such term in the definition of “Revolving Credit Termination Date”.

Examples of Applicable Series in a sentence

• If a Subscriber makes additional investments in the Applicable Series of the Fund, the Subscriber will be deemed to have repeated to the Fund and the Manager, the representations and warranties contained in this Subscription Agreement.

• In general, a designated beneficiary is a Unitholder that is (i) a non-resident of Canada, (ii) a non-resident-owned investment corporation, (iii) a Unitholder exempt from tax under Part I of the Tax Act where the Unitholder’s units of the Applicable Series of the Fund (the “Units”) were acquired other than from the Fund, or (iv) a trust or partnership, subject to certain exceptions.

• For each of the calendar months from February 2022 to May 2023, a Series B Holder who owns more than 750 shares of Series B Preferred Stock shall not have the right, whether by election, operation of law, or otherwise, to convert into Common Stock shares of Series B Preferred Stock constituting more than three percent (3%) (rounded down to the nearest whole share) of the total number of such Series B Holder’s Applicable Series B Shares.

• By way of example and not limitation, if the Applicable Series B Shares for such Series B Holder was 1,000 Applicable Series B Shares, such Series B Holder would be entitled to convert 30 shares of Series B Preferred Stock into shares of Common Stock in each calendar month from February 2022 to May 2023.

• By way of example and not limitation, if the Applicable Series B Shares for a Series B Holder was 1,000 Applicable Series B Shares, such Series B Holder would be entitled to convert 50 shares of Series B Preferred Stock into shares of Common Stock in December 2021, and to convert 50 shares of Series B Preferred Stock into shares of Common Stock in January 2022.

More Definitions of Applicable Series

Applicable Series shall have the meaning as provided Section 3.6(b)(i).

Applicable Series means the Series [name] of the Trust, created pursuant to a Series Supplement dated as of the date hereof executed by the Agent and the Sponsor.

Applicable Series shall have the meaning assigned thereto in Section 3.8(b)(i).

Applicable Series means the Series of Notes to which the proposed amendments are relevant;

Applicable Series shall have the meaning assigned to such term in Section 3.7(b).

Applicable Series means, with respect to any date of determination, a series with an Investor Interest of greater than zero;

Applicable Series shall have the meaning set forth in Section 37(a) of the Agreement. “Appraisal” shall mean, with respect to any Mortgaged Property, an appraisal of such Mortgaged Property meeting the requirements of the representations and warranties set forth in paragraph (nn) on Schedule 1 hereto. “Appraised Value” shall mean the value set forth in an Appraisal made in connection with the origination of the related Mortgage Loan as the value of the underlying Mortgaged Property, and any updated Appraisal with respect thereto. “Approved CPA” shall mean Binder Dijker Xxxx (BDO) or any certified public accountant approved by Xxxxx in writing in its sole discretion. “Approved Originator” shall mean those lending institutions set forth on Schedule 6 hereto, and any other lending institutions approved in writing by Buyer in its sole discretion; provided that any previously Approved Originator will no longer be an Approved Originator upon written notice from Buyer.