Bundled Securities definition
Examples of Bundled Securities in a sentence
Except as expressly provided otherwise in the Exchange Agreement, the Company shall comply with the terms of Section 8 in connection with the Company's repurchase of Bundled Securities pursuant to the Exchange Agreement.
If as a result of the operation of clauses (a) or (b) above any Bundled Securities specified in a Put Notice may not be purchased for cash by the Company, then the Put Notice with respect to such Bundled Securities shall be deemed to be rescinded, subject to the right of the holders of such Bundled Securities to deliver another Put Notice or Put Notices with respect to such Bundled Securities.
Each holder of Bundled Securities electing to participate in a sale pursuant to this Section 5 shall deliver to the Company by wire transfer in immediately available funds on the Additional Sale Closing Date the aggregate consideration (as set forth in Section 5.3(b)) for the Additional Issuable Units Number of Issuable Units to be purchased by such holder.
SECURITY HOLDER -- means, at any time, a holder (other than the Company or any Affiliate or Subsidiary) of the Bundled Securities at such time (excluding any Bundled Securities held directly or indirectly by the Company or any Affiliate or Subsidiary).
The Company shall be obligated to purchase any or all of such holder's Bundled Securities as specified in such holder's Put Notice, and shall pay the Put Option Purchase Price payable to such holder in cash in immediately available funds, on the Put Repurchase Date, against delivery by such holder of any and all certificates or other instruments evidencing such Bundled Securities, together with appropriate instruments of transfer or assignment, if any, duly endorsed in blank.
These securities will be sold together as a bundle and will be referred to herein as the “Bundled Securities.” Each of the Bundled Securities consists of one ADS and a four-year Warrant to purchase 35% of an ADS at an exercise price of $6.04 per ADS or $3.02 per Share.
The Bundled Securities will be purchased in minimum increments of ten (10) ADSs (such that each Warrant shall initially be exercisable to purchase up to seven (7) Shares for every ten (10) ADSs purchased).
The provisions of Section 1 and Section 2 of this Agreement shall terminate immediately with respect to Bundled Securities sold (but the provisions of Section 1 and Section 2 of this Agreement shall remain in force with respect to any remaining Bundled Securities not so sold) in any sale pursuant to Section 3.1 of this Agreement.
In the event that any holder of Bundled Securities shall disagree with the Company's calculation of the number of Class A Units and Class B Units to be purchased and the Internal Rate of Return, such holder may, within 15 days of its receipt of the Company's notice and calculation deliver a notice to the Company objecting to such calculation.
At any time during which any CIGNA Affiliate shall hold any Bundled Securities, CIGNA Investments shall have the right to have its designated representative attend (or, in the case of a telephonic meeting, to listen by telephone to) any meeting of the Board of Managers.