Class C Securities definition
Examples of Class C Securities in a sentence
So long as the Class C Securities Depositary shall have been appointed and is serving with respect to the Class C Preferred Units, payments and communications made by the Partnership to Class C Preferred Holders shall be made by making payments to, and communicating with, the Class C Securities Depositary.
So long as the Class C Preferred Units to be redeemed are held of record by the nominee of the Class C Securities Depositary, the Class C Redemption Price, plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the applicable Class C Redemption Date shall be paid by the Paying Agent to the Class C Securities Depositary on the Class C Redemption Date.
The Class C Securities and the Class D Certificates have not been registered under the Securities Act or any state or foreign securities laws, and shall bear legends appropriately limiting their transfer in accordance herewith and applicable securities laws.
The respective Certificates of Designations for the Class B Securities and the Class C Securities have been duly filed with the Secretary of State of the State of Texas.
As provided in the Agreement and the Series 2001-2 Supplement and subject to certain limitations therein set forth, Class C Securities are exchangeable for new Class C Securities in authorized denominations of like aggregate undivided interests in the Trust as requested by the Class C Holder surrendering such Class C Securities.
This Security is one of a series of Securities entitled "Fingerhut Master Trust Variable Funding Asset Backed Securities, Series 1998-3, Class C" (the "Class C Securities"), each of which represents a fractional undivided interest in the Trust, and is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement, as amended from time to time, the Securityholder by virtue of the acceptance hereof assents and by which the Securityholder is bound.
The representations and warranties in subsection (B) of this section are hereby qualified and limited as follows: Although the Company and the Bank do not believe that this constitutes a default under the Securities Purchase Agreement between the Company and Treasury dated December 19, 2008 or the respective Certificates of Designations for the Class B Securities and the Class C Securities, we call to your attention that the Company has not paid dividends on the Securities since the fourth quarter of 2010.
In addition, classes of the Series 2001-2 Certificates entitled "Class A Floating Rate Asset Backed Certificates, Series 2001-2" (the "Class A Certificates"), "Class C -------------------- Floating Rate Securities, Series 2001-2" (the "Class C Securities") and "Class D ------------------ Asset Backed Certificates, Series 2001-2" (the "Class D Certificates") will be -------------------- issued.
The transfer of this Class C Security shall be registered in the Certificate Register upon surrender of this Class C Security for registration of transfer at any office or agency maintained by the Transfer Agent and Registrar, and thereupon one or more new Class C Securities in authorized denominations representing like aggregate undivided interests in the Trust will be issued to the designated transferee or transferees.
During the Noncompetition Period, the Seller shall not, on behalf of any entity other than the Buyer or an Affiliate of the Buyer, hire or retain, or attempt to hire or retain, in any capacity any Person who is, or was at any time during the preceding twelve (12) months, an employee or officer of the Buyer or an Affiliate of the Buyer.