Corresponding Securities definition

Corresponding Securities has the meaning set forth in Section 6.2(a) to this Agreement.
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Corresponding Securities means the stock, options, warrants, debt, or other security (or combination thereof) of another corporation or partnership which has been designated by the Administrator and selected by a Participant as the measuring standard for determining the Redemption Value of such Corresponding Securities.
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Corresponding Securities is defined in the Ordinance.
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Examples of Corresponding Securities in a sentence

  • The Company makes no representation expressed or implied as to the application and effect of applicable tax laws or welfare benefits relating to Corresponding Securities, salary, bonuses, redemptions or payments.

  • In the case of Corresponding Securities representing a mix denominated as both equity and debt, the Corresponding Securities shall be treated as debt pursuant to subsection (ii) of this Section 2(n), unless, whether by an optional or mandatory event, the debt portion of such Corresponding Securities has been extinguished, such that only an equity portion of the Corresponding Securities remains, in which case subsection (i) of this Section 2(n) shall apply.

  • If the Hedging Entity or an Affiliated Entity obtained Underlying Securities before the event giving rise to the Salary Election or Bonus Election, and holds such Underlying Securities at the date of the designation, and if the Administrator determines to allow the designation of Corresponding Securities under the terms of this Plan, the original stated cost for those Underlying Securities shall be the initial stated acquisition price for the Corresponding Securities.

  • The vast forests in town and the surrounding areas are strength for the wood industry, and those same forests provide for numerous recreational business opportunities.

  • The initial Corresponding Securities shall be the same mix of equity or debt as the Underlying Securities actually purchased in conjunction with the investment transaction by the Hedging Entity, and/or if applicable the Affiliated Entity.

  • The Company's contingent promise to pay the Redemption Value of any Corresponding Securities in an Account shall be a contractual obligation that is not evidenced by notes or secured in any way.

  • Notwithstanding any provision contained in Section 15.11 of the Ordinance to the contrary, the Company hereby agrees not to request the Trustee to release to the Company or to the First Mortgage Bond Trustee any amount of the First Mortgage Bonds (or Corresponding Securities, as the case may be) and not to accept any amount of the First Mortgage Bonds (or Corresponding Securities, as the case may be) so released, without the prior written consent of the Bank.

  • If Underlying Securities that are convertible debt are converted (whether optional or mandatory) into equity by the Hedging Entity, or if applicable the Affiliated Entity, before the expiration of the time limit imposed by sub-section (ii)(a) of this Section 2(n), then subsection (ii)(b) of this Section 2(n) shall not be applicable, and the related Corresponding Securities shall be treated pursuant to subsection (i) of this Section 2(n).

  • In the discretion of the Administrator, Corresponding Securities may be designated where no investment in the Underlying Securities is made by the Hedging Entity.

  • A Participant whose Corresponding Securities are redeemed by reason of occurrence of the Expiration Date shall receive only the Redemption Value; such Participant shall no longer be treated as a Participant with respect to such Corresponding Securities, and no future payments shall be made, nor shall any right exist to any future payments, including but not limited to Dividend Equivalents, Interest Equivalents, or Earn-out Payments relating to such redeemed Corresponding Securities.

Related to Corresponding Securities

  • Existing Securities means, collectively, the Equity Securities and the Debt Securities.

  • Outstanding Securities with respect to any Income PRIDES or Growth PRIDES, means, as of the date of determination, all Income PRIDES or Growth PRIDES evidenced by Certificates theretofore authenticated, executed and delivered under this Agreement, except:

  • Closing Securities shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.

  • Outstanding Voting Securities of any Person means the outstanding securities of such Person entitling the holders thereof to vote generally in the election of directors of such Person.

  • Qualifying Securities means securities issued by the Issuer that:

  • APM Qualifying Securities means, with respect to an Alternative Payment Mechanism, any Debt Exchangeable for Preferred Equity or any Mandatory Trigger Provision, one or more of the following (as designated in the transaction documents for any Qualifying Capital Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision or for any Debt Exchangeable for Preferred Equity, as applicable):

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • Outstanding Company Voting Securities means outstanding voting securities of the Company entitled to vote generally in the election of directors; and any specified percentage or portion of the Outstanding Company Voting Securities (or of other voting stock or voting securities) shall be determined based on the relative combined voting power of such securities;

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • Existing Secured Notes means the 5.750% Senior Secured Notes due 2021 issued by the Issuer and the Existing Secured Notes Issuer.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Series or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof.

  • Outstanding Shares means Shares shown in the books of the Trust or its transfer agent as then issued and outstanding, but does not include Shares which have been repurchased or redeemed by the Trust and which are held in the treasury of the Trust.

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • non-voting security means a restricted security that does not carry the right to vote generally, except for a right to vote that is mandated, in special circumstances, by law;

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • restricted voting security means a restricted security that carries a right to vote subject to a restriction on the number or percentage of securities that may be voted or owned by one or more persons or companies, unless the restriction is

  • Exchangeable Certificates The Class A-S, Class B, Class C and Class PEX Certificates.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Aggregate Voting Interests The aggregate of the Voting Interests of all the Certificates under this Agreement.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.