Covering Transaction definition

Covering Transaction is a transaction in which identical securities, i.e. securities of the same issuer, issue, class and number of shares, as were previously sold short by Customer, are purchased for Customer’s account by CSSU, or in which Customer delivers to CSSU securities identical to securities that were previously sold short by Customer.
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Examples of Covering Transaction in a sentence

  • In case such incorrect and/or unpunctual supply of the Covering Transaction is caused by Force Majeure, Cipher IV.

  • The delivery is subject to the correct and/or punctual supply of required materials to HZO (Covering Transaction).

  • In case of incorrect and/or unpunctual supply of the Covering Transaction, TRIMET shall be entitled to suspend performance of its delivery obligations or in case such incorrect and/or unpunctual supply of the Covering Transaction is delayed by a period of 90 consecutive days or more, counting from the day of Notice to the Ordering Party, to rescind the agreement.

  • The delivery is subject to the correct and/or punctual supply of required materials to TRIMET (Covering Transaction).

  • In case of incorrect and/or unpunctual supply of the Covering Transaction, HZO shall be entitled to suspend performance of its delivery obligations or in case such incorrect and/or unpunctual supply of the Covering Transaction is delayed by a period of 90 consecutive days or more, counting from the day of Notice to the Ordering Party, to rescind the agreement.

Related to Covering Transaction

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity, including any secured or unsecured financing, any securitization transaction, or any securities offering which either is registered or exempt from registration under federal and state securities law.

  • Recurring Transaction means a regular payment collected from your Card by an originator, in line with your instruction.