Equity Contract definition

Equity Contract means any transaction or instrument that does not convey to Dealer rights, or the ability to assert claims, that are senior to the rights and claims of common stockholders in the event of Counterparty’s bankruptcy.

Equity Contract means any transaction or instrument that does not convey to Dealer rights, or the ability to assert claims, that are senior to the rights and claims of common stockholders in the event of Counterparty’s bankruptcy and would be classified as equity according to generally accepted accounting principles in the United States.

Equity Contract means for purposes of this Section 6(f) any Transaction relating to Shares between X and Y (or any Affiliate of Y) that qualifies as ‘equity’ under applicable accounting rules.Amounts (or the relevant portion of such amounts) subject to set-off may be converted by Y into the Termination Currency at the rate of exchange at which such party would be able, acting in a reasonable manner and in good faith, to purchase the relevant amount of such currency.If any obligation is unascertained, Y may in good faith estimate that obligation and set-off in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained.Nothing in this Section 6(f) shall be effective to create a charge or other security interest. This Section 6(f) shall be without prejudice and in addition to any right of set-off, combination of accounts, lien or other right to which any party is at any time otherwise entitled (whether by operation of law, contract or otherwise).”

Examples of Equity Contract in a sentence

• Den pågældende Pantsætningsaftale indgås til fordel for Udsteder, hvorefter Equity Contract Counterparty pantsætter sikkerheden i den pågældende sikkerhedskonto til Udsteder som sikkerhed for Equity Contract Counterpartys forpligtelser over for Udsteder i henhold til Equity Contracts i samme gruppe (baseret på denomineringen).

• The relevant Pledge Agreement is made in favour of the Issuer pursuant to whichthe Equity Contract Counterparty pledges the collateral in the relevant collateral account to the Issuer as security for the Equity Contract Counterparty’s obligations to the Issuer under Equity Contracts of the same group (based on denomination).

• Equity Contract Counterparty stiller sikkerhed for sine forpligtelser over for Udsteder i henhold til Equity Contracts og deponeres på én af tre depotkonti (hver en “Sikkerhedskonto” og sammen benævnt “Sikkerhedskonti”) i Equity Contract Counterpartys navn i The Bank of New York Mellon (Luxembourg) S.A. (“ Collateral Custodian”) i henhold til vilkårene i en collateral custodian agreement mellem bl.a. Udsteder og Collateral Custodian (“Collateral Custodian Agreement”).

• The Collateral Custodian Agreement er aftalen vedrørende de ovenfor beskrevne Pantsætningsaftaler (iii), hvorefter den sikkerhed, der gives af Equity Contract Counterparty deponeres på depotkonti i Equity Contract Counterpartys navn i The Bank of New York Mellon (Luxembourg) S.A.

• The Collateral Custodian Agreement is the agreement relating to the Pledge Agreements described in (iii) above, under which the collateral provided by the Equity Contract Counterparty is held in custody accounts in the name of the Equity Contact Counterparty at The Bank of New York Mellon (Luxembourg) S.A.

More Definitions of Equity Contract

Equity Contract means any agreement accounted for by Counterparty as equity under generally accepted accounting principles in the United States.

Equity Contract means for purposes of this provision any transaction relating to Shares between X and Y that qualifies as ‘equity’ under applicable accounting rules.

Equity Contract means any transaction or instrument that does not convey to GS&Co. rights, or the ability to assert claims, that are senior to the rights and claims of common stockholders in the event of Counterparty’s bankruptcy.

Equity Contract means for purposes of this Section 6(f) any Transaction relating to Shares sold pursuant to the Distribution Agreement. If any obligation is unascertained, Y may in good faith estimate that obligation and set-off in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained. Nothing in this Section 6(f) shall be effective to create a charge or other security interest. This Section 6(f) shall be without prejudice and in addition to any right of set-off, combination of accounts, lien or other right to which any party is at any time otherwise entitled (whether by operation of law, contract or otherwise).”

Equity Contract means any transaction or instrument that does not convey rights to GS&Co. senior to claims of common stockholders in the event of Counterparty’s bankruptcy.

Equity Contract means a contract which is valued on the basis of the value of underlying equities or equity indices and includes related derivative contracts.

Equity Contract means for purposes of this Section 6(f) any Transaction relating to Shares sold pursuant to the Distribution Agreement.