Equivalent Investments definition

Equivalent Investments. Investments or securities are “equivalent” to other Investments or securities if they are of the same issuer, and “Equivalent Securities” part of the same issue and of an identical type, nominal value, description and amount and have the same rights as those other Investments or securities: PROVIDED THAT, where any Investment or securities are subject to any Corporate Action, Xxxxxx Xxxxxxx may reasonably determine what Investments, securities or other assets (which may consist of or include money or other property) are to be treated as “equivalent” for this purpose; and the expressions “Equivalent Investment” and “Equivalent Securities” are to be construed accordingly
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Equivalent Investments means at any time:
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Equivalent Investments means an amount calculated as follows: Where: A is the Cash and Cash Equivalent Investments in the relevant Non-Wholly Owned Entity which is freely and unconditionally available for distribution to the shareholders of the applicable entity; B is the number of shares in the Non-Wholly Owned Entity held by a member of the Group as at each date this calculation is made; and C is the total number of issued shares in the Non-Wholly Owned Entity as at each date this calculation is made.
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Examples of Equivalent Investments in a sentence

  • The Borrower undertakes that the Debt Service Cover Ratio shall be at all times higher than 1.4. The Borrower undertakes that, at the end of each calendar month, the aggregate amount of Cash and Cash Equivalent Investments held by the Borrower shall not be less than one hundred fifty million Czech Crowns (CZK 150,000,000) (or its equivalent in any other currency).

  • The relevant Xxxxxx Xxxxxxx Company or MSI plc on behalf of such Xxxxxx Xxxxxxx Company may deliver, or procure the delivery of, Equivalent Investments to the Client under paragraph I.1. by causing such Investments to be transferred, appropriated or designated to the Account in which such Investments were held prior to such use or, if not possible to do so, or if an Event of Default has occurred, to such other Account or Accounts subject to the Security as it shall determine.

  • The Client agrees that if Xxxxxx Xxxxxxx re-transfers or re-delivers Investments to the Client, these do not need to be the identical Investments originally deposited, charged or transferred, to Xxxxxx Xxxxxxx, and the Client will accept Equivalent Investments.


More Definitions of Equivalent Investments

Equivalent Investments means: 1. direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the government of Canada or the United States of America (or by any agency thereof to the extent such obligations are backed by the credit of Canada or the United States of America, as the case may be), in each case maturing within one year of the date such Investment is made; 2. marketable general obligations issued by any state of the United States of America or any Province or territory of Canada or any political subdivision of any such state, Province or territory or any public instrumentality thereof maturing within one year of the date such Investment is made and, at the time of such Investment, having a credit rating of A-1 from S&P or its equivalent from Xxxxx'x or its equivalent from DBRS; 3. investments in Canadian certificates of deposit, banker's acceptance and time deposits maturing within twelve (12) months of the date such Investment is made, issued, 104822.00280/115572577.6305585250.30
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Related to Equivalent Investments

  • Cash Equivalent Investments means at any time:

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Equivalent Securities with respect to a Transaction, Securities equivalent to Purchased Securities under that Transaction. If and to the extent that such Purchased Securities have been redeemed, the expression shall mean a sum of money equivalent to the proceeds of the redemption;

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • Alternative Investments means investments in the said State which are within the ability and competence of the Company or of corporations which are related to the Company for the purposes of the Companies (Western Australia) Code and which are approved by the Minister from time to time as alternative investments for the purpose of this Agreement (which approval shall not be unreasonably withheld in the case of an investment which would add value or facilitate the addition of value, beyond mining, to the mineral resources of the said State);”;

  • Equivalent Shares means Preferred Shares and any other class or series of capital stock of the Company which is entitled to the same rights, privileges and preferences as the Preferred Shares.

  • Eligible Investments mean book-entry securities, negotiable instruments or securities represented by instruments in bearer or registered form which evidence:

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.