Exchange Notice Period means the period from and including the first calendar day of the month of February to and including 12 noon in The City of New York on the fifteenth calendar day during the month of February in the years 2005, 2006, 2007 and 2008. If the fifteenth calendar day of the applicable month of February is not a Business Day, then the Exchange Notice Period will be extended to 12 noon in The City of New York on the next succeeding Business Day. The amount of the cash payment received with respect to each Unit upon exchange (the “Exchange Amount”) will be equal to the Redemption Amount, calculated as though the Exchange Date was the Stated Maturity Date and as though the Ending Value equals the closing value of the Select Utility Index on the Exchange Date. An “Exchange Date” will be the third Index Business Day following the end of the applicable Exchange Notice Period. If a Market Disruption Event occurs on the third Index Business Day following an Exchange Notice Period, the Exchange Date for that year will be the next succeeding Index Business Day on which a Market Disruption Event does not occur. The Exchange Amount will be paid three Business Days after the Exchange Date. To the extent a Unit represented by this Note is exchanged, the number of Units represented on the first page of this Note shall be reduced by each exchanged Unit and the number of such Units then outstanding shall be as maintained in the records of the Trustee.
Exchange Notice Period means (i) commencing July 1, 1997, the following periods of each calendar year: January 1-15 and July 1-15; (ii) in the event that LTC determines to engage in a Sale (as defined in the Partnership Agreement), the period of 10 calendar days that begins on the date LTC notifies the Limited Partners of such decision, as provided in the Partnership Agreement; and (iii) in the event that LTC determines to sell all or substantially all of LTC's assets, LTC enters into an agreement providing for another Acquisition Transaction or an offer is made by a Person other than LTC or a subsidiary of LTC to purchase not less than a majority of the then outstanding shares of Common Stock (whether pursuant to a merger, consolidation, tender or exchange offer or otherwise), the period of 15 calendar days that begins on the date LTC publicly announces such determination or the date on which such offer is commenced, as applicable.
Exchange Notice Period means any Business Day (as defined below) from and including the first calendar day of the month of January to and including 12 noon in The City of New York on the fifteenth calendar day during the month of January in the years 2003, 2004, 2005 and 2006. If the fifteenth calendar day of the applicable month of January is not a Business Day, then the Exchange Notice Period will be extended to 12 noon in The City of New York on the next succeeding Business Day. The amount of the cash payment received upon exchange (the "Exchange Amount") will be equal to the Redemption Amount, calculated as though the Exchange Date was the Stated Maturity Date and as though the Ending Value equals the closing value of the Industrial 15 Index on the Exchange Date. An "Exchange Date" will be the second Index Business Day following the end of the applicable Exchange Notice Period. If a Market Disruption Event, as defined below, occurs on the second Index Business Day following an Exchange Notice Period, the Exchange Date for that year will be the next succeeding Index Business Day on which a Market Disruption Event does not occur. The Exchange Amount will be paid three Business Days after the Exchange Date. To the extent a Unit represented by this Note is exchanged, the number of Units represented on the first page of this Note shall be reduced by each exchanged Unit and the number of such Units then outstanding shall be as maintained in the records of the Trustee (as defined below).
Examples of Exchange Notice Period in a sentence
In order for the Exchange Right to be validly exercised, a Holder shall deliver to LTC, at the address and in the manner specified in Section 7.1 hereof and during an Exchange Notice Period, a duly completed and duly executed notice of exchange in the form attached hereto as Exhibit A (the "Exchange Notice"), and all documents, if any, required by the Exchange Notice.
Such tender shall be deemed to have been made during the Exchange Notice Period next succeeding after the event of foreclosure.
In the event that an IESI Owner does not exercise its Exchange Right by delivering an Exchange Notice by the expiration of the Mandatory Exchange Notice Period, Newco shall initiate the Exchange Right by delivering written notice to such IESI Owner of its election to initiate the Exchange Right and the Exchange Consideration shall be Shares or, in the event of a Market Cash Election in accordance with Section 2.3, Market Cash.
This Global Note may be exchanged in whole or in part at the option of a Holder in whole Denominations for a cash payment equal to the Exchange Amount during any Business Day that occurs during an Exchange Notice Period (as defined below) by delivery of written notice from the Holder to the Trustee (as defined below) (in the form of Annex B attached hereto).
If no Exchange Notice is delivered by the Shareholder during the Exchange Notice Period, this Agreement shall terminate and be of no further force or effect with respect to the Exchanged Subsidiary Shares.
More Definitions of Exchange Notice Period
Exchange Notice Period means, (a) for the fiscal quarter ending December 31, 2023, the period commencing on the date hereof and ending on the next Exchange Blackout Period thereafter and (b) for each subsequent fiscal quarter, the period commencing on the first Business Day after the day on which the Corporation releases its earnings for the prior fiscal period, beginning with the first such date that falls on or after the waiver or expiration of any contractual lock-up period relating to the shares of the Corporation that may be applicable to a Shareholder and ending on the commencement of the next Exchange Blackout Period thereafter.
Exchange Notice Period means any Business Day (as defined below) from and including the first calendar day of the month of January to and including 12 noon in The City of New York on the fifteenth calendar day during the month of January in the years 2003, 2004, 2005 and 2006. If the fifteenth calendar day of the applicable month of January is not a Business Day, then the Exchange Notice Period will be extended to 12 noon in The City of New York on the next succeeding Business Day. The amount of the cash payment received upon exchange (the "Exchange Amount") will be equal to the Redemption Amount, calculated as though the Exchange Date was the Stated Maturity Date and as though the Ending Value equals the closing value of the Biotech-Pharmaceutical Index on the Exchange Date. An "Exchange Date" will be the second Index Business Day following the end of the applicable Exchange Notice Period. If a Market Disruption Event, as defined below, occurs on the second Index Business Day following an Exchange Notice Period, the Exchange Date for that year will be the next succeeding Index Business Day on which a Market Disruption Event does not occur. The Exchange Amount will be paid three Business Days after the Exchange Date. To the extent a Unit represented by this Note is exchanged, the number of Units represented on the first page of this Note shall be reduced by each exchanged Unit and the number of such Units then outstanding shall be as maintained in the records of the Trustee (as defined below).
Exchange Notice Period means the period from and including the first calendar day of the applicable Exchange Month to and including 12:00 noon in The City of New York on the fifteenth calendar day during the applicable Exchange Month. If the fifteenth calendar day of the applicable Exchange Month is not a Business Day, then the Exchange Notice Period shall be extended to 12:00 noon in The City of New York on the next succeeding Business Day. The “Exchange Amount” shall be equal to the Redemption Amount, calculated as if the Exchange Date were the Stated Maturity; provided, however, that the Ending Value shall be equal to the closing level of the Index, on the Exchange Date. An “Exchange Date” shall be the third Index Business Day following the end of the applicable Exchange Notice Period. If a Market Disruption Event occurs on the third Index Business Day following an Exchange Notice Period, the Exchange Date for that year shall be the next succeeding Index Business Day on which a Market Disruption Event does not occur. The Exchange Amount shall be paid three Banking Business Days (as defined below) after the Exchange Date.
Exchange Notice Period means the period from and including the first calendar day of the month of September to and including 12:00 noon in The City of New York on the third Friday of the month of September of 2009, 2010, 2011 and 2012; provided, however, if the third Friday of the applicable month of September is not a Banking Business Day, then the Exchange Notice Period shall be extended to 12:00 noon in The City of New York on the next succeeding Banking Business Day.
Exchange Notice Period means the period from and including the first calendar day of the month of May to and including 12 noon in The City of New York on the fifteenth calendar day during the month of May in the years 2003, 2004, 2005 and 2006. If the fifteenth calendar day of the applicable month of May is not a Business Day, then the Exchange Notice Period will be extended to 12 noon in The City of New York on the next succeeding Business Day. The amount of the cash payment received upon exchange (the "Exchange Amount") will be equal to the Redemption Amount, calculated as though the Exchange Date was the Stated Maturity and as though the Ending Value equals the closing value of the Select European 50 Index on the Exchange Date. An "Exchange Date" will be the second Index Business Day following the end of the applicable Exchange Notice Period. If a Market Disruption Event occurs on the second Index Business Day following an Exchange Notice Period, the Exchange Date for that year will be the next succeeding Index Business Day on which a Market Disruption Event does not occur. The Exchange Amount will be paid three Business Days after the Exchange Date. To the extent a Unit represented by this Note is exchanged, the number of Units represented on the first page of this Note shall be reduced by each exchanged Unit and the number of such Units then outstanding shall be as maintained in the records of the Trustee.
Exchange Notice Period means the period from and including the first calendar day of the applicable Exchange Month to and including 12:00 noon in The City of New York on the fifteenth calendar day during the applicable Exchange Month. If the fifteenth calendar day of the applicable Exchange Month is not a Banking Business Day, then the Exchange Notice Period shall be extended to 12:00 noon in The City of New York on the next succeeding Banking Business Day. The “Exchange Amount” per Unit shall be equal to the Redemption Amount per Unit, calculated as if the Exchange Date were the Maturity Date, except that the Ending Value shall be equal to the closing level of the Model, as reduced by the Model Adjustment Factor in the manner described above, on the Exchange Date. An “Exchange Date” shall be the third Model Business Day following the end of the applicable Exchange Notice Period. If a Securities Disruption Event occurs on the third Model Business Day following an Exchange Notice Period, the Exchange Date for that year shall be the next succeeding Model Business Day on which a Securities Disruption Event does not occur. The Exchange Amount shall be paid three Banking Business Days after the Exchange Date.
Exchange Notice Period means the period from and including the first calendar day of the applicable Exchange Month to and including 12:00 noon in The City of New York on the fifteenth calendar day during the applicable Exchange Month. If the fifteenth calendar day of the applicable Exchange Month is not a Banking Business Day, then the Exchange Notice Period shall be extended to 12:00 noon in The City of New York on the next succeeding Banking Business Day. The “Exchange Amount” per Unit shall be equal to the Redemption Amount per Unit, calculated as if the Exchange Date were the Stated Maturity, except that the Ending Value shall be equal to the Exchange Price.