Exchange Privilege definition

Exchange Privilege. With respect to any Company shares held in the Custodial Account, the Depositor (or beneficiary, where applicable) may, upon submission of written instructions in a form acceptable to and filed with the Custodian, cause shares of any fund to be exchanged for shares of any other fund of the Company meeting the requirements of this Agreement, upon the terms and within the limitations imposed by the then current prospectus of the fund of the Company which are acquired in the exchange. By giving such instructions, the Depositor (or beneficiary) will be deemed to have acknowledged receipt of such prospectus.
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Exchange Privilege means the privilege pursuant to which an Employee may, subject to the limitations, terms and conditions set forth in the Exchange Application and the current prospectuses of International Investors Incorporated and the Van Eck Funds, exchange I.I.I. Shares or V.E.F. Shares purchased with contributions to the Plan made by the Employee and the Employer on behalf of the Employee and any I.I.I. Shares or V.E.F. Shares acquired as a result of dividends and capital gains distributions thereon for shares of the Participating Funds and re-exchange such shares for shares of the other Participating Funds.
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Examples of Exchange Privilege in a sentence

  • Establishment and Designation of Shares (a) Assets Belonging to Series (b) Liabilities Belonging to Series (c) Dividends, Distributions, Redemptions and Repurchases (d) Voting (e) Equality (f) Fractions (g) Exchange Privilege (h) Combination of Series (i) Elimination of Series 7.

  • Only if you do not wish to authorize the Telephone Exchange Privilege, please check here.

  • With the OppenheimerFunds Exchange Privilege, described below, you can exchange shares automatically by phone from your Fund account to another OppenheimerFunds account you have already established by calling the special PhoneLink number.

  • The minimum dollars purchase of Shares of each Fund (including Shares being acquired by your customers pursuant to the Exchange Privilege or the Reinvestment Privilege as described in the Prospectus) shall be the applicable minimum amounts described in the applicable Prospectus and no order for less than such amounts will be accepted.

  • This Exchange Privilege cannot be extended should the privilege expire while premiums are being waived.

  • Depositor acknowledges and understands that if the depositor does not want to authorize the Telephone Exchange Privilege, the box should be checked in that Section above.

  • This policy will end on the date the new policy takes effect under this Exchange Privilege.

  • This policy cannot be exchanged if it was issued under the Exchange Privilege of a previous term insurance policy.

  • Exercise of Conversion or Exchange Privilege.............................

  • Establishment and Designation of Series (a) Assets With Respect to a Particular Series (b) Liabilities Held With Respect to a Particular Series (c) Dividends, Distributions, Redemptions, and Repurchases (d) Voting (e) Equality (f) Fractions (g) Exchange Privilege (h) Combination of Series (i) Elimination of Series 7.

Related to Exchange Privilege

  • Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

  • Conversion Rights has the meaning set forth in Section 5.1.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Exchange Provision At any time after the date an Acquiring Person obtains 15% or more of the Company's Common Stock and prior to the acquisition by the Acquiring Person of 60% of the outstanding Common Stock, the Company's Board of Directors may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment). However, if a majority of the Company's Board of Directors is elected by shareholder action by written consent, then for a period of 180 days following such election the Rights cannot be exchanged if such exchange is reasonably likely to have the purpose or effect of facilitating an acquisition of the Company by a person or entity who proposed, nominated or supported a director of the Company so elected by written consent (an "INTERESTED PERSON"). REDEMPTION OF Rights will be redeemable at the Company's THE RIGHTS: option for $0.01 per Right at any time on or prior to public announcement that a Person has acquired beneficial ownership of 15% or more of the Company's Common Stock (the "SHARES ACQUISITION DATE"). However, if a majority of the Company's Board of Directors is elected by shareholder action by written consent, then for a period of 180 days following such election the Rights cannot be redeemed if such redemption is reasonably likely to have the purpose or effect of facilitating an acquisition of the Company by an Interested Person. EXPIRATION OF The Rights expire on the earliest of (a) August THE RIGHTS: 14, 2011, or (b) exchange or redemption of the Rights as described above. AMENDMENT OF The terms of the Rights and the Rights TERMS OF RIGHTS: Agreement may be amended in any respect without the consent of the Rights holders on or prior to the Distribution Date; thereafter, the terms of the Rights and the Rights Agreement may be amended without the consent of the Rights holders in order to cure any ambiguities or to make changes which do not adversely affect the interests of Rights holders (other than the Acquiring Person). However, if a majority of the Company's Board of Directors is elected by shareholder action by written consent, then for a period of 180 days following such election the Rights Agreement cannot be

  • additional subscription privilege means a privilege, granted to a holder of a right, to subscribe for a security not subscribed for by any holder under a basic subscription privilege;