Examples of Freely Tradable in a sentence
All distributions made before the commencement of the liquidation of the Partnership’s assets pursuant to Article 10 shall consist of cash or Freely Tradable Securities.
The fair market value of any security owned by the Partnership which is a Freely Tradable Security shall be determined as of the close of trading on the date as of which the value is being determined by taking the average of the last reported trade or sale price of such security on the ten consecutive trading days immediately preceding such date on the exchange where it is primarily traded.
The accrual of Additional Interest will be the exclusive remedy available to Holders for the failure of their Notes to become Freely Tradable.
If, at any time on or after the Last Original Issue Date of any Note, such Note is not Freely Tradable, then Additional Interest will accrue on such Note for each day during such period on which such failure is continuing or such Note is not Freely Tradable.
Subject to Section 2.10 and this Article 4, in the event that the Initial Maturity Date is extended to the Final Maturity Date, any Debentures issued hereunder will be convertible into Freely Tradable Shares of the Corporation, at the option of the Debentureholder, at such conversion rate or rates, and on such date or dates and in accordance with such other provisions as shall have been expressed in this Indenture, in such Debentures, in an Officer’s Certificate or in a supplemental indenture.