Future Securities definition

Future Securities means any issuance of Capital Stock in a financing transaction (other than an underwritten public offering), a purpose of which is raising capital, at a price which is less than ninety percent (90%) of the 10-day average closing price of Common Stock as reported by the Bloomberg Professional Service (x) established on the date on which Notice (as defined below) is delivered to members of the Investor Shareholder Group, if the issuance is to be sold at a price which has been established prior to the date of such Notice, or (y) on the day immediately prior to the closing date of such transaction if the price has not been established prior to Notice. Notwithstanding anything to the contrary, the term "Future Securities" does not include:
Future Securities has the meaning set forth in Section 2.01 of this Eighth Supplemental Indenture.
Future Securities shall have the meaning set forth in Section 3.2.

Examples of Future Securities in a sentence

  • In the case of Mini Future Securities, a "stop loss event" occurs if the value of the Relevant Underlying is less than or equal to the current stop loss level (in the case of Mini Future Long Securities) or greater than or equal to the current stop loss level (in the case of Mini Future Short Securities).

  • If and for so long as the Operating Partnership guarantees the Notes or any Future Securities, it shall agree in the supplemental indenture that it shall waive and shall not in any manner whatsoever claim or take the benefit or advantage of any right of reimbursement, indemnity or subrogation or any other right as a result of any payment by the Operating Partnership under any Operating Partnership Guarantee until the Notes, or such Future Securities, have been paid in full.

  • Any such Operating Partnership Guarantee shall provide that holders of the Notes and any Future Securities shall be entitled to proceed directly against the Operating Partnership without exercising their remedies against any other obligor.

  • Once the Rollover has been completed, in respect of Mini Future Securities or Turbo Securities the Current Financing Level shall be adjusted on the basis of the prices for the new future contract.

  • Mini Future Securities, Constant Leverage Securities and Turbo Securities enable investors to participate in any gains or falls in the value of the Relevant Underlying by investing only part of the value of the Relevant Underlying with the remaining portion financed by the Issuer (this is represented by the Current Financing Level).

  • The leverage for Mini Future Securities and Turbo Securities is not fixed and will vary from day to day.

  • Investors should carefully consider Part 2 – Additional Terms and Conditions, Section 1 (Additional Terms and Conditions for Mini Future Securities), Section 2 (Additional Terms and Conditions for Constant Leverage Securities), Section 3 (Additional Terms and Conditions for Tracker Securities) or Section 4 (Additional Terms and Conditions for Turbo Securities), as applicable to a relevant Type of Security, for details on how any such fees accrue.

  • Turbo Securities, Turbo Open End Securities, X-Turbo Securities, X-Turbo Open End Securities and Mini Future Securities, COOL Securities, Inline Securities and Stay High/Stay Low Securities (the "Knock-out Securities") are issued as Certificates or Warrants.

  • The Determination Agent in its discretion determines the (among other matters) timing of the closure of the positions in the Relevant Underlying at the occurrence of a stop loss event in relation to Mini Future Securities.

  • The Mini Future Securities, Constant Leverage Securities and Turbo Securities enable investors to participate in any gains or falls in the value of the Relevant Underlying by investing only part of the value of the Relevant Underlying, with the remaining portion financed by the Issuer.


More Definitions of Future Securities

Future Securities has the meaning set forth in Article Two of this Fourth Supplemental Indenture.
Future Securities means all future securities, assets, rights, title, interest and claims the Pledgor has or will have in relation to the Pledged Account, and all amounts now or in the future credited or accrued on the Pledged Account, including, for the avoidance of doubt, cash and other rights and the property held therein or credited thereto and the proceeds and products thereof and property received, receivable or otherwise distributed in respect of the Pledged Account and the assets held therein and any assets from time to time subject, or expressed to be subject, to the Pledge created or expressed to be created by or pursuant to this Agreement or any part of those assets, including cash, assets or securities derived from the Securities (whether by way of redemption, liquidation, bonus, preference, option, substitution, conversion or otherwise) or from the proceeds thereof.
Future Securities has the meaning set forth in Article III.
Future Securities shall have the meaning set forth in SECTION 3.2.

Related to Future Securities

  • pre-qualification means the first stage of the Bidding Process involving the submission, opening and evaluation of the Qualification Documents submitted by the Prospective Bidders.

  • Obligor on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • under common control with means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, as trustee or executor, as general partner or managing member, by Contract or otherwise, including the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person.