Interim Exchange definition
Examples of Interim Exchange in a sentence
Interim Exchange Date: In respect of Party A and Party B means each Distribution Date (other than the Final Exchange Date).
Since the Capitalization Date, the Company has not issued any shares of Common Stock, other than (i) shares issued upon the exercise of stock options or delivered under other equity-based awards or other convertible securities or warrants which were issued and outstanding on the Capitalization Date and disclosed on Schedule B, (ii) shares issued in connection with the Public Investor Exchanges and (iii) shares issued upon the conversion or exercise of the Interim Exchange Securities or the Warrant.
From and after the execution of any such depositary arrangement, and the deposit of any Interim Exchange Securities pursuant thereto, the depositary shares issued pursuant thereto shall be deemed “Interim Exchange Securities” for purposes of this Agreement.
Any such amount so deferred on the Party B Interim Exchange Amount shall be payable on the next Party B Payment Date on which any Notes are to be redeemed, and the related deferred portion of the Party A Interim Exchange Amount shall also be payable on such date.
Initial Interim Exchange Dates: In respect of each Initial Interim Exchange Period, each day that is four Business Days after the Initial Interim Exchange Period End Date at the end of that Initial Interim Exchange Period.
For the avoidance of doubt, in the event Newmark is not included in any Joint Return in respect of the Interim Period, BGC Partners shall not be required to make any payment and shall not have any other obligations hereunder in respect of any basis adjustment relating to the tax basis of Newmark Opco’s tangible or intangible assets as a result of any Interim Exchange.
If Party A does not receive a Redemption Notice with respect to any Interim Exchange Date or Final Exchange Date, then the parties will not be required to pay any Interim Exchange Amounts or Final Exchange Amounts, respectively, on such Interim Exchange Date or Final Exchange Date, as the case may be.
Interim Exchange: On the Interim Exchange Date, UBS shall pay the Interim Exchange Amount to Counterparty.
Each period from, and including, one Final Interim Exchange Date to, but excluding, the next following Final Interim Exchange Date, except that (a) the initial Final Interim Exchange Period will commence on, and include, the earlier of the Final Hedging Period Start Date and the trade date of the On Exchange Transaction (if any) and (b) the final Final Interim Exchange Period will end on, and include, the last day of the Final Hedging Period or the On Exchange Transaction Settlement Date (as applicable).
On the Amendment Date, the Issuer will deliver the Released Charged Assets to the Swap Counterparty and the Swap Counterparty shall pay EUR 630,417 to the Issuer as an Interim Exchange Amount under the Swap Transaction.