Lender Securities definition
Examples of Lender Securities in a sentence
Each Lender acknowledges that Lender Securities have not been registered under the Securities Act, or any state securities laws, and that the Lender Securities may not be transferred or sold except pursuant to the registration provisions of the Securities Act or pursuant to an applicable exemption therefrom and subject to state securities laws, as applicable.
In such event, the Lender shall thereafter promptly and as soon as possible sign and enter into and procure the signing and entering into of all relevant discharges and releases and procure the successful registration and filing thereof (wherever applicable) to the result that all the Lender Securities are fully, effectively, and absolutely discharged, released, reassigned, and terminated (wherever applicable).
Except to the extent that representations are made as of the date(s) that any Lender Securities are issued pursuant to the first sentence of Section 3, all representations in Section 3 shall cease to be continuing and Pledgors’ obligations pursuant to Sections 4(a), 4(b), 4(c), 4(d), 4(e) and 10(b) of this Agreement, shall terminate on the date all of the Notes are paid in full or converted in full.
Lender Securities will continue to be Lender Securities in the hands of any holder and each transferee thereof will succeed to the rights and obligations of a holder of Lender Securities hereunder, PROVIDED that shares of Lender Securities will cease to be Lender Securities when transferred (i) to the Company, (ii) pursuant to a Public Sale or (iii) to a holder of Other Securities.
Without limiting the generality of the foregoing, in the event of an Insolvency Proceeding, Junior Lender shall not object to or oppose any efforts by the Senior Lender, Securities Trustee or any holder of the Securities or their representatives to obtain relief from the automatic stay under Section 362 of the Bankruptcy Code or to seek to cause such entity’s bankruptcy estate to abandon the property or Borrower (or any portion thereof).
Management Securities will continue to be Management Securities in the hands of any holder and each transferee thereof will succeed to the rights and obligations of a holder of Management Securities hereunder, provided that shares of Management Securities will cease to be Management Securities when transferred (i) to the Company (unless such shares are reissued pursuant to the Management Stock Plan), (ii) pursuant to a Public Sale or (iii) to a holder of Other Securities or Lender Securities.
Lender Stockholders means the Lenders for so long as the Lenders hold Lender Securities and any other Person to whom Lender Securities are transferred and who has executed either (A) prior to the Loan Repayment Date, and Assignment and Acceptance or (B) thereafter, an Instrument of Accession, for so long as such Person holds any Lender Securities.
On the last day of the Term, the Borrower shall return to the Lender Securities of the same type and quantity as they previously received as a consequence of the relevant Securities Loan, taking into consideration the changes that may have occurred in accordance with section 7 and section 9.1. Return shall take place not later than the time of day specified in section 5.1. At the time of return, the Securities shall be free of any security interest or other encumbrance.
Tsirmaunltsanaecotuios angsreement by Borrower to transfer to Lender Securities equivalent to such Securities on a fixed date or on demand against the transfer to Borrower by Lender of assets equivalent to such Collateral.