Examples of Optional Exchange Date in a sentence

If no Optional Exchange Date is specified in the Optional Exchange Notice, the Optional Exchange Date shall be deemed to be the fifth Business Day after the Optional Exchange Notice Date.
Notwithstanding the foregoing, in the case of any shares of Preferred Stock subject to the Rights Plan Exchange Cap, the Optional Exchange Date may be no sooner than sixty-one days following the Optional Exchange Notice Date and no shares of Parent Common Shares will be delivered in respect of such Preferred Stock at any time prior to sixty-one days following the Optional Exchange Notice Date.
If a Holder validly delivers the Optional Exchange Notice in accordance with this Section 5.1, the Company shall deliver the shares of Parent Common Shares as soon as reasonably practicable, but not later than five (5) Business Days after the Optional Exchange Date.
Further, the Bank did not exercise its option to convert ANZ NZ CN into ordinary shares of the Ultimate Parent Bank on the Optional Exchange Date.
Accordingly, the Bank was not permitted to, and did not, redeem NZ$500 million of mandatory convertible perpetual subordinated securities (ANZ NZ CN) on 25 May 2020 (the Optional Exchange Date).

More Definitions of Optional Exchange Date

Optional Exchange Date means any Distribution Date on which Underlying Securities subject to Optional Exchange are distributed to a Certificateholder.

Optional Exchange Date. Any Distribution Date.

Optional Exchange Date shall have the meaning set forth in Section 5.1;

Optional Exchange Date. As defined in Section 5.12.

Optional Exchange Date means any Business Day designated for the exercise of the Optional Exchange Right by the holder thereof.

Optional Exchange Date has the meaning specified in Section 7.10(c).

Optional Exchange Date means May 15 and November 15 of each year.