Ordinary Securities definition

Ordinary Securities means undivided beneficial interests in the assets of the Company which rank pari passu with Preferred Securities issued by the Company; provided, however, that upon the occurrence of an Event of Default, the rights of holders of Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of Preferred Securities.
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Ordinary Securities means the ordinary shares of the Bank;
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Examples of Ordinary Securities in a sentence

  • If the Paying Agent holds sufficient funds and or Ordinary Securities sufficient to pay the aggregate Repurchase Price for all Securities or portions thereof that are to be repurchased as of the Repurchase Date, such Securities will cease to be outstanding and interest will cease to accrue thereon whether or not book entry of the Securities has been made or the Securities have been delivered to the Paying Agent.

  • The Class A Ordinary Securities are registered under the Exchange Act and, as of the Closing Date, the Securities shall be listed for trading on the Nasdaq Capital Market (the “Trading Market”) or other applicable U.S. national exchange and reasonable evidence of such action, if available, shall have been provided to the Placement Agent upon its request.