Principal Securities definition

Principal Securities has the meaning assigned to such term in Section 8.01(i).
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Principal Securities means all Options of the Issuer and all equity securities of the Issuer that carry a residual right to participate in the earnings of the Issuer and, on the liquidation or winding-up of the Issuer, in its assets, which in the case of an IPO, immediately before completion of the Issuer's IPO are beneficially owned, directly or indirectly by Principals, or over which Principals have control or direction, or in al other cases, which immediately before the issuance of the Exchange Notice confirming final acceptance, are beneficially owned, directly or indirectly by Principals, or over which Principals have control or direction.
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Examples of Principal Securities in a sentence

  • This includes bills, notes, bonds, and Separate Trading of Registered Interest and Principal Securities (STRIPS), both the interest-only (IO) and principal-only (PO) components.

  • Appendix AAdditional Information Regarding Florida PRIME’s Principal Securities Throughout this appendix it shall be understood that actions described as being taken by Florida PRIME refer to actions taken by the Investment Manager on behalf of Florida PRIME.

  • All calculation and determination functions required of the Determination Agent or the Principal Securities Agent under these Conditions may be delegated to any such person as the Determination Agent or the Principal Securities Agent, as the case may be, in its absolute discretion, may decide.

  • References in the Conditions to Certificates are to the Certificates of the relevant Series and references to the Issuer, the Principal Securities Agent, the Determination Agent, any holder or the Securityholders are to those persons in relation to the Certificates of the relevant Series.

  • U.S. Treasury Separate Trading of Registered Interest and Principal Securities (“STRIPS”) are not considered derivatives and may be purchased.

  • All payments in respect of a Global Registered Security which, in accordance with the "Terms and Conditions of the Certificates", require presentation and/or surrender of an Individual Registered Security will be made against presentation and (in the case of payment in full) and/or surrender of the Global Registered Security at the Specified Office of the Principal Securities Agent and will be effective to satisfy and discharge the corresponding liabilities of the Issuer in respect of the Certificates.

  • U.S. Treasury STRIPS (Separate Trading of Registered Interest and Principal Securities) are created by decoupling the individual coupon and principal payments from U.S. Treasury notes and bonds into pure zero-coupon securities.

  • A General Account may be either a Principal Securities Account or a Customer Securities Account.

  • Separate Trading of Registered Interest and Principal Securities (STRIPS) and other similar instruments are securities that have been transformed from a principal amount with periodic interest coupons into a series of zero-coupon securities, with the range of maturities matching the coupon payment dates and the redemption date of the principal amount.

  • Separate Trading of Registered Interest and Principal Securities (STRIPS) and other similar instruments are securities that have been transformed from a principal amount with periodic interest coupons into a series of zero- coupon securities, with the range of maturities matching the coupon payment dates and the redemption date of the principal amount.

Related to Principal Securities

  • Securities has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture.

  • Original Securities has the meaning set forth in Section 2.02.

  • Offered Securities shall have the meaning specified in Section 5.03(b)(ii)(B).

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Covered Securities means any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a "security", or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the foregoing.

  • Additional Securities means such Securities which have been deposited pursuant to Section 2.05 to effect an increase over the number of Units initially specified in the Reference Trust Agreement.

  • Investor Securities is defined in Section 2.1.

  • Rated Securities means each Class of Securities that has been rated by one or both Rating Agencies at the request of the Seller.