Qualifying Security definition

Qualifying Security means, at any time of determination, any Security (1) which is common stock, beneficial interest in a trust, or the equivalent thereof, (2) which is owned by, and registered in the name of, Borrower or a Guarantor and (3) which at such time meets all of the following conditions (which compliance Agent shall have the right to confirm):
Qualifying Security means each Security issued by a Qualifying Issuer and owned solely by, and registered solely in the name of, the Borrower or a Guarantor, other than a Security of a Qualifying Issuer which:

Examples of Qualifying Security in a sentence

  • In the event of a Qualifying Security Incident affecting a Traveler, subject to the conditions, exclusions, and limitations in this Agreement, Redpoint will advise, provide, arrange and pay all necessary services for air and/or surface transport to the Traveler’s Country of Residence.

  • Evacuation shall be requested within 7 days of the occurrence of any such Qualifying Security Incident.

  • Security Evacuation Services must be requested within 5 days of the announcement or commencement of the Qualifying Security Event.

  • To the extent practicable and permitted bylaw, and subject to the terms, limitations, and exclusions of this Section 2.1.1, Company will provide and arrange for rescue, air and/or surface transport to the Traveling Member’s Home Country in the event the Traveling Member is experiencing a Qualifying Security Event and requests transport.

  • Part 200 - Qualifying Security § 110-40-201 Property Qualifying Under the Program; No Construction by Owner(a)(1) To qualify under the Member Home Loan Program, the property securing the loan shall be “improved real property” located in the Commonwealth of the Northern Mariana Islands.


More Definitions of Qualifying Security

Qualifying Security means any HMBS originated by RMF.
Qualifying Security means together the First Qualifying Security Documents and any other security granted in respect of the Intercompany Indebtedness which is assigned to the Agent as security for the Indebtedness.
Qualifying Security means security in the form of: (i) immediately available funds held by a trustee for the benefit of the other Owners and invested at the direction of Agent; (ii) debt securities with less than 6 months to maturity issued by the U.S. Government or U.S. Government Agencies, bank certificates of deposit with a bank having at least a credit rating on their senior unsecured debt obligations of AA- from S&P and Aa3 from Xxxxx’x, or bank commercial paper or corporate commercial paper with at least a credit rating of A1 from S&P and P1 from Xxxxx’x, held by the other Owners, a trustee or other appropriate escrow agent for the benefit of the other Owners and reinvested within the guidelines of this Section 10.07(c)(i); (iii) an irrevocable transferable letter of credit issued for the benefit of the other Owners (or their assignee), having a stated expiration date of not earlier than one year after the date of original issuance, issued by a United States branch of any bank, the senior unsecured debt obligations (or long-term deposits) of which are rated by at least one rating agency and are rated at least “AA-” (or the equivalent thereof) by each rating agency providing a rating of such obligations (or deposits) as of the date of the issuance of such letter of credit or bank otherwise suitable to Agent; (iv) an unconditional guaranty to the other Owners from an entity the senior unsecured debt obligations of which are rated by at least one rating agency and are rated at least “AA-” (or the equivalent thereof) by each rating agency providing a rating of such obligations; (v) other security acceptable to Agent; or (vi) a combination of the obligations set forth in clauses (i) through (v) above.
Qualifying Security means any common stock owned by SSD in a Subsidiary whose common stock (A) is listed on the New York Stock Exchange, the American Stock Exchange or some other principal national securities exchange or has price quotations in the over-the-counter market reported by the National Association of Securities Dealers Automated Quotation System; (B) is not subject to any instrument, document or agreement which in any way prohibits the sale of such common stock by SSD for any specified period of time or otherwise; and (C) the offer and sale of which by SSD would not then be subject to any registration requirements or other restrictions under the Securities Act of 1933, as amended (the "Securities Act"), or other Applicable Law, including without limitation, volume limitations imposed under Rule 144 of the Securities Act.
Qualifying Security means anysecurity:
Qualifying Security shall not include (i) securities sold to any employee, director or consultant of Maker or any Affiliate pursuant to a written stock option or similar compensation plan, (ii) securities issued in connection with any merger or other acquisition of any business, (iii) securities issued in any joint venture or similar agreement, (iv) securities issued to any third party in lieu of cash payment for services rendered to Maker or any Affiliate of Maker, (v) securities issued upon any "cashless" exercise of any option or warrant or securities issued upon the conversion of a convertible note, or (vi) securities issued in the ordinary course of business and not for the primary purpose of raising capital. "Net Proceeds" shall mean the gross proceeds from the sale of such securities less: (1) underwriting, brokerage and similar commissions or discounts, (2) legal and accounting fees directly incurred in connection with such financing, (3) registration and similar fees payable to federal and state securities regulatory agencies in connection with such financing, and (4) printing and roadshow costs associated with such financing.
Qualifying Security means securities: