RCR definition
Examples of RCR in a sentence
Upon any such exchange the portion or portions of the Combinable Certificates designated for exchange shall be deemed cancelled and replaced by the RCR Certificate or Certificates issued in exchange therefor.
Correspondingly, RCR Certificates included in a Certificate Group may be further designated for exchange for Certificates of the Combinable Classes included in the same Certificate Group in respective denominations determined pursuant to the applicable Exchange Ratios.
In the case of each Certificate Group, Certificates of the Class or Classes of Combinable Certificates in such Certificate Group shall be exchangeable for Certificates of the Class or Classes of RCR Certificates in such Certificate Group in respective denominations determined pursuant to the applicable Exchange Ratios.
Combinable Certificates shall be exchangeable on the books of a Reserve Bank for RCR Certificates, and RCR Certificates shall be exchangeable on the books of a Reserve Bank for Combinable Certificates, on and after the Settlement Date under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified under “Description of the Certificates–Combination and Recombination” in the Prospectus Supplement.
Combinable Certificates shall be exchangeable on the books of a Reserve Bank for RCR Certificates, and RCR Certificates shall be exchangeable on the books of a Reserve Bank for Combinable Certificates, on and after the Settlement Date under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified under “Description of the Certificates-Combination and Recombination” in the Prospectus Supplement.