Replacement Capital Intention definition
Replacement Capital Intention means a public statement of intention by the Company, in filings made by the Company with the SEC, to the effect that the Company will only fund repurchases or other acquisitions of specified securities for cash, or make certain other cash payments in respect of such securities , out of the proceeds received by the Company or one of the Subsidiaries from the sale of replacement securities that are as or more equity-like than the specified securities, within the 180-day period prior to the purchase, acquisition or other payment.
Replacement Capital Intention means, for the purposes of this header only, as to any security or combination of securities, that Morgan Stanley has publicly stated its intention, either in the prospectus or other offering document under which such securities were initially offered for sale or in filings with the SEC made by Morgan Stanley under the Exchange Act prior to or contemporaneously with the issuance of such securities, that Morgan Stanley will redeem or repurchase such securities only with the proceeds of specified replacement capital securities that have terms and provisions at the time of redemption or repurchase that are as or more equity-like than the securities then being redeemed or repurchased, raised within six (6) months prior to the applicable redemption or repurchase date.
Replacement Capital Intention means a public statement of intention by the Company, in filings made by the Company with the Commission, to the effect that the Company will only fund repurchases or other acquisitions of the Debentures for cash, or make certain other cash payments in respect of the Debentures, out of the proceeds received by the Company or one of the Subsidiaries from the sale of replacement securities that are as or more equity-like than the Debentures, within six months of the purchase, acquisition or other payment.
Examples of Replacement Capital Intention in a sentence
However, it is understood that the Company will be permitted, without the consent of Holders, to provide for a Replacement Capital Obligation, or a Replacement Capital Intention, in respect of the Debentures in the future.
The Debentures are not subject to a Legally Binding Replacement Covenant, and in connection with the issuance of the Debentures the Company has not expressed a Replacement Capital Intention.
More Definitions of Replacement Capital Intention
Replacement Capital Intention means, as to any security or combination of securities, that the Issuer has publicly stated its intention, either in the prospectus or other offering document under which such securities were initially offered for sale or in filings with the Commission made by the Issuer under the Exchange Act prior to or contemporaneously with the issuance of such securities, that the Issuer will redeem or repurchase such securities only with the proceeds of specified replacement capital securities that have terms and provisions at the time of redemption or repurchase that are as or more equity-like than the securities then being redeemed or repurchased, raised within six (6) months prior to the applicable redemption or repurchase date.