Examples of Replacement Security in a sentence

Any excess of the purchase price of a Failed Contract Security over the purchase price of its corresponding Replacement Security shall be credited to the Capital Account.
Whenever a Replacement Security is acquired by the Trustee pursuant to the provisions of this Section, the Trustee will, as agent for the Depositor, not later than five days after such acquisition, mail to each Unitholder a notice of such acquisition, including an identification of the Securities eliminated and the Securities acquired.
Any excess of the purchase price of a Failed Contract Security over the purchase price of its corresponding Replacement Security shall be refunded to the Depositor.
Operators will also be required to provide the expected fuel consumption rate for the aircraft proposed.
At any time during the Term of this Agreement Seller shall deliver to T&D credit support in a form that meets the definition of Replacement Security, within five (5) Business Days of Seller’s receipt of T&D’s request therefor, in an amount equal to Seller’s Exposure.

More Definitions of Replacement Security

Replacement Security shall have the meaning assigned to it in Section 3.13.

Replacement Security means either: (a) cash; (b) an irrevocable letter of credit, substantially in the form set forth as Exhibit A, issued by a commercial bank authorized to do business and in good standing in the United States of America with a minimum long-term unsecured debt rating of at least “A-” by Standard & Poor’s or “A3” by Moody’s, or an equivalent debt rating by one of these agencies; or (c) other security acceptable to the Party receiving such Replacement Security. If, at any time, the issuer of the Replacement Security fails to possess the minimum applicable requirements set forth in (b) or (c) in the immediately foregoing sentence (such occurrence defined herein as a “Replacement Downgrade Event”), the Party causing such Replacement Security to be issued shall deliver replacement credit support in a form and in the amount that meets the definition of Replacement Security within five (5) Business Days of notice of such Replacement Downgrade Event. The other Party shall return the original Replacement Security to the Party causing the additional Replacement Security to be issued within five (5) Business Days of the provision of such additional Replacement Security to the other Party.

Replacement Security means either: (a) cash; (b) an irrevocable letter of credit issued by a commercial bank authorized to do business and in good standing in the United States of America with a minimum long-term unsecured debt rating of at least “A-” by S&P or “A3” by Xxxxx’x, or an equivalent debt rating by one of these agencies; or (c) other security acceptable to the Party receiving such Replacement Security. If, at any time, the issuer of the Replacement Security fails to possess the minimum applicable requirements set forth in (b) or (c) in the immediately foregoing sentence (such occurrence defined herein as a “Replacement Downgrade Event”), the Party causing such Replacement Security to be issued shall deliver replacement credit support in a form and in the amount that meets the definition of Replacement Security within five (5) Business Days of notice of such Replacement Downgrade Event. The other Party shall return the original Replacement Security to the Party causing the additional Replacement Security to be issued within five (5) Business Days of the provision of such additional Replacement Security to the other Party.

Replacement Security has the meaning ascribed thereto in section 2.2 of the Plan of Arrangement;

Replacement Security has the meaning ascribed thereto in section 2.2(a)(ii);

Replacement Security shall have the meaning assigned to it in Section 3.14.

Replacement Security means either: (a) cash or (b) an irrevocable letter of credit issued by a commercial bank authorized to do business and in good standing in the United States of America with a minimum long-term unsecured debt rating of at least “A-” by S&P or “A3” by Xxxxx’x, or an equivalent debt rating by one of these agencies. If, at any time, the issuer of the Replacement Security fails to possess the minimum applicable requirements set forth in (b) in the immediately foregoing sentence (such occurrence defined herein as a “Replacement Downgrade Event”), the Party causing such Replacement Security to be issued shall deliver replacement credit support in a form and in the amount that meets the definition of Replacement Security within ten (10) Business Days of notice of such Replacement Downgrade Event. The other Party shall return the original Replacement Security to the Party causing the additional Replacement Security to be issued within ten (10) Business Days of the provision of such additional Replacement Security to the other Party. The form of any Replacement Security issued pursuant to this Section 6.2 (i.e., cash or irrevocable letter of credit) shall be at discretion of the Party causing such Replacement Security to be issued, provided that the form of such Replacement Security meets the requirements applicable to such form under this Agreement.