Repurchase Contract definition
Examples of Repurchase Contract in a sentence
The effectiveness of this Pricing Agreement is subject to the condition that on or prior to the date hereof, the Company shall have entered into a Repurchase Contract with respect to _______ shares of common stock of the Company substantially in the form of Annex I hereto.
The Warrant Agreement, each Repurchase Contract and each Pricing Agreement, when duly executed and delivered by the Company, will be legal, valid and binding agreements of the Company enforceable in accordance with their respective terms except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and (ii) the availability of equitable remedies may be limited by equitable principles of general applicability.
Upon Early Settlement of any Variable-Share Repurchase Contract, the Holder thereof shall continue to be entitled to receive Contract Payments or Deferred Contract Adjustment Payments with respect to such Variable-Share Repurchase Contract as if such Holder had not settled such Variable-Share Repurchase Contract.
The payment obligations of ▇▇▇▇▇▇▇ Sachs with respect to the Warrants of any series may be netted against the payment obligations of the Company with respect to the Repurchased Shares specified in the related Repurchase Contract.
Without receiving any instruction from any such Holder, the Collateral Agent shall apply such Pledged Common Stock or Pledged Merger Consideration to the settlement of such Variable-Share Repurchase Contract on the Variable-Share Stock Purchase Date.
Pursuant to the Pledge Agreement, the Fixed-Share Right, forming a part of the related SPACES, has been pledged to the Collateral Agent and a security interest has been granted to the Collateral Agent in the right, title and interest of such Holder in such Fixed-Share Right, for the benefit of the Company, to secure the obligation of the Holder under the Variable-Share Repurchase Contract to sell the Common Stock to the Company.
If a Holder or the Collateral Agent cures the Collateral Insufficiency, any Collateral held by the Collateral Agent in excess of that necessary to fully secure a Holder's delivery obligations under a Variable-Share Repurchase Contract shall be delivered to the Purchase Contract Agent for the benefit of such Holder in accordance with the provisions of this Agreement and the Purchase Contract Agreement.
Each Separate COVERS represents the ownership by the Holder thereof of the rights and obligations of the Holder thereof and State Street Corporation, a Massachusetts corporation (the "Company") under one Variable-Share Repurchase Contract and the pledge of Common Stock by the Holder to secure such Holder's obligation under the Variable-Share Repurchase Contract, as further described below.
Each SPACES represents the ownership by the Holder thereof of (i) one PACES and (ii) the rights and obligations of the Holder thereof and State Street Corporation, a Massachusetts corporation (the "Company"), under one Variable-Share Repurchase Contract.
Share Repurchase Contract underlying a Separate COVERS, the obligation of the Holder of such Contract to deliver a number of shares of Common Stock equal to the Variable-Share Early Settlement Rate shall be satisfied from the Pledged Common Stock delivered to the Agent by the Collateral Agent as provided below.