Securities Payment definition

Securities Payment has the meaning specified in Section 1302.

Securities Payment has the meaning specified in Section 16.2.]

Securities Payment has the meaning specified in Section 17.2.]

Examples of Securities Payment in a sentence

• Any taxes that have been withheld or deducted from any Securities Payment, or any taxes that ought to have been withheld or deducted from any such Securities Payment that have been remitted to the relevant taxing authority, shall not be considered to be an amount that the Trustee or the Holder of any Security receives for purposes of this Section.

• In the event that any Senior Payment Default (as defined below) shall have occurred and be continuing, then no Securities Payment shall be made unless and until such Senior Payment Default shall have been cured or waived or shall have ceased to exist or all amounts then due and payable in respect of Senior Debt shall have been paid in full, or provision shall have been made for such payment, in cash or Cash Equivalents or otherwise in a manner satisfactory to the holders of Senior Debt.

• In the event that, notwithstanding the foregoing, the Company shall make any Securities Payment to the Trustee or any Holder prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such Securities Payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such Securities Payment shall be paid over and delivered forthwith to the Company.

• The provisions of this Section shall not apply to any Securities Payment with respect to which Section 14.02 would be applicable.

• Securities to Rank Pari Passu with All Other Securities; Payment of Proceeds in Certain Cases.

More Definitions of Securities Payment

Securities Payment has the meaning specified in Section 1602.

Securities Payment has the meaning specified in Section 13.02.

Securities Payment has the meaning specified in Section 14.02.

Securities Payment means the amount of Securities Balance paid by the Issuer to the Swap Counterparty under the Default Swap as described in paragraph 20(viii)(B)(ii) below relating to such Credit Event.(C) If, as at the Additional Early Redemption Date or the Scheduled Maturity Date, as the case may be, (a) one or more Event Determination Dates has occurred but the relevant Cash Payment Date(s) are still to occur,(b) the Swap Counterparty has given notice pursuant to the Default Swap that a Potential Failure to Pay has occurred in relation to one or more Reference Obligations, or (c) the Swap Counterparty has given notice pursuant to the Default Swap that, in its opinion, a Credit Event may have occurred and that the Conditions to Settlement may be satisfied during the relevant Notice Delivery Period but have not been so satisfied as at such date (each an “Outstanding Credit Event”):

Securities Payment has the meaning specified in Section 15.2].

Securities Payment shall have the meaning set forth in Section 11.3.

Securities Payment means any payment or distribution of any kind or character, whether by way of set-off or otherwise and whether in cash, property or securities (including any Junior Subordinated Payment) on account of principal of or premium, if any, or interest on, or Additional Amounts with respect to, the Securities or on account of any purchase, repurchase, redemption or other acquisition of Securities, in any case whether by the Company or by any other person on behalf of the Company.