Examples of Surrendered Securities in a sentence
Notwithstanding anything to the contrary contained in this Plan, all repurchases of Surrendered Securities by the Company shall be subject to applicable state and federal laws and regulations and, to the extent applicable, the Company’s debt and equity financing agreements.
Any such Surrendered Securities shall be submitted to the Trustee for cancellation.
The Issuer shall provide notice to the Co-Issuer and to the Trustee of any Surrendered Securities tendered to it, and the Trustee shall provide notice to the Applicable Issuers of any Surrendered Security tendered to it.
Cancellation of Surrendered Securities; Destruction Thereof 14 SECTION 2.09.
If any of the foregoing prohibits (in the discretion of the Company) the repurchase of Surrendered Securities which are otherwise permitted or required hereunder, the time periods provided in this Section 11.8 shall be suspended, and the Company may make such repurchases as soon as it is permitted to do so under such restrictions.
All Repurchased Notes, Surrendered Securities and Securitiesthat are surrendered for payment, registration of transfer, exchange or redemption, or are deemed lost or stolen, shall be promptly cancelled by the Trustee on behalf of the Issuer and may not be reissued or resold; provided that Repurchased Notes and Surrendered Securities shall continue to be treated as Outstanding to the extent provided in clause (v) of the definition of Outstanding.
The Company acknowledges that the Holders’ holding period for the Securities shall, for Rule 144 purposes, tack back to the issuance dates of the respective Surrendered Securities and the Company agrees not to take a position contrary to this Section 3.1(xx).
The provisions of this Section 2.07 are exclusive and will preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost, or stolen Securities.Section 2.08 Cancellation of Surrendered Securities.
The Company represents that the Holders have not tendered any consideration for the Securities except the Surrendered Securities.
At such closing, the holder of the Surrendered Securities shall deliver all certificates (if any exist) evidencing the Surrendered Securities to be repurchased to the Company, and the Company shall pay for the Surrendered Securities to be repurchased pursuant to the Repurchase Option by delivery of a check or wire transfer in the aggregate amount of the Repurchase Price for such securities.