The Securities definition
The Securities. The Offered Securities shall be issued as follows:
The Securities. Administrator shall account for the Excess Reserve Fund Account as an asset of a grantor trust under subpart E, Part I of subchapter J of the Code and not as an asset of any Trust REMIC created pursuant to this Agreement. The beneficial owners of the Excess Reserve Fund Account are the Class X Certificateholders. For all federal income tax purposes, amounts transferred to the Excess Reserve Fund Account shall be treated as distributions by the Securities Administrator from the Upper-Tier REMIC to the Class X Interest and from the Class X REMIC to the Class X Certificates and then contributed by the Class X Certificateholders to the Excess Reserve Fund Account.
The Securities means any or all of the Shares, the Warrants and the shares of the Issuer issued on the exercise of the Warrants (the "Warrant Shares").
Examples of The Securities in a sentence
The Securities initially deposited in the Trust pursuant to Section 2.01 of the Standard Terms and Conditions of Trust are set forth in Schedule A hereto.
The Securities initially deposited in the Trust pursuant to Section 2.01 of the Standard Terms and Conditions of Trust are set forth in the Schedules hereto.
The Securities listed in the Schedules hereto have been deposited in trust under this Trust Agreement.
The Securities are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company.
The Securities are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents.
More Definitions of The Securities
The Securities. Administrator shall account for the Supplemental Interest Trust as an asset of a grantor trust under subpart E, Part I of subchapter J of the Code and not as an asset of any Trust REMIC created pursuant to this Agreement. The beneficial owners of the Supplemental Interest Trust are the Class X Certificateholders. For federal income tax purposes, Net Swap Payment Amounts and Swap Termination Payments payable to the Swap Provider shall be deemed to be paid to the Supplemental Interest Trust first, by the Holder of the Class X Certificates and second, other than any Defaulted Swap Termination Payment, from the Upper-Tier REMIC by the Holders of the applicable Class or Classes of LIBOR Certificates as and to the extent provided in Section 8.14. Any Basis Risk Carry Forward Amounts (defined solely for this purpose as any excess of monies received for such Distribution Date over the REMIC Cap) distributed by the Securities Administrator to the LIBOR Certificateholders shall be accounted for by the Securities Administrator, for federal income tax purposes, as amounts paid first to the Holders of the Class X Certificates and (to the extent remaining after payments to the Swap Provider) then to the respective Class or Classes of LIBOR Certificates. In addition, the Securities Administrator shall account for the rights of Holders of each Class of LIBOR Certificates to receive payments of Basis Risk Carry Forward Amounts (defined solely for this purpose as any excess of monies received for such Distribution Date over the REMIC Cap) from the Supplemental Interest Trust (along with Basis Risk Carry Forward Amounts (defined solely for this purpose as any excess of monies received for such Distribution Date over the REMIC Cap) payable from the Excess Reserve Fund Account) as rights in a separate limited recourse interest rate cap contract written by the Class X Certificateholders in favor of Holders of each such Class.
The Securities. Intermediary [Address] Fax: Attention: Re: _____ Treasury Units of Scottish Annuity & Life Holdings, Ltd. (the "Company") The securities account of _____, as Collateral Agent, maintained by the Securities Intermediary and designated "__, as Collateral Agent of Scottish Annuity & Life Holdings, Ltd., as pledgee of ______, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders" (the "Collateral Account") Please refer to the Pledge Agreement dated as of _____, 200__ (the "Pledge Agreement"), among the Company, you, as Securities Intermediary, Custodial Agent and Collateral Agent and _____, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units from time to time, and the undersigned, as Collateral Agent. Capitalized terms used herein but no defined shall have the meaning set forth in the Pledge Agreement. When you have confirmed that $ _____ Value of Notes or security entitlements with respect thereto has been credited to the Collateral Account by or for the benefit of _____, as Holder of Treasury Units (the "Holder"), you are hereby instructed to release from the Collateral Account $_____ Value of Treasury Securities or security entitlements thereto by Transfer to the Purchase Contract Agent. ------------------- as Collateral Agent Dated: By: ----------------------------- ----------------------------- Name: Title: 41 ---------------------------------- ---------------------------------- Name Social Security or other Taxpayer Identification Number, if any ---------------------------------- Address ---------------------------------- ---------------------------------- EXHIBIT E NOTICE OF CASH SETTLEMENT FROM COLLATERAL AGENT TO PURCHASE CONTRACT AGENT (Cash Settlement Amounts)
The Securities. DESCRIBED HEREIN HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. (iv) 7 CSA Management Inc. Suit▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ NOTICE OF SPECIAL MEETING OF SHAREHOLDERS Class A Non-Voting Shares and Class B Shares NOTICE IS HEREBY GIVEN that a special meeting (the "CSA Meeting") of holders of Class A non-voting shares and Class B shares (collectively, the "CSA Shares") in the capital of CSA Management Inc. ("CSA") will be held in the British Columbia Room, Mezzanine Level, of the Royal York Hotel, 100 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇ Monday, October 30, 2000 at the hour of 9:30 a.m. (Toronto time) for the purposes of:
The Securities. REPRESENTED HEREBY HAVE BEEN ACQUIRED PURSUANT TO REGULATION S OF THE SECURITIES ACT OF 1933, AS AMENDED (THE `ACT'), AND MAY NOT BE SOLD, MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE THEREWITH. IN ADDITION, NO HEDGING TRANSACTION MAY BE CONDUCTED WITH RESPECT TO THESE SECURITIES UNLESS SUCH TRANSACTIONS ARE IN COMPLIANCE WITH THE ACT."
The Securities means the property referred to in clause 2.1.4;
The Securities. A minimum of 2,000,000 and a maximum of 3,000,000 shares of common stock, $.001 par value per share ("Common Stock") at $.05 per share.
The Securities deposited pursuant to Section 2.02 are comprised of (1) the Securities set forth in Schedule A hereto, (2) any Treasury Securities which may be deposited as temporary reinvestment for sale proceeds pursuant to Section 3.02, and (3) additional deposits of Securities pursuant to the paragraph set forth above.