Securities equivalent to definition

Securities equivalent to means securities of an identical type, nominal value, description and amount to particular Securities the subject of a Securities Loan or, as the case may be, a utilisation under Clause 13 (including any certificates and other documents of or evidencing title to the same). If and to the extent that such Securities are partly paid and a call is made or have been converted, subdivided, consolidated, redeemed, made the subject of a takeover, merger, capitalisation issue, rights issue or similar, the Equivalent Securities shall be as accordingly determined by MLI
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Securities equivalent to means securities of an identical type, nominal value, description and amount to particular Securities the subject of a utilisation under this Clause 16 (including any certificates and other documents of or evidencing title to the same). If and to the extent that such Securities are partly paid and a call is made or have been converted, subdivided, consolidated, redeemed, made the subject of a takeover, merger, capitalisation issue, rights issue or similar, the Equivalent Securities shall be as accordingly determined by MLI
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Examples of Securities equivalent to in a sentence

  • Securities equivalent to the amount withheld shall be deposited with the District or with a state or federally chartered bank in California as the escrow agent.

  • The Custodian may decline, however, to transfer such amount of such Securities equivalent to all fees and other sums owing by the applicable Fund to the Custodian, and the Custodian shall have a charge against and security interest in such amount until all monies owing to it have been paid or escrowed to its satisfaction.

  • The initial Conversion Rate is 156.8627 shares of Common Stock per $1,000 Principal Amount of Securities (equivalent to a conversion price of $6.375), subject to adjustment in certain events described in the Indenture.

  • The Securities are general unsecured obligations of the Company limited to $200,000,000 principal amount (or if the Securities of this series are to be Original Issue Discount Securities, such principal amount as shall result in an aggregate initial offering price of Securities equivalent to not more than $200,000,000).

  • The initial Conversion Rate is 264.0264 shares of Common Stock per $1,000 Principal Amount of Securities (equivalent to a conversion price of $3.79 (the “Conversion Price”)), subject to adjustment in certain events described in the Indenture.

  • The Holder of any Security has the right, exercisable at any time prior to 5:00 p.m., New York City time, on March 15, 2030, to convert the principal amount thereof (or any portion 104 thereof that is an integral multiple of $27) into shares of Capital Stock at the initial conversation rate of 0.73 shares of Capital Stock for each $27 in aggregate principal amount of Securities (equivalent to a conversion price of $37 per share of Capital Stock of the Company).

  • The Conversion Rate is initially 16.0229 shares of Common Stock per $1,000 Principal Amount of Securities (equivalent to a conversion price of $62.41), subject to adjustment in certain events described in the Indenture.

  • The initial Conversion Rate is 166.6667 shares of Common Stock per $1,000 principal amount of Securities (equivalent to a Conversion Price of approximately $6.00), subject to adjustment in certain events described in the Indenture.

  • The initial Conversion Rate is [•] shares of Common Stock per $1,000 principal amount of Securities (equivalent to a Conversion Price of approximately $[•])5, subject to adjustment in certain events described in the Indenture.

  • The Holder of any Security has the right, exercisable at any time prior to 5:00 p.m., New York City time, on March 15, 2030, to convert the principal amount thereof (or any portion 102 6 thereof that is an integral multiple of $27) into shares of Capital Stock at the initial conversation rate of 0.73 shares of Capital Stock for each $27 in aggregate principal amount of Securities (equivalent to a conversion price of $37 per share of Capital Stock of the Company).