Qualified Securities. On and after the Initial Borrowing Date and prior to December 31, 2001, the United States Borrower will issue Qualified Securities (including the Senior Notes) generating in the aggregate gross cash proceeds of at least $500,000,000. ARTICLE VI NEGATIVE COVENANTS Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the United States Borrower (for itself and its Subsidiaries) covenants and agrees with the Lenders that:
Qualified Securities. Considering RSUs are not eligible for the stock option deduction under paragraph 110(1)(d) of the Income Tax Act (Canada), written notice is hereby given that the shares of Stock to be issued upon settlement of the RSUs are non-qualified securities for the purposes of paragraph 110(1)(d) of the Income Tax Act (Canada).
Qualified Securities. Considering PSUs are not eligible for the stock option deduction under paragraph 110(1)(d) of the Income Tax Act (Canada), written notice is hereby given that the shares of Stock to be issued upon settlement of the PSUs are non-qualified securities for the purposes of paragraph 110(1)(d) of the Income Tax Act (Canada).
Qualified Securities. Qualified Securities" means unencumbered securities that have an aggregate value of no less than Stipulated Loss Value, that when pledged to secure Genentech's PA Obligations as provided in Paragraph 5 have a maturity of three years or less and that evidence obligations of the United States Government.
Qualified Securities. All of the securities to be sold or issued under this Agreement are designated by the Company as non-qualified securities under subsection 110(1.4) of the Income Tax Act, R.S.C., 1985, c. 1 (5th Supp.).
