Default Securities definition

Default Securities means the number of outstanding Securities directly or indirectly owned or controlled by a Defaulting AHG Shareholder.
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Default Securities means the number of outstanding Securities directly or indirectly owned or controlled by a Defaulting AHG Shareholder. “Defaulting AHG Shareholder” has the meaning given in Clause 22.2.
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Default Securities has the meaning given to such term in Section 1.2(c) hereof.
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Examples of Default Securities in a sentence

  • Default Securities The Securities representing the amount of any shortfall between the net subscription money transferred to the Issuer and the amount of money received in the billing and delivery process in respect of the Securities.

  • If the Defaulting Party fails to complete the sale of any of the Default Securities, the Directors may do anything on behalf of the Defaulting Party that it has failed to do.

  • Notwithstanding the above, the Underwriting Commission with respect to any Default Securities shall be paid to the Non-Defaulting Manager(s) and calculated as the Commission Percentage of the principal amount of the Default Securities respectively purchased by each Non-Defaulting Manager.

  • Each Manager agrees and covenants with the Issuer that if any Manager is required to purchase the Default Securities in accordance with clause 4.3 above, such purchase will be in compliance with all applicable laws and regulations.

  • Upon receipt of the Default Notice, the Non-Defaulting Manager(s) shall purchase all the Default Securities and pay or cause to be paid to the Issuer the subscription moneys for all the Default Securities in accordance with clause 4.2 (Payment).

  • If the Defaulting Party and the Board cannot agree on the cash sale price per Default Security within that period, the Board must obtain an independent valuation of the Default Securities under clause 17.


More Definitions of Default Securities

Default Securities has the meaning given to that term in Section 19 of this Underwriting Agreement;
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Default Securities has the meaning assigned thereto in Section 2(a) hereof.
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Default Securities means the aggregate number of Default Shares and Default Warrants issuable to the Purchasers upon the occurrence of an Event of Default under the Note.
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Related to Default Securities

  • Exempt Securities has the meaning set forth in Section 4.4(d).

  • relevant securities means Ordinary Shares and securities carrying conversion or subscription rights into Ordinary Shares;

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Compliant Securities means securities issued by UBS Group AG or any of its subsidiaries that have economic terms not materially less favourable to a Holder than these Terms and Conditions (as reasonably determined by the Issuer), provided that

  • Specified Securities means ‘equity shares’ and ‘convertible securities’ as defined under clause (zj) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

  • Redemption Securities means any debt or equity securities of the Corporation, any Subsidiary or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to the Corporation), has a value, at the time notice of redemption is given pursuant to paragraph (d) of this Section 5, at least equal to the Fair Market Value of the shares to be redeemed pursuant to this Section 5 (assuming, in the case of Redemption Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity).

  • Exempted Securities means:

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Purchaser Securities means the Purchaser Shares, Purchaser Rights, Purchaser Units, Purchaser Warrants, collectively.

  • Investment Securities means any of the following:

  • Subject Securities means: (a) all securities of the Company (including all shares of Company Common Stock and all options, restricted stock units, warrants and other rights to acquire shares of Company Common Stock) Owned by Stockholder as of the date of this Agreement; and (b) all additional securities of the Company (including all additional shares of Company Common Stock and all additional options, restricted stock units, warrants and other rights to acquire shares of Company Common Stock) of which Stockholder acquires Ownership during the Voting Period.

  • Excess Securities means the Corporation Securities which are the subject of the Prohibited Transfer.

  • Refused Securities has the meaning ascribed to such term in Section 4.1(c)

  • Qualified Securities means securities of a reporting issuer that carry the right to participate in voting on the appointment or removal of the reporting issuer’s auditor;

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Series A Securities means the Company's 10.01% Series A Junior Subordinated Deferrable Interest Debentures due March 15, 2027, as authenticated and issued under this Indenture.

  • Replacement Securities means securities of the same issuer, class and denomination as Loaned Securities.

  • New Securities means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities.

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • Contract Securities means the Offered Securities, if any, to be purchased pursuant to the delayed delivery contracts referred to below.

  • Permitted Securities means any of the following:

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Deposit Securities means, as of any date, any United States dollar-denominated security or other investment of a type described below that either (i) is a demand obligation payable to the holder thereof on any Business Day or (ii) has a maturity date, mandatory redemption date or mandatory payment date, on its face or at the option of the holder, preceding the relevant payment date in respect of which such security or other investment has been deposited or set aside as a Deposit Security:

  • Liquid Securities means securities that are publicly traded on the New York Stock Exchange, the American Stock Exchange or the Nasdaq Stock Market and as to which the Company or any Restricted Subsidiary is not subject to any restrictions on sale or transfer (including any volume restrictions under Rule 144 under the Securities Act or any other restrictions imposed by the Securities Act) or as to which a registration statement under the Securities Act covering the resale thereof is in effect for as long as the securities are held; provided that securities meeting the foregoing requirements shall be treated as Liquid Securities from the date of receipt thereof until and only until the earlier of (a) the date on which such securities are sold or exchanged for cash or Cash Equivalents and (b) 180 days following the date of receipt of such securities. If such securities are not sold or exchanged for cash or Cash Equivalents within 180 days of receipt thereof, for purposes of determining whether the transaction pursuant to which the Company or a Restricted Subsidiary received the securities was in compliance with Section 4.11, such securities shall be deemed not to have been Liquid Securities at any time.