Defaulted Securities definition

Defaulted Securities has the meaning set forth in Section 11.

Defaulted Securities has the meaning given to that term in Section 16(b) of this Agreement;

Defaulted Securities has the meaning ascribed thereto in Section 17(2);

Examples of Defaulted Securities in a sentence

• Distressed and Defaulted Securities Risk Investments in the securities of financially distressed issuers involve substantial risks, including the risk of default.

• If one or more of the Underwriters shall fail at the Closing Date to purchase the Securities which it or they are obligated to purchase under the Agreement (the “Defaulted Securities”), then you shall have the right, within 36 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth.

• If the aggregate amount of Defaulted Securities is more than one-tenth of the aggregate amount of the Securities to be purchased at the Closing Time, and arrangements satisfactory to the Underwriters and the Company for the purchase of such Defaulted Securities are not made within 36 hours after such default, this Agreement shall terminate without liability on the part of any non-defaulting Underwriters or the Company.

• If the number of Defaulted Securities exceeds 5% of the Offered Securities and the right to purchase the Defaulted Securities, as described above, is not exercised, the Underwriter or Underwriters which are able and willing to purchase shall be relieved of all obligations to the REIT on submission to the REIT of reasonable evidence of its or their ability and willingness to fulfill its or their obligations hereunder at the Closing Time or Over-Allotment Closing Time, as applicable.

• If no such arrangement has been made and the number of Defaulted Securities to be purchased by all Refusing Underwriters does not exceed 10% of the Subscription Receipts, the Continuing Underwriters will be obligated to purchase the Defaulted Securities on the terms set out in this Agreement in proportion to their obligations under this Agreement.

More Definitions of Defaulted Securities

Defaulted Securities shall have the meaning as defined in Section 10 of this Agreement.

Defaulted Securities has the meaning given to it in Section 26(b);

Defaulted Securities has the meaning given to it in Section 25(b); "distribution" has the meaning given to it in the Securities Act (Ontario);

Defaulted Securities means any Securities in respect of which an insolvency event or another event contractually indicated as event of default by the relevant issuer has occurred and is continuing pursuant to the relevant terms and conditions.

Defaulted Securities has the meaning given to it in Section 23.1; “distribution” has the meaning given to it in the Securities Act (Quebec); “Environmental Laws” has the meaning given to it in Section 8.42;

Defaulted Securities has the meaning given to that term in Section Error! Reference source not found. of this Agreement;

Defaulted Securities has the meaning given to such term in Section 3.3(a).