Preferred Shares Insurance Policy definition

Preferred Shares Insurance Policy means the Financial Guaranty Insurance Policy No. AB0823BE issued by the Insurer with respect to the Money Market Preferred Shares pursuant to the Preferred Shares Insurance Agreement, including any endorsement thereto.
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Preferred Shares Insurance Policy means the Preferred Shares Insurance Policy No. AB0780BE which guarantees the timely payment of dividends on certain of the Borrower's Preferred Shares and the payment of the aggregate liquidation preference on such preferred shares.
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Preferred Shares Insurance Policy means the Financial Guaranty Insurance Policy No. AB0823BE issued by the Credit Enhancer with respect to the Preferred Shares pursuant to the Preferred Shares Insurance Agreement, including any endorsement or amendment thereto.
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Examples of Preferred Shares Insurance Policy in a sentence

  • This Agreement, the Preferred Shares Insurance Policy and the Premium Letter sets forth the entire agreement between the parties with respect to the subject matter thereof, and this Agreement, the Preferred Shares Insurance Policy, and the Premium Letter supersede and replace any agreement or understanding that may have existed between the parties prior to the date hereof in respect of such subject matter.

  • As consideration for Ambac issuing the Preferred Shares Insurance Policy, the Issuer has agreed to pay Ambac a periodic premium, to reimburse Ambac for any amounts paid by Ambac under the Preferred Shares Insurance Policy and to indemnify or reimburse Ambac for certain liabilities, costs and expenses, all as more fully set forth herein.

  • Accordingly, the parties hereto desire to specify the conditions precedent to the issuance of the Preferred Shares Insurance Policy and any Increase Endorsement (as defined herein) thereto by Ambac and to provide for the indemnification of Ambac and certain other matters.

  • The Borrower shall notify Ambac and Moody's (so long as Xxxxx'x is rating the risk securing Ambac's obligations under the Loan Insurance Policy and the Preferred Shares Insurance Policy) five (5) Business Days prior to the effectiveness of any proposed amendment for which the consent of Ambac has not been sought.

  • Each of the parties hereto agrees and acknowledges that Ambac is relying on each of the Issuer's covenants contained herein, including, but not limited to, the covenant set forth in Section 2.2(g), in issuing the Preferred Shares Insurance Policy and that the breach of any such covenant, may result in foreseeable damages to Ambac including causing Ambac to be required to make payments under the Preferred Shares Insurance Policy.

  • The parties hereto acknowledge that this Agreement has been executed by Ambac, that this Agreement has been delivered by the parties hereto and that the Preferred Shares Insurance Policy have been issued and delivery received, all in the State of New York.

  • If the Auction Agent resigns or for any reason its appointment is terminated during any period that any Preferred Shares are outstanding or the Preferred Shares Insurance Policy is in effect, the Board of Directors shall use its best efforts promptly thereafter to appoint another qualified commercial bank, trust company or financial institution to act as the Auction Agent.

  • Ambac shall have received confirmation, satisfactory to it, that the risk secured by the Loans Insurance Policy constitutes an "AA" risk by S&P and the risk securing Ambac's obligations under the Loans Insurance Policy and the Preferred Shares Insurance Policy, collectively, constitutes an "Aa2" risk by Moody's.

  • Ambac shall have received confirmation, satisfactory to it, that the risk secured by the Preferred Shares Insurance Policy constitutes an "AA" risk by S&P and the risk securing Ambac's obligations under the Loans Insurance Policy and the Preferred Shares Insurance Policy, collectively, constitutes an "Aa2" risk by Moody's.

  • Notwithstanding the foregoing, for the purpose of calculating the Applicable Rate applicable to any Preferred Shares following a Failure to Deposit, the Fund shall be deemed to have paid the Auction Agent all amounts required pursuant to clauses (i) and (ii) above at any time that the Auction Agent has received such amounts from the Credit Enhancer pursuant to a draw on the Preferred Shares Insurance Policy, within the respective time periods described in subparagraph (e)(i) of this Section 2.

Related to Preferred Shares Insurance Policy

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Amended and Restated Certificate of Incorporation means the Amended and Restated Certificate of Incorporation of the Company, as in effect as of the Effective Date.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Series D Warrants means, collectively, the Series D Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Company Charter means the certificate of incorporation of the Company, as amended.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Pre-Funded Warrants means, collectively, the Pre-Funded Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Pre-Funded Warrants shall be exercisable immediately and shall expire when exercised in full, in the form of Exhibit A-2 attached hereto.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Series A Shares means the Company’s Series A Preferred Stock, par value $0.01 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.