Underlying Security definition

Underlying Security means a security issued or transferred, or to be issued or transferred, in accordance with the terms of a convertible security, an exchangeable security or a multiple convertible security;

Underlying Security or "Underlying Securities": With respect to any Series, the asset or assets identified in the Underlying Securities Schedule. The Underlying Securities for any Series or the related Trust shall not constitute Underlying Securities for any other Series or any other Trust.

Underlying Security means a security of a parent issuer issued or transferred, or to be issued or transferred, on the exchange of an exchangeable security.

Examples of Underlying Security in a sentence

• Subject to the above, all remaining fractions of an Underlying Security will be rounded down to the nearest whole number without any payment or compensation in lieu thereof.

• If a Special Warrantholder is not able to, or elects not to, combine Special Warrants so as to be entitled to acquire a whole number of Underlying Securities, the Special Warrantholder may not acquire a fractional Underlying Security on the deemed exercise of such Special Warrants, and, as a result, has the right to acquire only that number of Underlying Securities equal to the next lowest whole number of Underlying Securities and no cash will be paid in lieu of any fractional Underlying Security.

• Prices of the Underlying Security can fluctuate rapidly and may reflect unforeseeable events or changes in conditions.

• Where a Special Warrantholder is entitled to receive, as a result of the adjustments provided for in Section 4.1 or otherwise, on the deemed exercise of its Special Warrants a fraction of an Underlying Security, such right may only be exercised in respect of such fraction in combination with another Special Warrant or other Special Warrants which in the aggregate entitle the Special Warrantholder to receive a whole number of Underlying Securities.

• The Corporation shall not be required, upon issuance of the Underlying Securities pursuant to the Subscription Receipts or upon any adjustment in accordance with Article 7 hereof, to issue fractions of Underlying Securities to any Person or to issue certificates which evidence a fractional Underlying Security.

More Definitions of Underlying Security

Underlying Security or "Underlying Securities": With respect to any Series, the asset or assets Granted as part of the Trust for such Series or acquired (or, in the case of an agreement, entered into) by the Trustee for the benefit of the Holders of such Series, and, if and to the extent provided in the applicable Series Supplement, for the benefit of any Credit Support Provider, all as identified in the Schedule A to the related Series Supplement. The Underlying Securities for any such Series or the related Trust shall not constitute Underlying Securities for any other Series or any other Trust.

Underlying Security means, with respect to DR Linked Warrants and a Depositary Receipt, the security and any other property to which such Depositary Receipt relates.

Underlying Security means the class of Parity Securities in respect of which the payments made represent the highest proportion of the payment which would have been payable during the one-year period prior to, and including, the relevant Interest Payment Date.

Underlying Security means, with respect to ADR/GDR Linked Notes, the security and any other property to which such ADR/GDR relates;

Underlying Security means the security subject to being purchased or sold upon exercise of a call option or put option, or the security subject to delivery under a financial futures contract.

Underlying Security means a single Security and all Accretions in respect of that Security which corresponds to an Instalment Receipt, as varied, if at all, pursuant to the Instalment Receipts Deed.

Underlying Security means any of an Underlying Share and an Underlying Warrant;