New Security definition

New Security means the establishment of a position which is not currently held by a client portfolio on the day the position is established.

New Security has the meaning set forth in Section 4.21(a).

New Security means any Company Securities issued by the Company after the Closing other than (i) any securities issuable upon conversion of any convertible Company Security outstanding as of the date of this Agreement, (ii) any securities issuable upon exercise of any option, warrant or other similar Company Security authorized as of the date of this Agreement and (iii) any securities issuable in connection with any stock split, stock dividend or recapitalization of the Company where such securities are issued to all stockholders of the Company on a proportionate basis.

Examples of New Security in a sentence

• All obligations of the Company and the Guarantors set forth in the preceding paragraph that are outstanding with respect to any Security at the time such Security is exchanged for a New Security shall survive until such time as all such obligations with respect to such Security have been satisfied in full.

• All obligations of the Company and the Guarantor set forth in the preceding paragraph that are outstanding with respect to any Security at the time such Security is exchanged for a New Security shall survive until such time as all such obligations with respect to such Security have been satisfied in full.

• If the Company proposes to issue any New Securities, the Company shall, at least 20 days prior to consummating the issuance of the New Securities, give written notice (the “Company Notice”) to the Shareholders, stating the number of New Securities, the price per New Security, the terms of payment and all other terms and conditions on which the issuer proposes to make such issuance.

• All obligations of the Company set forth in the preceding paragraph that are outstanding with respect to any Security at the time such Security is exchanged for a New Security shall survive until such time as all such obligations with respect to such Security have been satisfied in full.

• Without the consent of Payee, Maker shall not consummate any New Financing regarding a New Security that is common stock of Maker or a security convertible into common stock of Maker for less than the Minimum Conversion Price.

More Definitions of New Security

New Security shall not include (i) any securities issuable upon conversion of any convertible Equity Security, (ii) any securities issuable upon exercise of any option, warrant or other similar Equity Security or (iii) any securities issuable in connection with any stock split, stock dividend or recapitalization of the Company where such securities are issued to all stockholders of the Company on a pro rata basis.

New Security has the meaning specified in Section 4.10.

New Security means any standard security over the Property or any part thereof other than (1) the Standard Security and (2) any standard security specifically referred to in the Ranking Agreement;

New Security or “New Securities” has the meaning set forth in Section 5.1;

New Security shall have the meaning set forth in Section 4(b) hereof.

New Security has the meaning ascribed to such term in Section 4(a).

New Security means any Equity Security issued by the Company after the Closing; provided that "New Security" shall not include (i) any securities issuable upon conversion of any convertible Equity Security, (ii) any securities issuable upon exercise of any option, warrant or other similar Equity Security or (iii) any securities issuable in connection with any stock split, stock dividend or recapitalization of the Company where such securities are issued to all stockholders of the Company on a pro rata basis. "Non-Investor Directors" is defined in Section 4.01. "Notes to Pro Forma Financial Statements" is defined in Section 3.01(g)(iii). "Offer Conditions" is defined in Section 8.07(a). "Offer Documents" is defined in Section 8.07(b). "Other Holders" means the holders of the Other Shares. "Other Shares" means Voting Securities not Beneficially Owned by Purchaser or its Affiliates. "Permit" is defined in Section 3.01(c)(i). "Permitted Liens" shall mean those Liens (A) securing debt that is reflected on the Balance Sheet or the notes thereto or securing debt incurred as part of the Proposed Financings, (B) referred to in Schedule 3.01(l), (C) for Taxes not yet due or payable or being contested in good faith and for which adequate reserves have been established in accordance with GAAP, (D) that constitute mechanics', carriers', workmens' or like liens, liens arising under original purchase price conditional sales contracts and equipment leases with third parties entered into in the ordinary course, (E) Liens incurred or deposits made in the ordinary course of business consistent with past practice in connection with workers' compensation, unemployment insurance and social security, retirement and other legislation and (F) easements, covenants, declarations, rights of way, encumbrances, or similar restrictions in connection with real property owned by certain of the Retained Subsidiaries that do not materially impair the use of such real property by such Retained Subsidiaries, and in the case of Liens described in clauses (B), (C), (D), (E) or (F) that, individually or in the aggregate, would not have a Material Adverse Effect on the Retained Companies, taken as a whole. "Permitted Options" is defined in Section 4.02(a)(i). "Permitted Securities Transaction" is defined in Section 4.02(b)(ii). B-36