Eligible Securities. (a) Positions in the following eligible equity and fixed income security types ("ELIGIBLE SECURITIES") are covered under the Committed Facility Agreement:
i. common stock traded on the following U.S. exchanges: the New York Stock Exchange, NASDAQ, NYSE Arca, and NYSE MKT;
ii. non-USD common stock, provided such stock is (A) listed in the FTSE All-World Index, (B) traded on a major exchange in one of the following countries: Canada, United Kingdom, France, Germany, Switzerland, Austria, Spain, Italy, The Netherlands, Finland, Belgium, Japan, Australia, or Portugal and (C) denominated in one of the following currencies: CAD, GBP, EUR, JPY, CHF, AUD or SEK; or
iii. non-convertible and convertible preferred securities and corporate bonds denominated in USD, provided such securities are issued by an issuer incorporated in one of the following countries: USA, Canada, United Kingdom, France, Germany, Switzerland, Austria, Spain, Italy, The Netherlands, Finland, Belgium, Japan, Australia, or Portugal.
(b) Notwithstanding the foregoing, the following will not be part of the collateral commitment and shall have no collateral value:
i. any security type not covered above, as determined by PBL in its sole discretion;
ii. any short security position;
iii. any security offered through a private placement or any restricted securities;
iv. any security that is not maintained as a book-entry security on a major depository, such as The Depository Trust Company, Euroclear, or Clearstream;
v. any securities that are municipal securities, asset-backed securities, mortgage securities or Structured Securities (notwithstanding the fact that such securities would otherwise be covered);
vi. to the extent 20% of the Eligible Collateral's Current Market Value consists of non-investment grade corporate bonds and/or preferred securities (for the avoidance of doubt, unrated securities are considered to be non-investment grade), any non-investment grade corporate bonds and preferred securities in excess of such 20%; and
vii. to the extent 30% of the Eligible Collateral's Current Market Value consists of non-USD securities (whether common stock, preferred securities, or corporate bonds), any non-USD securities in excess of such 30%.
Eligible Securities. 3.1 The Client acknowledges that the Client will only be able to trade on the China Connect Securities as prescribed by the China Connect Rules, any other Applicable Regulations, and/or other regulations as stipulated by WLSL in its sole discretion from time to time. The Client further acknowledges that apart from China Connect Securities, the Client may not be able to trade other securities listed on the China Connect Markets, or subscribe for shares or other types of securities from initial public offerings on the China Connect Markets.
3.2 The Client acknowledges that the China Connect Rules may impose restrictions on the acquisition, disposal and/or holding of any China Connect Securities or any entitlements thereof at any time, and there may be instances where the Client will not be able to acquire, hold or dispose of China Connect Securities or any entitlements thereof due to changes in the status of the China Connect Securities, the suspension or closure (whether temporary or permanent) of the China Stock Connect, other reasons prescribed under the China Connect Rules, any Applicable Regulations and/or other regulations as stipulated by WLSL in its sole discretion at any specific time. The Client is required to observe and comply with the same in respect of the acquisition, disposal and/or holding of any China Connect Securities from time to time.
3.3 WLSL and its Associates shall not be liable for the Client’s inability, or delay or restriction in the Client’s ability, to acquire, dispose of or hold any China Connect Securities; any shares or other types of Securities from an issuer of China Connect Securities as entitlement securities; or any other types of Securities in any circumstances.
3.4 WLSL shall be under no duty to investigate, participate in or take affirmative action concerning proxies received, attendance at meetings and voting in respect of China Connect Securities, except in accordance with Instructions from the Client and upon acceptance by WLSL of such Instructions. WLSL shall be entitled to charge the Client for taking any action pursuant to the Client’s Instructions.
3.5 The Client acknowledges that margin trading in China Connect Securities (including SSE Securities and SZSE Securities) via the China Stock Connect, and the type(s) or category(ies) of China Connect Securities available for margin trading, are subject to the China Connect Rules, any other relevant regulations, and/or stipulations by WLSL in its sole discretion fro...
Eligible Securities. The securities that are eligible for trading by the Firm in your Account is determined by the Firm in its sole discretion. The types of securities supported by the Firm from time to time are described in the FAQ section of the Firm’s Website. Additional fees may apply for certain securities, including options, warrants, OTC securities or mutual funds, as set out in the WSII Fee Schedule.
Eligible Securities. As to each Eligible Security included in the Borrowing Base on the date of this Agreement, on a Funding Date and on each date on which Collateral Value is determined, Borrower shall be deemed to make the following representations and warranties to each of Lender and Agent as of such date (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part II to this Schedule 1). With respect to any representations and warranties made to the best of Borrower's knowledge or actual knowledge, in the event that it is discovered that the circumstances with respect to the related Eligible Security are not accurately reflected in such representation and warranty notwithstanding the knowledge or lack of knowledge of Borrower, then, notwithstanding that such representation and warranty is made to the best of Borrower's knowledge, the Collateral Value of such Eligible Security may be redetermined by Agent acting in good faith (which redetermination may result in a Collateral Value of zero) in light of such inaccuracy.
Eligible Securities. (a) Positions in the following eligible equity and fixed income security types (“Eligible Securities”) are covered under the Agreement to the extent that BNPP has a security interest acceptable to it in such positions:
i. USD common stock, master limited partnership interests or REITs traded on the New York Stock Exchange, NASDAQ, NYSE Arca or NYSE Amex Equities;
ii. convertible and non-convertible corporate debt securities or preferred securities, provided that such securities are denominated in USD (“Debt Securities”);
iii. US Treasury debt obligations with a maturity of less than 30 years (“Treasuries”); and
iv. USD and non-USD common stock, provided such stock is (A) listed in the FTSE All-World Index, (B) traded on a Major Exchange in any country listed in the Eligible Country Table provided in Section 2(b) below, and (C) denominated in any currency listed in the Eligible Currency Table provided in Section 2(c) below. (together with Eligible Securities specified in Section 2(a)(i) above, “Equity Securities”).
Eligible Securities. 1 1.3 Person .............................................................. 2 1.4
Eligible Securities. 14.1 Dowgate will notify Participants of details of eligible securities from time to time and will display a list of eligible securities on the website.
14.2 Participants will be permitted to trade in all securities for which they have valid clearing arrangements, as set out in the Rulebook.
Eligible Securities. Seller has and, as of the Closing Date, will have good, valid and marketable title to the Eligible Securities free and clear of all Liens, except as set forth in Section 4.19 of the Seller Disclosure Schedule. Except as contemplated hereby, Seller has not sold, transferred, hypothecated or otherwise disposed of all or any portion of the Eligible Securities. Seller has the full right to sell the Eligible Securities to Purchaser hereunder.
Eligible Securities. The securities that are eligible for trading by the Firm in your Account is determined by the Firm in its sole discretion. The types of securities supported by the Firm from time to time are described in the FAQ section of the Firm’s Website. For greater certainty, the Firm in its sole discretion may determine that any security that it has previously determined is eligible for trading is no longer eligible for trading. Additional fees may apply for certain securities, including options, warrants, OTC securities or mutual funds, as set out in the WSII Fee Schedule. The Firm may determine in its sole discretion that a security is no longer eligible for fractional trading. If the Firm makes such a determination, you acknowledge and agree that the Firm may liquidate any fractional holding of such security in your Account. The Firm is not responsible for any loss from such liquidation.
Eligible Securities. (a) Equity Securities covered under the Committed Lending Agreement (“Eligible Equity Securities”) must:
(i) be Equity Securities where the relevant Issuer has a current market capitalization of at least USD 1,000,000,000;
(ii) be USD denominated;
(iii) be traded on any of the New York Stock Exchange, NYSE MKT, NYSE Arca or NASDAQ; and
(iv) when aggregated with all other positions of the same Equity Security beneficially owned by Customer (whether with Scotia or otherwise), not result in Customer and its affiliates becoming the beneficial owner, directly or indirectly, of more than nine (9) percent of the outstanding float of such Equity Security.
(b) Debt Securities covered under the Committed Lending Agreement (“Eligible Debt Securities” and together with Eligible Equity Securities, “Eligible Securities”) must:
(i) be USD denominated;
(ii) have a long-term credit rating of at least (i) CCC+ by S&P or (ii) Caa1 by Xxxxx’x;
(iii) have a current market price of at least 70% of par;
(iv) be part of an issuance of at least USD 100 million; and
(v) not be issued by an Issuer who is in default.
(c) Notwithstanding the foregoing, the following will not be part of the commitment in the Committed Lending Agreement and shall not be Eligible Equity Securities or Eligible Debt Securities:
(i) any security that is not capable of being valued by Scotia on a daily basis through its internal or external pricing sources;
(ii) any security type not covered above, as determined by Scotia in its sole discretion;
(iii) any short security position;
(iv) any security offered through a private placement or any restricted securities (excluding, for the purposes of this sub-clause, corporate debt or preferred securities offered under Rule 144A of the Securities Act of 1933, as amended);
(v) any commodity positions;
(vi) any security over which Scotia does not have a first-priority perfected security interest;
(vii) any derivatives (including, without limitation, warrants);
(viii) any exchange-traded-funds that represent leveraged or short exposure to their reference index or sector;
(ix) any securities that are municipal securities, catastrophe bonds, asset-backed securities, mortgage securities, Payment-in-Kind Securities or Structured Securities (notwithstanding the fact that such securities would otherwise be covered), which, for the avoidance of doubt, shall not include any depository receipts;
(x) to the extent that any Aggregate Position in an Equity Security has a Days of T...
