FINANCIAL SECURITIES. Capital securities issued by joint stock companies
FINANCIAL SECURITIES. Capital securities issued by joint stock companies A share is a financial security which represents a fraction of the capital in the company that has issued it and the possession of which confers rights over the company that issued said securities (voting rights in annual general meeting; right to receive every year the share of profit distributed by the company (dividend); preferential subscription right as applicable). There are other categories of shares such as preference shares which enjoy a priority dividend over other types of shares but which do not confer any voting right, as well as investment certificates which include entitlement to profit and dividends but no voting right. The value of a share may be affected by the status of the issuing company itself hence the importance for investors to take cognisance of information published periodically by the company. Shares may be listed on so-called regulated or unregulated markets (the latter do not offer the same guarantees in terms of information, liquidity or security). A listed share may see its value impacted by market fluctuations; its price may therefore vary upwards as well as downwards, by a substantial amount; equity investment presents a risk of capital loss. Investors may also be faced with liquidity problems (i.e. the absence of counterparties on the market) which will not allow them to sell or buy the desired quantity of securities at the desired price. Debt securities - Bonds Bonds are debt securities representing a portion of loan issued by a Government, local authority, Bank, public or private business. They are characterised by a nominal amount (issue value), an interest rate and conditions for issuance and reimbursement. A bond is usually reimbursed at maturity. However, in the event of major financial difficulties, a private issuer may be unable to repay its loan. It should be noted that Government bonds, as for Treasury bonds issued by the French State are guaranteed for reimbursement. A bond-holder periodically receives interest calculated in relation to the face value of the bond. If it is a fixed-interest bond, the issuer pays out a regular income; if it is a floating rate note, the issuer will pay out an income which will depend on market fluctuations. - Short-term (XXX XX Negotiable EUropean Commercial Paper) or medium-term (NEU MTN - Negotiable EUropean Medium Term Note) marketable securities Short-term and medium-term marketable securities may be issued by credit insti...
FINANCIAL SECURITIES. 17.1 For the proper execution of the obligations under this Agreement, Tele2 may, after having performed a credit control, request the Access Seeker to provide an instrument for financial collateral, such as a bank guarantee, prior to signing this Agreement. Requests for financial collateral must be based on objective criteria.
17.2 The requested collateral should be proportionate to the circumstances and forecasts of traffic volume (including geographical nature) at the time of requesting the collateral. A Party is entitled to request additional collateral during the term of the Agreement, if that Party considers that the conditions have changed, e.g. by the other Party's estimated forecasts under the agreement increase or its financial position deteriorates.
FINANCIAL SECURITIES. (a) Without prejudice to Clause 2.1 (Pledged Account) above and subject to the provisions of Clauses 2.3 (Income and Proceeds) and 7 (Enforcement) below, in this Agreement:
(i) any financial securities for any reason whatsoever substituted, or added to, for the Financial Securities, including any and all Cash Amounts, whatever their nature, relating to such financial securities or resulting therefrom, in accordance with the provisions of article L.211-20 of the French Monetary and Financial Code (Code monétaire et financier); and
(ii) more generally, any shares or other financial securities attributed to, and any additional shares or other financial securities acquired by, the Pledgor and constituting ownership interests in the Company or any legal entity resulting from the conversion or merger of the Company or any similar operation, shall automatically be deemed to be part of the Financial Securities for the purposes of this Agreement and shall be promptly credited to (i) the Pledged Securities Account in respect of any Eligible Financial Securities held by the Pledgor and (ii) the Pledged Bank Account in respect of any Cash Amounts without any such operation constituting in any manner a novation of the rights and security granted to the Beneficiaries under this Agreement. The Pledgor shall use its best endeavours that the Account Holder and the Bank Account Holder sign all documents and take all action reasonably necessary to confirm the same in favour of the Beneficiaries.
(b) The Administrative Agent (acting in the name and on behalf, and on the instruction, of the Beneficiaries) shall be entitled to request, in accordance with the provisions of article L.211-20, I of the French Monetary and Financial Code (Code monétaire et financier), the delivery from the Account Holder, at any time, of a Certification of Pledge itemising the Shares and, if applicable, the Eligible Financial Securities recorded in the Pledged Securities Account at the date of such certificate.
(c) The Pledgor shall not be entitled to replace or substitute all or part of its Financial Securities except (i) as authorised or not prohibited under the Loan Documents or this Agreement or (ii) with the prior written consent of the Administrative Agent (acting in the name and on behalf, and on the instruction, of the Beneficiaries) (not to be unreasonably withheld or delayed).
(d) The Beneficiaries agree that the Pledgor shall be entitled to exercise all voting rights attached to the Share...
FINANCIAL SECURITIES. Prior to the issuance of the first Above-Grade Building Permit for all or any part of the Development, the Tenant shall provide the City with:
FINANCIAL SECURITIES. If Item 14 of Schedule 1 specifies that the Organisation must provide a financial security, then:
(a) the Organisation must provide financial security for performance of this Agreement, in the amount specified in Item 14 of Schedule 1 and in accordance with the timeframe specified in that Item;
(b) the Organisation must ensure that the financial security provided under clause 6.6(a) remains valid and exercisable by the Commonwealth at all times until 20 Business Days after Practical Completion is achieved unless otherwise determined by the Commonwealth;
(c) the financial security must be:
(i) unconditional;
(ii) on terms satisfactory to the Commonwealth; and
(iii) from a Bank acceptable to the Commonwealth;
(d) the financial security will be released by the Commonwealth within 60 Business Days after the Completion Date or the earlier termination of this Agreement;
(e) the Commonwealth may, in its absolute discretion and without limiting its rights under this Agreement or otherwise, exercise its rights under the financial security:
(i) to obtain compensation for any loss, damage, cost, liability or expense incurred or suffered in the event that the Organisation fails to perform any or all of its obligations under this Agreement as and when they fall due, including upon termination of this Agreement under clause 18.1; or
(ii) to recover any debts due to the Commonwealth under or in relation to this Agreement;
(f) if the Commonwealth exercises any or all of its rights under the financial security provided under clause 6.6(a), the Commonwealth is not liable for, and the Organisation releases the Commonwealth from liability for, any resultant loss, damage, cost, expense or liability of or to the Organisation;
(g) the rights of the Commonwealth to recover from the Organisation the balance, after draw down or exercise of any rights under the financial security provided under clause 6.6(a), of all loss, damage, cost, expense or liability incurred or suffered by the Commonwealth are not limited by the Commonwealth’s exercise of any or all its rights under the financial security; and
(h) if the Commonwealth exercises any or all of its rights under the financial security provided under clause 6.6(a), the Commonwealth may, in its absolute discretion, require the Organisation to top up that financial security to the amount specified in Item 14 of Schedule 1.
FINANCIAL SECURITIES. The Galleria 2 Xxxxxx Xxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxxxx 00000 Attention: Dxxxx Xxxxxxxxxx Fax: [*] If to __________:
FINANCIAL SECURITIES. Mecaplast Management 1 has not offered any of its securities to the public and has not issued any equity securities or financial securities conferring access to its share capital, other than the shares described in the foregoing paragraph.
FINANCIAL SECURITIES. Mecaplast Management 2 has not offered any of its securities to the public and has not issued any equity securities or financial securities conferring access to its share capital, other than the shares described in the foregoing paragraph. The corporate purposes of Mecaplast Management 2, directly or indirectly, in France, are the following: - the acquisition, ownership, management and disposal (in any form whatever, in particular by assignment, contribution or universal transfer of assets and liabilities) of transferable securities issued by (i) Novares and/or (ii) any company directly or indirectly controlled by Novares, within the meaning of article L. 233-3 of the French Commercial Code, and/or by
FINANCIAL SECURITIES.
8.1 The Supplier must provide either a “Bank Guarantee” (Annex 3A), a “Parent Company Guarantee” (Annex 3B), a “Rating Declaration” (Annex 3C) or a Cash Deposit.
8.2 The Supplier may provide a Rating Declaration (Annex 3C) in the case that it has sufficient creditworthiness by a rating equal or higher than Baa3 Xxxxx’x or equivalent Standard & Poor’s or Fitch. TAG will review publicly available information about the financial situation of the Supplier. If a sufficient credit rating of the Supplier cannot be proven, Supplier must submit a “Bank Guarantee” (Annex 3A), a “Parent Company Guarantee” (Annex 3B) or a Cash Deposit.
8.3 In case the Supplier submits a written Bank Guarantee (Annex 3A) to TAG, the guarantor must be either an Austrian bank certified as a customs and tax guarantor or a bank with headquarters in the Member States of the European Union and have a Rating equal or higher than Baa3 Xxxxx'x or equivalent Standard & Poor’s or Fitch.
8.4 The Supplier may provide a Parent Company Guarantee in the case it is controlled directly by a Parent Company having sufficient creditworthiness equal or higher than A3 Xxxxx’x or equivalent Standard & Poor’s or Fitch.
8.5 The Supplier may provide a Cash Deposit in the amount of EUR 1,500,000 (one million five hundred thousand) (“Cash Deposit”) for a quicker proceeding or in case a Guarantor’s or Parent Company’s rating does not comply with the minimum requirements as laid down in Article 8.2 to Article 8.
