Hybrid Instruments Clause Samples
A Hybrid Instruments clause defines the terms and conditions governing financial instruments that combine features of both debt and equity. In practice, this clause outlines how such instruments are structured, including details on interest payments, conversion rights, or participation in profits, and may specify triggers for conversion or redemption. Its core function is to provide clarity and legal certainty regarding the treatment and obligations associated with hybrid instruments, thereby reducing ambiguity and potential disputes between parties.
Hybrid Instruments. Set forth as Schedule II hereto is a true, correct and complete list of each Hybrid Instrument of the Guarantor and its Consolidated Subsidiaries outstanding as of the date hereof, specifying in each case the equity credit treatment given to each such Hybrid Instrument by S&P and/or ▇▇▇▇▇’▇ as of the Amendment No. 2 Effective Date.
Hybrid Instruments. Set forth as Schedule III hereto is a true, correct and complete list of each Hybrid Instrument of the Company and its Consolidated Subsidiaries outstanding as of the date hereof, specifying in each case the equity credit treatment given to each such Hybrid Instrument by S&P and/or ▇▇▇▇▇’▇ as of the Effective Date.
Hybrid Instruments. 31 SECTION 4.17 Sanctioned Persons; Anti-Corruption Laws; Patriot Act .................... 32 SECTION 4.18 EEA Financial Institutions .................................................................. 32
Hybrid Instruments. Set forth as Schedule 5.23 hereto is a true, correct and complete list of each Hybrid Instrument of the Borrower and its Subsidiaries outstanding as of the date hereof, specifying in each case the equity credit treatment given to each such Hybrid Instrument by S&P and/or Moody’s as of the Closing Date.