Identified Securities Sample Clauses

Identified Securities. The parties hereto acknowledge that no security entitlement under the UCC shall exist with respect to any financial asset held in the Securities Account which is registered in the name of the Customer, payable to the order of the Customer, or specially indorsed to the Customer or any third party (each such asset an “Identified Security”), except to the extent such Identified Security has been specially indorsed by the Customer to Custodian or in blank. The Customer covenants and agrees that it shall not instruct the Custodian to credit Collateral (except cash) to the Securities Account unless such Collateral is registered in the name of the Custodian, indorsed to the Custodian or in blank or credited to another securities account maintained in the name of the Custodian and that in no case will any Collateral or underlying financial asset credited to the Securities Account be registered in the name of the Customer, payable to the order of the Customer or specially indorsed to the Customer, except to the extent such Collateral has been further indorsed to the Custodian or in blank. The parties acknowledge and agree that if any Identified Securities are received by the Custodian and credited to the Securities Account from time to time, such Identified Securities shall (so long as so credited to the Securities Account and so long as this Agreement remains in effect) be held by Custodian for the benefit of the Agent, not in its capacity as a securities intermediary, but in its capacity as a collateral agent under and subject to the terms of this Agreement.
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Identified Securities. (i) Within three (3) Business Days following the delivery of the PrinceRidge Securities Valuation Statement, IFMI shall have the opportunity to deliver a notice to the PrinceRidge Entities identifying for liquidation all or any portion of the Eligible Securities listed among the Valuation PrinceRidge Securities included on the PrinceRidge Securities Valuation Statement (the “PrinceRidge Identified Securities”); provided, that the value of such PrinceRidge Identified Securities, as set forth on the PrinceRidge Securities Valuation Statement, shall not exceed Six Million Dollars ($6,000,000) in the aggregate, which amount shall be reduced by the liquidation value of any Suggested Securities identified on a PrinceRidge Securities FMV Statement that are liquidated prior to April 30, 2011. During the forty-five (45) days following receipt of such notice from IFMI (the “PrinceRidge Sale Period”), the PrinceRidge Entities shall liquidate the PrinceRidge Identified Securities. Whenever any of the PrinceRidge Identified Securities are sold during the PrinceRidge Sale Period, PrinceRidge shall immediately inform IFMI of such liquidation and the liquidation price (adjusted for any reduction in accrued or future compensation as a result of such liquidation in accordance with GAAP) shall be used to calculate the value of the PrinceRidge Identified Securities as of April 30, 2011 and to determine the Final PrinceRidge Membership Equity.
Sample 1

Related to Identified Securities

  • LOANED SECURITIES Income due to each Portfolio on securities or other financial assets loaned shall be the responsibility of the applicable Fund. The Custodian will have no duty or responsibility in connection with loaned securities or other financial assets, other than to provide the Fund with such information or data as may be necessary to assist the Fund in arranging for the timely delivery to the Custodian of the income to which the Portfolio is entitled.

  • Issued Securities All issued and outstanding shares of Common Stock, Preferred Stock or any other securities of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All outstanding shares of Common Stock, Preferred Stock and any other securities were issued in full compliance with all Federal and state securities laws. In addition:

  • After-Acquired Securities All of the provisions of this Agreement shall apply to all of the Shares and Common Stock Equivalents now owned or which may be issued or transferred hereafter to a Stockholder in consequence of any additional issuance, purchase, exchange or reclassification of any of such Shares or Common Stock Equivalents, corporate reorganization, or any other form of recapitalization, consolidation, merger, share split or share dividend, or which are acquired by a Stockholder in any other manner.

  • Excluded Securities The rights of first refusal established by this Section 4 shall have no application to any of the following Equity Securities:

  • Restricted Securities Owners The Company agrees to advise in writing each of the persons or entities who, to the knowledge of the Company, holds Restricted Securities that such Restricted Securities are ineligible for deposit hereunder (except under the circumstances contemplated in Section 2.14) and, to the extent practicable, shall require each of such persons to represent in writing that such person will not deposit Restricted Securities hereunder (except under the circumstances contemplated in Section 2.14).

  • Indebtedness; Certain Equity Securities (a) The Borrower will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

  • Issuances of Additional Partnership Securities (a) The Partnership may issue additional Partnership Securities and options, rights, warrants and appreciation rights relating to the Partnership Securities for any Partnership purpose at any time and from time to time to such Persons for such consideration and on such terms and conditions as the General Partner shall determine, all without the approval of any Limited Partners.

  • Securities On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company agrees to sell to each Underwriter, severally and not jointly, and each Underwriter, severally and not jointly, agrees to purchase from the Company, at the price set forth in Schedule B, the aggregate principal amount of Securities set forth in Schedule A opposite the name of such Underwriter, plus any additional principal amount of Securities which such Underwriter may become obligated to purchase pursuant to the provisions of Section 10 hereof.

  • Public Offering of the Offered Securities The Representative hereby advises the Company that the Underwriters intend to offer for sale to the public, on the terms set forth in the Registration Statement, the Time of Sale Prospectus and the Prospectus, their respective portions of the Offered Securities as soon after this Agreement has been executed and the Registration Statement has been declared effective as the Representative, in its sole judgment, has determined is advisable and practicable.

  • Issuance of the Capital Securities On [ ], the Depositor, both on its own behalf and on behalf of the Issuer Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2, 5.3 and 8.9(a) and deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters or a representative thereof, evidencing [ ] Capital Securities having an aggregate Liquidation Amount of $ [ ], against receipt of the aggregate purchase price for such Capital Securities of $ [ ] by the Property Trustee.

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