Common use of Private Placement Procedures Clause in Contracts

Private Placement Procedures. If Party B is unable to comply with the provisions of “Covenant of Party B” above because of a change in law or a change in the policy of the Securities and Exchange Commission or its staff, or Party A otherwise determines that in its reasonable opinion any Settlement Shares to be delivered to Party A by Party B may not be freely returned by Party A to securities lenders as described under “Covenant of Party B” above, then delivery of any such Settlement Shares (the “Restricted Shares”) shall be effected pursuant to clause (i) below, unless waived by Party A.

Appears in 11 contracts

Samples: Letter Agreement (American Capital Strategies LTD), Letter Agreement (American Capital Strategies LTD), Letter Agreement (American Capital Strategies LTD)

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Private Placement Procedures. If Party B is unable to comply with the provisions of “Covenant of Party B” above because of a change in law or a change in the policy of the Securities and Exchange Commission or its staff, or Party A otherwise determines that in its reasonable opinion any Settlement Shares to be delivered to Party A by Party B may not be freely returned by Party A or its affiliates to securities lenders as described under “Covenant of Party B” above, then delivery of any such Settlement Shares (the “Restricted Shares”) shall be effected pursuant to clause (i) belowAnnex A hereto, unless waived by Party A.

Appears in 4 contracts

Samples: Regency Centers Corp, Regency Centers Corp, Piedmont Natural Gas Co Inc

Private Placement Procedures. If Party B is unable to comply with the provisions of "Covenant of Party B" above because of a change in law or a change in the policy of the Securities and Exchange Commission or its staff, or Party A otherwise determines that in its reasonable opinion any Settlement Shares to be delivered to Party A by Party B may not be freely returned by Party A to securities lenders as described under "Covenant of Party B" above, then delivery of any such Settlement Shares (the "Restricted Shares") shall be effected pursuant to clause (i) below, unless waived by Party A.

Appears in 3 contracts

Samples: Letter Agreement (American Capital Strategies LTD), Underwriting Agreement (American Capital Strategies LTD), American Capital Strategies LTD

Private Placement Procedures. If Party B is unable to comply with the provisions of “Covenant of Party B” above because of a change in law or a change in the policy of the Securities and Exchange Commission SEC or its staff, or Party A otherwise determines that in its reasonable opinion any Settlement Shares to be delivered to Party A by Party B may not be freely returned by Party A or its affiliates to securities lenders as described under “Covenant of Party B” above, then delivery of any such Settlement Shares (the “Restricted Shares”) shall be effected pursuant to clause (i) belowAnnex A hereto, unless waived by Party A.A (“Private Placement Settlement”).

Appears in 2 contracts

Samples: American Equity Investment Life Holding Co, American Equity Investment Life Holding Co

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Private Placement Procedures. If Notwithstanding anything to the contrary contained in Section 9.11 of the 2002 Definitions, if Party B is unable to comply with the provisions of “Covenant of Party B” above because of a change in law or a change in the policy of the Securities and Exchange Commission or its staff, or Party A otherwise determines that in its reasonable opinion based on the advice of counsel any Settlement Shares to be delivered to Party A by Party B may not be freely returned by Party A or its Affiliates to securities lenders as described under “Covenant of Party B” above, then delivery of any such Settlement Shares (the “Restricted Shares”) shall be effected pursuant to clause (i) belowAnnex A hereto, unless waived by Party A.

Appears in 2 contracts

Samples: PNM Resources Inc, PNM Resources Inc

Private Placement Procedures. If Party B is unable to comply with the provisions of “Covenant of Party B” above because of a change in law or a change in the policy of the Securities and Exchange Commission or its staff, or Party A otherwise determines reasonably determines, based on advice of counsel, that in its reasonable opinion any Settlement Shares to be delivered to Party A by Party B may not be freely returned by Party A or its affiliates to securities lenders as described under “Covenant of Party B” above, then delivery of any such Settlement Shares (the “Restricted Shares”) shall be effected pursuant to clause (i) belowAnnex A hereto, unless waived by Party A.

Appears in 1 contract

Samples: Letter Agreement (VICI Properties L.P.)

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