Back Transaction definition
Examples of Back Transaction in a sentence
Each Transaction shall be identified at the time it is entered into and in the relevant Confirmation as either a Repurchase Transaction or a Buy/Sell Back Transaction.
In the case of a Buy/Sell Back Transaction, the Confirmation delivered in accordance with Paragraph 3 of the Agreement may consist of a single document in respect of both of the transfers of funds against Securities which together form the Buy/Sell Back Transaction or separate Confirmations may be delivered in respect of each such transfer.
The parties shall record the Pricing Rate in at least one Confirmation applicable to that Buy/Sell Back Transaction.
Sell Back Transaction shall be effected on the Repurchase Date by transfer to Seller or its agent of Purchased Securities against the payment by Seller of (i) in a case where the Repurchase Date is the date originally agreed to by the parties pursuant to Paragraph 2(q) of the Agreement, the Sell Back Price referred to in Paragraph 4(c)(i) of this Annex; and (ii) in any other case, the Sell Back Price referred to in Paragraph 4(c)(ii) of this Annex.
The Company and any Subsidiary may guarantee any Lien created, incurred or assumed and any Sale and Lease Back Transaction consummated, in each case, in compliance with the terms described in this paragraph.
The Borrower shall not, and shall not permit any other Restricted Person to, directly or indirectly, enter any Sale and Lease Back Transaction.
The Borrower will not, nor will it permit any Subsidiary to, enter into any Sale and Lease Back Transaction.
In the event that the Securities in a Repurchase Transaction or Buy/Sell Back Transaction are securities issued by a Thai company and traded in Thailand, the following provisions shall apply.
After receiving such notice from the Agent each of the Banks shall separately enter into a Buy/Sell Back Transaction with the Company under its Master Repurchase Agreement representing its specified pro-rata share of the transaction requested by the Company in the Funding Request Notice.
Onconova shall deliver written notice to the Company and GVK BIO to exercise the Buy Back Option and, within ** days of receipt of such notice, the Company shall enter into such documents as Onconova deems reasonably necessary to complete the Buy Back Transaction.