Blue Chip Swap definition
Blue Chip Swap means the acquisition, directly or indirectly (including through an intermediary), in Argentine Pesos of bonds or other debt or similar securities traded in Buenos Aires which also trade in foreign jurisdictions, and the subsequent sale of such securities, directly or indirectly (including through an intermediary), abroad in foreign currency.
Examples of Blue Chip Swap in a sentence
If payment in U.S. dollars as provided in this Section 3 is legally prevented in Argentina, Registered Holders of Warrants will be entitled to pay the Exercise Price directly to the Company, in Argentine Pesos in an amount equal to the Argentine Peso equivalent of the U.S. dollar Exercise Price of the Warrants determined on the Blue Chip Swap Rate on the business day preceding the payment date of the Exercise Price of the Warrants.
The Seller Representative shall have the right to consent (not to be unreasonably withheld or delayed) to any such Blue Chip Swap or other exchange transaction prior to its execution.