Called Securities definition
Examples of Called Securities in a sentence
In connection with any such arrangement for purchase and conversion, the Trustee as Paying Agent shall pay on or after the Redemption Date such amounts so deposited by the purchasers in exchange for Called Securities surrendered for redemption prior to the close of business on the Redemption Date and for all Called Securities surrendered after such Redemption Date.
Notwithstanding anything to the contrary contained in this Article Eleven, the obligation of the Company to pay the Redemption Price of such Called Securities shall be satisfied and discharged to the extent such amount is so paid by such purchasers.
However, nothing in this Section 11.08 shall in any way relieve the Company of the obligation to pay such Redemption Price on all Called Securities to the extent such amount is not so paid by said purchasers.
However, nothing in this Section 1108 shall in any way relieve the Company of the obligation to pay such Redemption Price on all Called Securities to the extent such amount is not so paid by said purchasers.
A conversion of Securities by a Holder shall be deemed for these purposes to be “in connection with” a Redemption Notice if such Securities are Called Securities and the relevant Conversion Date occurs during the related Redemption Period.
Notwithstanding anything to the contrary contained in this Article Eleven, the obligation of the Company to pay the Redemption Price of such Called Securities shall be satisfied and discharged to the extent such amount is so paid by such purchasers, provided, however, that nothing in this Section 1108 shall in any way relieve the Company of the obligation to pay such Redemption Price on all Called Securities to the extent such amount is not so paid by said purchasers.
If CVC and the Called Shareholders fail to agree upon the Called Securities Purchase Price within such time, CVC and the Called Shareholders shall cause the Company to designate a nationally recognized investment banking firm that is not an Affiliate of any Shareholders (the “Appraiser”) to determine the Called Securities Purchase Price.
In such case, each Calling Shareholder shall have fifteen (15) days following the date of determination of the Called Securities Purchase Price and the notification of such Called Securities Purchase Price to the Calling Shareholders to give CVC a binding, irrevocable written offer to purchase its Pro Rata Portion of the Called Securities on the same terms applicable to CVC (and/or its Permitted Transferee(s)).
Each of CVC and the Called Shareholders shall cooperate in good faith with the Appraiser and provide the Appraiser with reasonable access to information in connection with the determination of the Called Securities Purchase Price, and the Appraiser will be instructed to render a written valuation as promptly as practicable (but in any event within twenty (20) Business Days of selection).
These duties should not be assigned to the WVPM who fills a leadership and management role for the Women’s Health Program.