Change in Collateral definition

Change in Collateral means and have occurred if substantially all of the stock or securities of the company which issued the Pledged Collateral is acquired in a cash or stock and cash transaction and the stock or security representing the Pledged Collateral ceases to be traded on a national or international securities exchange or the OTC Bulletin Board Services, the National Quotation Bureau, Incorporated or a comparable service. See Section 9.1 for full definition and effect.
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Change in Collateral means and have occurred if substantially all of the stock or securities of the company which issued the Pledged Collateral is acquired in a cash or stock and cash transaction and the stock or security representing the Pledged Collateral ceases to be traded on a national or international securities exchange or the OTC Bulletin Board Services, the National Quotation Bureau, Incorporated or a comparable service (any such exchange, an “Approved Exchange”).
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Change in Collateral means substantially all of the equity of the Issuer is acquired in a cash or stock and cash transaction and the stock or security representing the Collateral ceases to be publicly traded.
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Examples of Change in Collateral in a sentence

  • This sum of the number of shares of Pledged Collateral multiplied by the per share acquisition price, be it cash or cash plus stock valued as of the closing date, shall represent the sole and only purchase price value of the Pledged Collateral resulting from the Change in Collateral.

  • The Secured Party will use its commercially reasonable efforts to execute and deliver to the Custodian and Pledgor each approved Notification of Change in Collateral within one (1) Business Day after receipt from the Pledgor.

  • During the first Twelve (12) months, there shall be no prepayment, unless (a) there has been a Change in Collateral event or (b) Lender grants written permission for prepayment.

  • This sum of the number of shares of Collateral Shares and Additional Collateral, if any, multiplied by the per share acquisition price, be it cash or cash plus stock valued as of the closing date, shall represent the sole and only purchase price value of the Collateral Shares and Additional Collateral, if any, resulting from the Change in Collateral.

  • The Defaulting Party shall have thirty (30) days within which to cure the Default.

  • Change in Collateral; Collateral Records.....................................................73 8.15.

  • Change in Collateral; Collateral Records...................................................66 7.12.

  • Change in Collateral; Collateral Records.................................................66 SECTION 8.14.

  • Change in Collateral; Collateral Records......................67 7.12.

  • Change in Collateral; Collateral Records..................52 7.12.