Collective Action Securities definition
Examples of Collective Action Securities in a sentence
The Issuer may simultaneously propose two or more Cross-Series Modifications, each affecting different Series of Aggregated Collective Action Securities, or one or more Cross-Series Modifications together with one or more Single Series Modifications.
The provisions of this Article IX shall apply only to Collective Action Securities (as defined in Section 6.1).
A new final paragraph is added to Section 1(c) of the Fiscal Agency Agreement, which paragraph shall read as follows: To the extent that any Series of Securities issued hereunder is designated by the Republic in the terms and conditions of such Securities as Collective Action Securities, the terms and conditions of the Securities of such Series shall reflect, mutatis mutandis, the terms set forth in Section 11(e) hereof.
The provisions of this Section 13 shall apply only to (a) the 4.25% Notes due 2013 (the "Notes") to be issued by the Issuer on June 3, 2003, (b) any Securities issued after June 3, 2003 under this Agreement that form a single series with the Notes, and (c) any other Securities issued after June 3, 2003 under this Agreement that are in their terms stated to be subject to this Section 13 (collectively, the "Collective Action Securities").
The provisions of this Section 11 shall apply to the Securities of each Series other than all Collective Action Securities (as defined in Section 12 of this Agreement).
It is understood that a Cross-Series Modification constituting or including a Reserved Matter Modification to the terms and conditions of the affected Aggregated Collective Action Securities that is not Uniformly Applicable must be effected pursuant to this subsection (f); such a Cross Series Modification that is Uniformly Applicable may be effected pursuant to subsection (e) or (f), at Hungary’s option.
The Fiscal Agent shall notify the holders of all Aggregated Collective Action Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Calculation Agent and reasonably acceptable to the Fiscal Agent, by which the principal amount of each series of Aggregated Collective Action Securities eligible to participate in that vote or consent solicitation will be calculated.
The fifth paragraph of Section 4 of the Fiscal Agency Agreement is hereby amended to include the following words “This paragraph applies only to Securities of a Series that are not designated Aggregated Collective Action Securities.” and as so amended shall read in full as follows: “This paragraph applies only to Securities of a Series not designated Aggregated Collective Action Securities.
The Securities issuable hereunder are Aggregated Collective Action Securities.
The provisions of this Section 13 shall apply only to (a) the [ ]% Global Bonds due [ ] (the "New Global Bonds") to be issued by the Issuer on [T+8], 2004, (b) any Securities issued after [T+8], 2004 under this Agreement that form a single series with the New Global Bonds, and (c) any other Securities issued after [T+8], 2004 under this Agreement that are in their terms stated to be subject to this Section 13 (collectively, the "Collective Action Securities").