Examples of Collective Action Securities in a sentence
The Securities are Equal Ranking Securities and Aggregated Collective Action Securities under the Fiscal Agency Agreement.
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 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.
Any Single Series Reserved Matter Modification may be made, and future compliance therewith may be waived, with the written consent of Hungary and the affirmative vote or consent of holders of more than 75% of the aggregate principal amount of the outstanding Aggregated Collective Action Securities of that series.
The provisions of this Section 19 shall apply only to (a) the 8.375% Global Bonds due 2011 (the "New Global Bonds") to be issued by the Issuer on or about February 26, 2004, (b) any Securities issued after February 26, 2004 under this Agreement that form a single series with the New Global Bonds, and (c) any other Securities issued after February 26, 2004 under this Agreement that are in their terms stated to be subject to this Section 19 (collectively, the "Collective Action Securities").
The provisions of this Article VI shall apply only to (i) the U.S. Dollar-Denominated Global Bonds due 2033 (the "Global Bonds 2033") to be issued by Peru on November 21, 2003, (ii) any Bonds issued after November 21, 2003 under this Agreement that form a single series with the Global Bonds 2033, and (iii) any other Bonds issued on or after November 21, 2003 under this Agreement (collectively, the "Collective Action Securities").
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.
Any Cross-Series Modification with Single Aggregated Voting may be made, and future compliance therewith may be waived, with the written consent of Hungary and the affirmative vote or consent of holders of more than 75% of the aggregate principal amount of the outstanding Aggregated Collective Action Securities of all the series affected by the proposed Modification (taken in the aggregate).