Corresponding Securities definition

Corresponding Securities has the meaning set forth in Section 6.2(a) to this Agreement.
Sample 1Sample 2Sample 3
Corresponding Securities is defined in the Ordinance.
Sample 1
Corresponding Securities means the stock, options, warrants, debt, or other security (or combination thereof) of another corporation or partnership which has been designated by the Administrator and selected by a Participant as the measuring standard for determining the Redemption Value of such Corresponding Securities.
Sample 1

Examples of Corresponding Securities in a sentence

  • Notwithstanding any provision contained in Section 15.11 of the Ordinance to the contrary, the Company hereby agrees not to request the Trustee to release to the Company or to the First Mortgage Bond Trustee any amount of the First Mortgage Bonds (or Corresponding Securities, as the case may be) and not to accept any amount of the First Mortgage Bonds (or Corresponding Securities, as the case may be) so released, without the prior written consent of the Bank.

  • A Participant's selection of Corresponding Securities under this Section 4(e) shall be made not later than 30 days after the date of the notice given by the Administrator to the Participant of the stock, options, warrants, debt, or other security (or combination thereof) of another corporation or partnership which the Participant may select as Corresponding Securities.

  • In the discretion of the Administrator, Corresponding Securities may be designated where no investment in the Underlying Securities is made by the Hedging Entity.

  • If the Hedging Entity or an Affiliated Entity obtained Underlying Securities before the event giving rise to the Salary Election or Bonus Election, and holds such Underlying Securities at the date of the designation, and if the Administrator determines to allow the designation of Corresponding Securities under the terms of this Plan, the original stated cost for those Underlying Securities shall be the initial stated acquisition price for the Corresponding Securities.

  • A Participant may elect, before the commencement of each Earning Period, in lieu of cash payment for redeemed Corresponding Securities and any Earn-out Payments related to redeemed Corresponding Securities attributable to such Earning Period, to have such amounts remain in a Participant's Account and made available for future Earning Periods.

  • The initial Corresponding Securities shall be the same mix of equity or debt as the Underlying Securities actually purchased in conjunction with the investment transaction by the Hedging Entity, and/or if applicable the Affiliated Entity.

  • In no event, however, shall the Redemption Value of Corresponding Securities be less than the initial stated acquisition price of the Corresponding Securities.

  • Notwithstanding Section 6(a), all Corresponding Securities designated in the Account of a Participant and not yet redeemed shall be redeemed (at the initial stated acquisition price of the Corresponding Securities, together, if applicable, with any Dividend Equivalents or Interest Equivalents credited thereto) should a Participant cease to be an Employee for any reason.

  • A Participant whose Corresponding Securities are redeemed by reason of occurrence of the Expiration Date shall receive only the Redemption Value; such Participant shall no longer be treated as a Participant with respect to such Corresponding Securities, and no future payments shall be made, nor shall any right exist to any future payments, including but not limited to Dividend Equivalents, Interest Equivalents, or Earn-out Payments relating to such redeemed Corresponding Securities.

  • The Company makes no representation expressed or implied as to the application and effect of applicable tax laws or welfare benefits relating to Corresponding Securities, salary, bonuses, redemptions or payments.

Related to Corresponding Securities

  • Existing Securities means, collectively, the Equity Securities and the Debt Securities.

  • Outstanding Securities with respect to any Income PRIDES or Growth PRIDES, means, as of the date of determination, all Income PRIDES or Growth PRIDES evidenced by Certificates theretofore authenticated, executed and delivered under this Agreement, except:

  • Closing Securities shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.

  • Outstanding Voting Securities of any Person means the outstanding securities of such Person entitling the holders thereof to vote generally in the election of directors of such Person.

  • Qualifying Securities means securities issued by the Issuer that:

  • APM Qualifying Securities means, with respect to an Alternative Payment Mechanism or any Mandatory Trigger Provision, one or more of the following (as designated in the transaction documents for any Qualifying Capital Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision, as applicable):

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • Outstanding Company Voting Securities means outstanding voting securities of the Company entitled to vote generally in the election of directors; and any specified percentage or portion of the Outstanding Company Voting Securities (or of other voting stock or voting securities) shall be determined based on the relative combined voting power of such securities;

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • Existing Secured Notes means the Company’s outstanding 5.500% Senior Secured Notes due 2025, 5.750% Senior Secured Notes due 2027 and 4.875% Senior Secured Notes due 2028.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Series or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof.

  • Outstanding Shares means those Shares recorded from time to time in the books of the Trust or its transfer agent as then issued and outstanding, but shall not include Shares which have been redeemed or repurchased by the Trust and which are at the time held in the treasury of the Trust.

  • Contract Securities means the Offered Securities, if any, to be purchased pursuant to the delayed delivery contracts referred to below.

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Covered Securities means any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a "security", or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the foregoing.

  • Exchangeable Certificates As specified in the Preliminary Statement.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.