Derived Assets definition

Derived Assets means all Securities, Rights or other property of a capital nature which accrue or are offered, issued or paid at any time (by way of bonus, rights, redemption, conversion, exchange, substitution, consolidation, subdivision, preference, warrant, option, purchase or otherwise) in respect of:-

Derived Assets means shares, warrants, and other securities or assets obtained by the Issuer as a consequence of it making or holding a Loan, or in connection with a restructuring or composition in relation to a Loan in which the Issuer participates.

Derived Assets means all shares, rights or other property of a capital nature which accrue or are offered, issued or paid at any time (by way of bonus, rights, redemption, conversion, exchange, substitution, consolidation, subdivision, preference, warrant, option, purchase or otherwise) in respect of:

Examples of Derived Assets in a sentence

• The Mortgagor, as continuing security for the payment and discharge of the Secured Obligations and with full title guarantee, charges by way of fixed charge all of its Rights, title and interest in and to the Original Shares, all Further Shares, all Derived Assets and all Dividends in favour of the Collateral Agent.

• SCHEDULE 3 COVENANTS Restrictions on Transfer and Rights of Pre-emption The Mortgagor shall ensure that the Original Shares, any Further Shares and any Shares comprised in any Derived Assets are and remain free from any restriction on transfer or rights of pre-emption, except as otherwise permitted by the Loan Agreement.

• The Company hereby irrevocably and unconditionally undertakes to register in the Company’s Register of Members any and all share transfers which are made pursuant to the terms of the Charge to the Security and Intercreditor Agent or its nominee in respect of the Original Shares, the Further Shares and any Shares comprised in any Derived Assets submitted to the Company by the Security and Intercreditor Agent, as soon as practical following submission of such transfer.

• For this purpose, the parties agree that the value of such financial collateral so appropriated shall be the market price of the Original Shares, any Further Shares and any Derived Assets determined by the Security and Intercreditor Agent by reference to a public index or by such other process as the Security and Intercreditor Agent may select, including independent valuation.

• Each Obligor shall, as soon as practicable and in any event within five Business Days of, the accrual, offer, issue or payment or other receipt by it, of any Derived Assets, perform each of the obligations set out in Clauses 4.2 (Original Charged Securities and Further Charged Securities) and 4.3 (Scottish Charged Securities).

More Definitions of Derived Assets

Derived Assets means all non-cash distributions, securities, rights, entitlements or other property which accrue or are offered or issued at any time (by way of bonus, rights, redemption, conversion, exchange, substitution, consolidation, subdivision, preference, warrant, option, purchase, takeover or otherwise) in respect of Collateral Securities;

Derived Assets are securities or money received by the Company after the Time of Administration arising out of, or derived from, any Security which was itself a Trust Asset at or immediately before the time of receipt. They include Assets generated from Derived Assets. In some cases, where the previous Trust Assets have ceased to exist, they may entirely replace the previous Trust Assets (such Trust Assets which have ceased to exist, “Converted Assets”).

Derived Assets means all Securities, rights or other property or assets of a capital nature which are offered, issued or paid at any time in respect of any of the Original Charged Securities or Further Charged Securities, including by way of bonus, rights, redemption, conversion, exchange, substitution, consolidation, sub-division, preference, warrant, option or purchase;

Derived Assets means all Investments, rights or other property of a capital nature which accrue or are offered, issued or paid in respect of any Investments or any Derived Assets. This may occur, among other ways, by way of bonus, rights, redemption, conversion, exchange, substitution, consolidation, sub-division, preference, warrant, option or purchase.

Derived Assets means any assets derived from Eligible Assets of the Company as a result of foreclosures or other dispositions, payments and distributions thereon or pursuant to protective advances to protect or benefit the recovery thereof and as encumbered by and associated liabilities.

Derived Assets means shares, warrants, and other securities or assets obtained by the Issuer as a consequence of it making or holding an Investment, or in connection with a restructuring or composition in relation to an Investment in which the Issuer participates.

Derived Assets means, with respect to the Company, any Shares, rights or other property of a capital nature which accrue or are offered, issued or paid at any time (whether by way of rights, redemption, substitution, exchange, conversion, purchase, bonus, consolidation, subdivision, preference, warrant, option or otherwise) in respect of: (a) the Original Shares; (b) any Further Shares; and (c) any Shares, rights or other property previously accruing, offered, issued or paid as mentioned in this definition, provided, however, that "Derived Assets" shall not include any Excluded Assets.