Early Exchange definition

Early Exchange means any exchange of Notes pursuant to Section 14.01(a) for which the related Exchange Date (i) occurs prior to the close of business on the Business Day immediately preceding January 15, 2027, (ii) does not occur after a Redemption Notice Date (provided that this clause (ii) shall not apply with respect to an Excluded Holder) and (iii) does not occur during a Make-Whole Fundamental Change Period. For the avoidance of doubt, no Mandatory Exchange will constitute an Early Exchange.
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Early Exchange means the exchange of all Outstanding Notes as the result of an Acceleration Event or a Merger Early Full Exchange.
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Examples of Early Exchange in a sentence

  • For the avoidance of doubt, the provisions of Section 9(i)(i) of this Confirmation shall apply to any Early Exchange, and no Settlement Averaging Period will apply to such Early Exchange.

  • The Issuer shall deliver, on the Maturity Date, in exchange for each $50 Principal Amount of the Outstanding Notes as of the Maturity Date, a number of DSW Class A Common Shares (subject to Section 3.03, Section 3.06 and Article 4) equal to the Exchange Ratio unless, prior to or on the Maturity Date, there shall have occurred an Early Exchange.

  • If the parties elect Early Exchange Cash Settlement, the parties will not enter into the Early Exchange Replacement Transactions.

  • If the Company defers payments of Basic Interest, the Contingent Principal Amount shall increase during each quarter by the amount of such Deferred Basic Interest (plus accrued interest thereon at an annual rate equal to 2.50%, compounded quarterly ("Accrued Interest") ) and the Early Exchange Ratio (as defined below) shall be 100% of the Reference Shares for the quarter following such deferral.

  • Early Exchange Cash Settlement Amount: The amount that would be payable by a party in accordance with the terms of Section 6(e) of the Agreement with respect to the termination of this Transaction, assuming (i) the Floating Rate Payer Calculation Amount and the Fixed Rate Payer Calculation Amount were equal to the Early Exchange Amount; (ii) Counterparty is the sole Affected Party; and (iii) Market Quotation and Second Method are applicable.

  • The Early Exchange Ratio at any time shall be equal to: (i) 95% of the then Exchange Market Value of the Reference Shares attributable to each PHONES or (ii) during a deferral of Basic Interest or, if the Company so elects, during the pendency of any tender or exchange offer for any of the Reference Shares, 100% of the then Exchange Market Value of the Reference Shares attributable to each PHONES.

  • The Exchange Rate applicable to Notes that are subject to an Early Exchange will also be increased by a number of Additional ADSs as set forth in this Section 14.03.

  • If a holder tenders after the Early Exchange Time, the holder could become entitled to a cash payment in lieu of any fractional interest in the New Securities.

  • The Holder of each PHONES shall have a right, at any time and from time to time, to exchange (an "Exchange Right") each PHONES for an amount of cash equal to a percentage of the then Exchange Market Value (as defined below) of the Reference Shares attributable to each PHONES (the "Early Exchange Ratio").

  • If the Company defers quarterly payments of the Interest Rate, the Contingent Principal Amount per XXXX shall be increased by the amount of the deferred quarterly payments of the Interest Rate, plus accrued interest thereon at an annual rate of 2.309%, compounded quarterly, and the Early Exchange Ratio shall increase to 100% from the date the Company notifies the Trustee of its decision to defer quarterly payments of the Interest Rate.

Related to Early Exchange

  • Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

  • Free Exchange means an exchange of a Commission Share of one Fund for a Commission Share of another Fund under circumstances where the CDSC which would have been payable in respect of a redemption of the exchanged Commission Share on the date of such exchange is waived and the Commission Share issued in such exchange is treated as a continuation of the investment in the Commission Share exchanged for purposes of determining the CDSC payable if such Commission Share issued in the exchange is thereafter redeemed.

  • Optional Exchange Date means any date on which Underlying Securities subject to Optional Exchange are distributed to a Certificateholder.

  • Primary Exchange means, with respect to each Index constituent or each constituent underlying a Successor Index, the primary exchange or market of trading such Index constituent or such constituent underlying a Successor Index.

  • National Exchange means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question, together with any successor thereto: the NYSE American, The New York Stock Exchange, the Nasdaq Global Market, the Nasdaq Global Select Market and the Nasdaq Capital Market.

  • Daily Exchange Value means, for each of the 20 consecutive Trading Days during the Observation Period, one-twentieth (1/20) of the product of (a) the applicable Exchange Rate and (b) the Daily VWAP of the Common Stock (or the Reference Property, if applicable) on such day.

  • Reference Exchange means XETRA.

  • Principal Exchange means, in respect of a Share, any stock exchange or quotation system on which such Share is listed. As of the date of this Information Statement, the Principal Exchange for each Share is as set forth under "Summary Information Regarding the Companies".

  • Currency exchange means receipt of revenues from the exchange of money of one government for money of another government.

  • Specified Exchange Date means the first business day of the month that is at least 60 business days after the receipt by the General Partner of the Notice of Exchange.

  • Exchange Date means, in relation to a temporary Global Note, the day falling after the expiry of 40 days after its issue date and, in relation to a permanent Global Note, a day falling not less than 60 days, or in the case of failure to pay principal in respect of any Notes when due 30 days, after that on which the notice requiring exchange is given and on which banks are open for business in the city in which the specified office of the Fiscal Agent is located and in the city in which the relevant clearing system is located.

  • Party B Final Exchange Amount The Sterling equivalent of the Party A Final Exchange Amount converted by reference to the Dollar Currency Exchange Rate.

  • Direct Exchange has the meaning set forth in Section 11.03(a).

  • Applicable Exchange means the New York Stock Exchange or such other securities exchange as may at the applicable time be the principal market for the Common Stock.

  • Exchange Day means a day which is (or, but for the occurrence of an Extraordinary Event, would have been) a trading day on each of the Principal Exchanges and Related Exchanges for the Shares comprising the Equity Portfolio or related contracts, options or instruments, including a day on which trading on such an exchange is scheduled to close prior to its regular closing time. If such term is used in relation to a particular Share, "Exchange Day" means a day which is (or, but for the occurrence of a Market Disruption Event in respect of the Share, would have been) a trading day on each Principal Exchange and Related Exchange for the Share or related contracts, options or instruments, including a day on which trading on such an exchange is scheduled to close prior to its regular closing time.

  • Futures Exchange means the exchange or trading system with the highest trading volume of options or futures contracts relating to the Share. If options or futures contracts on the Share are not traded on any exchange, the Futures Exchange shall be the options or futures exchange with the highest amount of options or futures contracts relating to shares of companies having their residence in the country in which the Company has its residence. If there is no options or futures exchange in the country in which the Company has its residence on which options or futures contracts on shares are traded, the Calculation Agent will determine the Futures Exchange in its reasonable discretion (billiges Ermessen) (§ 317 BGB) and will make notification thereof in accordance with § 6 of the General Terms.

  • Securities Exchange means, at any time, the registered national securities exchange on which the Corporation’s equity securities are then principally listed or traded, which shall be either the New York Stock Exchange or NASDAQ Global Market (or similar national quotation system of the NASDAQ Stock Market) (“NASDAQ”) or any successor exchange of either the New York Stock Exchange or NASDAQ.

  • SIX Swiss Exchange means SIX Swiss Exchange AG and any successor thereto; and

  • Qualified Exchange means any legal defeasance, redemption, retirement, repurchase or other acquisition of Capital Stock or of Indebtedness of the Company issued on or after the Issue Date with the Net Cash Proceeds received by the Company from the substantially concurrent sale of Qualified Capital Stock or any exchange of Qualified Capital Stock for any Capital Stock or for Indebtedness of the Company issued on or after the Issue Date.

  • Exchange Dates shall have the meaning set forth in Section 2(a)(ii) hereof.

  • Specified Exchange means the Australian Stock Exchange, the Johannesburg Stock Exchange, the London Stock Exchange Main Market, the Nasdaq Stock Market, the New York Stock Exchange, or the Hong Kong Stock Exchange;

  • Registered Exchange Offer means the offer by the Company, pursuant to the Registration Rights Agreement, to certain Holders of Initial Notes, to issue and deliver to such Holders, in exchange for their Initial Notes, a like aggregate principal amount of Exchange Notes registered under the Securities Act.

  • Two-party exchange means a transaction in which fuel is transferred from one licensed supplier to

  • Designated Exchange means any of The New York Stock Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market, or any successor to any of the foregoing.

  • Currency Exchange Protection Agreement means, in respect of a Person, any foreign exchange contract, currency swap agreement, currency option or other similar agreement or arrangement designed to protect such Person against fluctuations in currency exchange rates.

  • Cash Exchange Payment means an amount in cash equal to the product of (i) the number of shares of Class A Common Stock into which the surrendered Paired Interests are exchangeable and (ii) the VWAP of the Class A Common Stock for the five consecutive full Trading Days immediately prior to the date of delivery of the relevant Notice of Exchange.