Equivalent Securities definition

Equivalent Securities with respect to a Transaction, Securities equivalent to Purchased Securities under that Transaction. If and to the extent that such Purchased Securities have been redeemed, the expression shall mean a sum of money equivalent to the proceeds of the redemption;

Equivalent Securities means securities of an identical type, nominal value, description and amount to particular Securities borrowed and such term shall include the certificates and other documents of or evidencing title and transfer in respect of the foregoing (as appropriate). If and to the extent that such Securities are partly paid or have been converted, subdivided, consolidated, redeemed, made the subject of a takeover, capitalisation issue, rights issue or event similar to any of the foregoing, the expression shall have the following meaning:

Equivalent Securities in connection with any Securities Loan means securities of the same issue, class and quantity as the Borrowed Securities that are the subject of such Securities Loan and shall include the certificates and other documents of or evidencing title and transfer in respect of the foregoing, as appropriate. If and to the extent that such Borrowed Securities are partly paid or have been converted, sub-divided, consolidated, redeemed or made the subject of a takeover or rights issue, the expression shall have the following meaning:

Examples of Equivalent Securities in a sentence

• Any voting rights attaching to the relevant Securities, Equivalent Securities, Collateral, or Equivalent Collateral will be exercisable by the persons in whose name they are registered, or in the case of Securities, Equivalent Securities, collateral or Equivalent Collateral in bearer form by the persons by or on behalf of whom they are held, and not necessarily by the Borrower or the Lender (as the case may be).

• Subject to paragraph (a), on the date and time that Equivalent Securities are required to be redelivered by the Borrower in accordance with the provisions of these Terms, unless otherwise agreed by the Borrower, the Lender must simultaneously pay any Cash Collateral (in respect of the Equivalent Securities to be redelivered) to the Borrower.

• If the Borrower or the Lender for any reason fails to comply with its respective obligations in respect of the delivery of Equivalent Securities or the repayment of Cash Collateral, such failure will be an Event of Default for the purposes of this clause 7,and the person failing to comply will be the Defaulting Party.

• Each Party agrees that, in relation to legal proceedings, it will not seek specific performance of the other Party’s obligation to deliver or redeliver Securities, Equivalent Securities, Collateral or Equivalent Collateral, but without prejudice to any other rights it may have.

• Where the Client is required to deliver securities equivalent to Hong Kong Settlement Securities, it shall effect that delivery by delivering Equivalent Securities (as defined in the OSLA) in accordance with the OSLA and such delivery shall constitute performance of its obligations under this paragraph.

More Definitions of Equivalent Securities

Equivalent Securities means at any time shares of any class of Capital Stock or other securities or interests of a Person which are substantially equivalent to the Voting Securities of such Person other than by reason of not having voting rights, including, for the avoidance of doubt, the Series A Participating Preferred Stock, Series B Participating Preferred Stock and Series C Participating Preferred Stock.

Equivalent Securities means in relation to any situation where there has been a substitution of Purchased Securities in terms of Clause 6 hereof, securities of the same type, nominal value, description and amount as the Purchased Securities;

Equivalent Securities means securities of an identical type, nominal value, description and number, of the same issuer and of the same class, as the Loaned Securities.

Equivalent Securities means Securities, which, at the time of substitution, have Market Value equal to or greater than the Market Value of the original Underlying Securities for which they are to be substituted and which meet such other criteria as may be specified by the Regulator by notice in writing from time to time;

Equivalent Securities means Transferred Securities or Securities of the same issuer, issue, class and quantity as Transferred Securities (or equivalent thereof in the event of a reorganisation, recapitalisation or merger of the issuer of the Transferred Securities).

Equivalent Securities means securities issued by the same issuer being of an identical type and having the same nominal value, description and amount;

Equivalent Securities means securities that are identical to the: