Exchangeable Holder definition

Exchangeable Holder is defined in the recitals.
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Exchangeable Holder means a holder of record or beneficial owner of Exchangeable Securities.
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Exchangeable Holder means a registered holder of Exchangeable Units;
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Examples of Exchangeable Holder in a sentence

  • As soon as reasonably practicable after receipt thereof, the General Partner will mail or otherwise send to each Exchangeable Holder, at the expense of TopCo, copies of all such materials received by the General Partner from TopCo. The General Partner will also make available for inspection by any Exchangeable Holder at the General Partner’s principal office in Toronto, Ontario copies of all such materials.

  • The number of Lazard shares transferred by each Ltd Exchanging Subsidiary to an Exchangeable Holder pursuant to a Taxable Exchange will be determined in proportion to each such subsidiary’s respective interests in Lazard Group on the applicable Exchange Date.

  • Subject to Sections 12.2 and 12.4, this Agreement may not be amended, modified or waived except by an agreement in writing executed by Amalco, Pubco and the Trustee and a representative of the Holders appointed by Exchangeable Holder Approval.

  • The Ltd Exchanging Subsidiaries and LFCM hereby agree that an Exchangeable Holder effecting a Taxable Exchange shall recognize gain, if any, for U.S. Federal income tax purposes on the Exchange Date under Section 741 of the Code in an amount equal to the excess of (i) the fair market value of the Lazard shares received in the Taxable Exchange over (ii) the Exchangeable Holder’s basis in its Lazard Group interests transferred to the Ltd Exchanging Subsidiaries pursuant to the Taxable Exchange.

  • An Exchangeable Holder that effected a Taxable Exchange recognized gain, if any, for U.S. Federal income tax purposes on the Exchange Date under Section 741 of the Code in an amount equal to the excess of (i) the fair market value of the Lazard shares received in the Taxable Exchange over (ii) the Exchangeable Holder’s basis in its Lazard Group interests transferred to the Ltd Exchanging Subsidiaries pursuant to the Taxable Exchange.

  • Parent agrees and covenants in favour of the Corporation and each Exchangeable Holder, that if the Parent exercises any of the Parent Call Rights it will deliver the appropriate number of Parent Common Shares to the relevant Exchangeable Holder, the whole in conformity with the Exchangeable Share Provisions.

  • With respect to each Taxable Exchange, each Ltd Exchanging Subsidiary’s share of the basis in the Exchange Assets was increased by the excess, if any, of (i) the fair market value of the Lazard shares transferred to the Exchangeable Holder pursuant to the Taxable Exchange over (ii) the Ltd Exchanging Subsidiary’s proportionate share of the basis of the Exchange Assets immediately after the Taxable Exchange attributable to the Lazard Group interests exchanged.

  • The number of Lazard shares transferred by each Ltd Exchanging Subsidiary to an Exchangeable Holder pursuant to a Taxable Exchange was determined in proportion to each such subsidiary’s respective interests in Lazard Group on the applicable Exchange Date.


More Definitions of Exchangeable Holder

Exchangeable Holder means (a) Cantor, (b) any Exchangeable Limited Partner, (c) any other Person whose Newmark Interests are exchangeable as of immediately following the Holdings Partnership Division and (d) any other Person whose Newmark Interests become exchangeable pursuant to Section 8.01 of the Newmark Holdings Limited Partnership Agreement.
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Exchangeable Holder means (a) Cantor, (b) any Exchangeable Limited Partner and (c) any other Person whose BGC Interests are or become exchangeable pursuant to Section 8.01 of the BGC Holdings Limited Partnership Agreement.
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Exchangeable Holder s Percentage" as of any date of determination and with respect to the allocation of Series Finance Change Collections, Series Principal Collections or Series Default amounts, as the case maybe, means 100% minus the VBC Allocation Percentage applicable to the allocation of Series Finance Change Collections, Series Principal Collections or Series Default amounts, as the case maybe, as of such date.
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Exchangeable Holder means (a) Cantor, (b) any Cantor Company that holds an Exchangeable Interest and that has not ceased to hold such Exchangeable Interest, (c) any Person to whom a Cantor Company has transferred an Exchangeable Interest and, prior to or at the time of such Transfer, whom Cantor has agreed shall be designated as an Exchangeable Limited Partner for purposes of the BGC Holdings LPA and (d) any other Person whose Interests become exchangeable pursuant to Section 8.01 of the BGC Holdings LPA.
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Related to Exchangeable Holder

  • Exchangeable Shares means the exchangeable shares in the capital of the Company, having the rights, privileges, restrictions and conditions set forth herein;

  • Exchangeable Securities means any securities of any trust, limited partnership or corporation other than the Trust that are convertible or exchangeable directly for Units without the payment of additional consideration therefore;

  • Exchangeable Stock means any Capital Stock of a corporation that is exchangeable or convertible into another security (other than Capital Stock of such corporation that is neither Exchangeable Stock or Redeemable Stock).

  • Exchangeable Share Provisions means the rights, privileges, restrictions and conditions attaching to the Exchangeable Shares, which rights, privileges, restrictions and conditions shall be in substantially the form set out in Appendix I hereto.

  • exchangeable security means a security of an issuer that is exchangeable for, or carries the right of the holder to acquire, or of the issuer to cause the acquisition of, a security of another issuer;

  • Exchangeable Notes means the Class M-2A and Class M-2B Notes of the Xxxxxxx Mac STACR® Debt Notes, Series 2018-DNA1, which may be transferred only on the book-entry system operated by DTC or its successor, or under certain limited circumstances, in registered, certificated form, as provided in the Global Agency Agreement.

  • Preferred Holder means, with respect to a series of Preferred Units, a Record Holder of such series of Preferred Units.

  • Series B Holder means a Record Holder of the Series B Preferred Units.

  • FTR Holder means the PJM Member that has acquired and possesses an FTR.

  • Preferred Shareholder means any holder of Preferred Shares.

  • Initial Holder has the meaning set forth in the preamble.

  • Series A Holder means a Record Holder of the Series A Preferred Units.

  • Holder or Unit Holder means the investor for the time being entered in the Register as owner of a Unit including investors jointly so registered pursuant to the provisions of the Trust Deed.

  • Preferred Holders means the record owners of outstanding Preferred Securities.

  • Eligible Holder means a Limited Partner whose (a) federal income tax status would not, in the determination of the General Partner, have the material adverse effect described in Section 4.9(a)(i) or (b) nationality, citizenship or other related status would not, in the determination of the General Partner, create a substantial risk of cancellation or forfeiture as described in Section 4.9(a)(ii).

  • Investor Securities means the securities eligible for registration pursuant to the Registration Rights Agreement.

  • Initial Holders has the meaning set forth in the preamble.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions;

  • Class A Shareholder means a holder of Class A Shares;

  • Principal Holder means a person who, directly or indirectly, beneficially owns or controls 10% or more of any class of voting securities of the Corporation.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Senior Holder means, (i) the Note Holders of Series A until the Secured Obligations in respect of Series A Equipment Notes have been paid in full, (ii) after the Secured Obligations in respect of Series A Equipment Notes have been paid in full, the Note Holders of Series B until the Secured Obligations in respect of Series B Equipment Notes have been paid in full and (iii) after the Secured Obligations in respect of Series B Equipment Notes have been paid in full, the Note Holders of Series C until the Secured Obligations in respect of Series C Equipment Notes have been paid in full.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.