Exchanged Equity Security definition

Exchanged Equity Security means an equity security which is not a Collateral Enhancement Obligation, and which is delivered to the Issuer upon acceptance of an Offer in respect of a Defaulted Obligation or received by the Issuer as a result of restructuring of the terms of a Defaulted Obligation in effect as of the later of the Issue Date or date of issuance thereof.

Exchanged Equity Security means any Equity Security received by the Issuer in exchange for a Collateral Debt Obligation or a portion thereof in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the issuer thereof; provided that, for purposes of the Volcker Rule, such Equity Security constitutes a security received in lieu of debts previously contracted with respect to a loan or loans included in the Trust Estate.

Exchanged Equity Security means any Equity Security received by the Issuer in

Examples of Exchanged Equity Security in a sentence

• Under the Collateral Management and Administration Agreement and as described herein, the Collateral Manager may only, on behalf of the Issuer, dispose of a limited percentage of Collateral Obligations in any period of 12 calendar months and, in addition, any Collateral Obligation that meets the definition of a Defaulted Obligation, an Exchanged Equity Security and, subject to the satisfaction of certain conditions, a Credit Risk Obligation or Credit Improved Obligation.

• Under the Collateral Management and Administration Agreement and as described herein, the Collateral Manager may only, on behalf of the Issuer, dispose of a limited percentage of Collateral Obligations in any period of 12 calendar months as well as any Collateral Obligation that meets the definition of a Defaulted Obligation, an Exchanged Equity Security and, subject to the satisfaction of certain conditions, a Credit Risk Obligation or Credit Improved Obligation.

• Under the Collateral Management and Administration Agreement, the Collateral Manager may only, on behalf of the Issuer, dispose of a limited percentage of Collateral Obligations in any period of 12 calendar months and, in addition, any Collateral Obligation that meets the definition of a Defaulted Obligation, an Exchanged Equity Security and, subject to the satisfaction of certain conditions, a Credit Risk Obligation or Credit Improved Obligation.

• Under the Collateral Management Agreement and as described herein, the Collateral Manager may only direct the disposition of a limited percentage of Collateral Debt Obligations in any period of 12 calendar months as well as any Collateral Debt Obligation that meets the definition of a Defaulted Obligation, an Exchanged Equity Security and, subject to the satisfaction of certain conditions, a Credit Risk Obligation or Credit Improved Obligation.

• Under the Collateral Management Agreement and as described herein, the Collateral Manager may only, on behalf of the Issuer, dispose of a limited percentage of Collateral Obligations in any successive rolling twelve month period, as well as any Exchanged Equity Security and, subject to the satisfaction of certain conditions, a Credit Risk Obligation, a Defaulted Obligation or a Credit Improved Obligation.

More Definitions of Exchanged Equity Security

Exchanged Equity Security. Any equity security or any other security that is not eligible for purchase by the Issuer under the definition of “Collateral Obligation” and received in exchange for a Collateral Obligation.

Exchanged Equity Security. Any Equity Security received by the Issuer in exchange for a Defaulted Obligation.

Exchanged Equity Security means an equity security which is not a Dutch Ineligible Security and which is delivered to the Issuer in any circumstances including (a) upon acceptance of an Offer in respect of a Defaulted Obligation, (b) as a result of a restructuring of the terms of a Collateral Loan Obligation or (c) in connection with the exercise of any conversion or exchange rights in respect of a Collateral Loan Obligation;

Exchanged Equity Security means an equity security (the acquisition of which would not cause the breach of applicable selling or transfer restrictions relating to the offering of securities or of collective investment schemes) which is delivered to the Issuer upon acceptance of an Offer in respect of a Defaulted Obligation or received by the Issuer as a result of restructuring of the terms of a Defaulted Obligation in effect as of the later of the Closing Date or date of issuance thereof.

Exchanged Equity Security. Any Equity Security received by the Issuer in exchange for a Collateral Debt Obligation or a portion thereof in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the issuer thereof and that is not eligible for purchase by the Issuer as a Collateral Debt Obligation.

Exchanged Equity Security means an Equity Security which is not a Collateral Enhancement Obligation or a Dutch Ineligible Security provided that, unless the Permitted Securities Condition is satisfied, an Equity Security is received by the Issuer in the ordinary course of the workout, foreclosure or collection of a debt previously contracted in good faith.

Exchanged Equity Security means any Equity Security received by the Issuer inexchange for a Collateral Debt Obligation or a portion thereof in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workouta Restructuring of the issuer thereof; provided that for purposes of the Volcker Rule, such Equity Security constitutes a security "received in lieu of debts previously contracted" with respect to a loan or loans included in the Trust Estate. or otherwise constitutes a security issued or offered in connection with a Restructuring of a Collateral Debt Obligation owned by the Issuer that would not preclude the Issuer from complying with the loan securitization exclusion from the definition of "covered fund" under the Volcker Rule. For the avoidance of doubt, if an asset received in an exchange meets the requirements of more than one definition under this Indenture, the Collateral Manager may use its reasonable discretion to characterize such asset as it deems appropriate.