Holdings Securities definition
Examples of Holdings Securities in a sentence
All covenants, agreements, representations and warranties made herein or in any other document referred to herein or delivered to a party pursuant hereto or in connection herewith shall survive the execution and delivery to such party of this Agreement and of Holdings Securities.
If such purchase of Holdings Securities by Holdings is prohibited pursuant to the terms of any agreement to which Holdings is a party, the period during which Holdings may make such purchase shall be extended by an additional six months from the expiration of the initial six-month period.
There are no outstanding obligations of Holdings or any Subsidiary to repurchase, redeem or otherwise acquire or dispose of any Holdings Securities, other than those created by this Agreement.
In connection with any permitted Transfer pursuant to this Section 4.1, the rights of PHL and Holdings under this Agreement shall not transfer to any transferee(s) of the Holdings Securities, except to the extent provided in Section 2.7 hereof or upon express assignment of such rights to the extent permitted by Section 7.3 hereof.
All securities issued upon the surrender of SPAC Securities in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such securities; provided that any restrictions on the sale and transfer of SPAC Securities shall also apply to the Holdings Securities so issued in exchange.