Hybrid Security any hybrid preferred securities consisting of trust preferred securities or deferrable interest subordinated debt securities with maturities of at least 20 years issued by the Parent Borrower or wholly owned special purpose entities that are direct Subsidiaries of the Parent Borrower.
Hybrid Security means any of the following: (a) beneficial interests issued by a trust which constitutes a Subsidiary of the Company or any Guarantor substantially all of the assets of which trust are unsecured Debt of the Company or any Guarantor or any Subsidiary of the Company or any Guarantor or proceeds thereof, and all payments of such Debt are required to be, and are, distributed to the holders of beneficial interests in such trust promptly after receipt by such trust or (b) any shares of capital stock or other equity interests that, other than solely at the option of the issuer thereof, by their terms (or by the terms of any security into which they are convertible or exchangeable) are, or upon the happening of an event or the passage of time would be, required to be redeemed or repurchased, in whole or in part, or have, or upon the happening of an event or the passage of time would have, a redemption or similar payment.
Hybrid Security means any of the following: (a) beneficial interests issued by a trust which constitutes a Subsidiary of the Borrower, substantially all of the assets of which trust are unsecured Indebtedness of the Borrower or any Subsidiary of the Borrower or proceeds thereof, and all payments of which Indebtedness are required to be, and are, distributed to the holders of beneficial interests in such trust promptly after receipt by such trust, or (b) any shares of capital stock or other equity interest that, other than solely at the option of the issuer thereof, by their terms (or by the terms of any security into which they are convertible or exchangeable) are, or upon the happening of an event or the passage of time would be, required to be redeemed or repurchased, in whole or in part, or have, or upon the happening of an event or the passage of time would have, a redemption or similar payment.
Examples of Hybrid Security in a sentence
The Hybrid Security Profile described in section 4.2.1.4 provides an alternative to the Signature Security Profile.
Annex I of H.235 enhances the Baseline Security Profile (Annex D, section 4.2.1.1) as well as the Hybrid Security Profile (Annex F, section 4.2.1.3) with the option to be applied in an environment were direct routed calls (endpoint to endpoint) are performed using the gatekeeper for address resolution.
H.235v2 Annex F – Hybrid Security ProfileThe Hybrid Security Profile relies on asymmetric and symmetric techniques.
However, after the introduction of Hybrid Security model MLIs can cover the unsecured part of the credit facility(ies) under CGTMSE upto to the overall exposure of ₹200 lakh.
Exchange Business Day (Per Multi Underlying Basis) means an Exchange Business Day (as such term is defined for each Underlying) for an Underlying of the Certificate, the Warrant or the Hybrid Security when relating to a Basket of Multi Underlyings.
More Definitions of Hybrid Security
Hybrid Security means any of the following: any shares of capital stock or other equity interests that, other than solely at the option of the issuer thereof, by their terms (or by the terms of any security into which they are convertible or exchangeable) are, or upon the happening of an event or the passage of time would be, required to be redeemed or repurchased, in whole or in part, or have, or upon the happening of an event or the passage of time would have, a redemption or similar payment.
Hybrid Security means any of the following: (a) beneficial interests issued by a trust which constitutes a Subsidiary of the Company or any Restricted Subsidiary substantially all of the assets of which trust are unsecured Debt of the Company or any Restricted Subsidiary or any Subsidiary of the Company or any Restricted Subsidiary or proceeds thereof, and all payments of which Debt are required to be, and are, distributed to the holders of beneficial interests in such trust promptly after receipt by such trust, or (b) any shares of capital stock or other equity interests that, other than solely at the option of the issuer thereof, by their terms (or by the terms of any security into which they are convertible or exchangeable) are, or upon the happening of an event or the passage of time would be, required to be redeemed or repurchased, in whole or in part, or have, or upon the happening of an event or the passage of time would have, a redemption or similar payment.
Hybrid Security means a debt security, other than an approved security, the terms of which provide, or have the effect that, or contain an option which if exercised by the issuer would have the effect that the holder does not or would not have an unconditional entitlement to payment of interest and repayment of capital in full within seventy five years of the relevant date;
Hybrid Security means any security having equity-like characteristics or of the type commonly known as a hybrid security, including any hybrid preferred security, enhanced trust-preferred security or security that is treated (wholly or partially) as having equity content or as equity, in each case whether or not treated as equity under GAAP.
Hybrid Security means any of the following: (a) beneficial interests issued by a trust which constitutes a Subsidiary of any Loan Party, substantially all of the assets of which trust are unsecured Indebtedness of any Loan Party or any Subsidiary of any Loan Party or proceeds thereof, and all payments of which Indebtedness are required to be, and are, distributed to the holders of beneficial interests in such trust promptly after receipt by such trust, or (b) any shares of capital stock or other equity interest that, other than solely at the option of the issuer thereof, by their terms (or by the terms of any security into which they are convertible or exchangeable) are, or upon the happening of an event or the passage of time would be, required to be redeemed or repurchased, in whole or in part, or have, or upon the happening of an event or the passage of time would have, a redemption or similar payment. IBA has the meaning specified in Section 4.4(d)(i) [Announcements Related to LIBOR]. ICC has the meaning specified in Section 11.11.1 [Governing Law].
Hybrid Security means any Collateral Debt Security (including, without limitation, Asset-Backed Securities the payments on which depend on the cash flow from adjustable-rate mortgage loans) that, pursuant to its Underlying Instruments, passes through to the holders thereof all interest proceeds received in respect of the underlying collateral with respect to such Collateral Debt Security, which underlying collateral (a) may consist of assets that bear interest at a fixed rate for a limited period of time (greater than 12 months at time of issuance of such security), after which such assets bear interest based upon a floating rate index for Dollar-denominated obligations commonly used as a reference rate in the United States or the United Kingdom and (b) at any time may consist both of assets that bear interest at a fixed rate and assets that bear interest at a floating rate at such time; provided that, with respect to any Hybrid Security, the Collateral Manager shall, as soon as reasonably practicable following acquisition thereof by the Issuer, and for purposes only of determining whether or not the Issuer is in compliance with any Eligibility Criteria or Collateral Quality Test, determine in its sole discretion exercised in good faith a weighted average initial reset date with respect to such Hybrid Security, and such Hybrid Security shall be deemed to be a floating rate security on and after such weighted average initial reset date.
Hybrid Security means, collectively, the Promissory Note issued by WDCC Enterprises to WDC Holding. in the original principal amount of $480,000,000 and the following related agreements: (i) the Forward Contribution Agreement by and between WDC Holding and WESCO Canada I, (ii) the Forward Contribution Agreement by and between WESCO Canada I and WDINESCO III B.V., (iii) the Forward Contribution Agreement by and between WDINESCO III B.V. and WDCC Enterprises and (v) the Guarantee Agreement by and between WDC Holding and WDCC Enterprises.