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.
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: 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.
Examples of Hybrid Security in a sentence
Lebanon Support, ‘Crisis & Control, (In)Formal Hybrid Security in Lebanon’, Beirut, 2016.
J H % X V L Q H V V ’ D \ · Exchange Business Day (All Multi Underlyings Basis) means an Exchange Business Day (as such term is defined for each Underlying specified in the relevant Final Terms) for each Underlying of the Certificate, the Warrant or the Hybrid Security when relating to a Basket of Multi Underlyings.
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.
Liu:Monash University;Yuhong Liu:Santa Clara University;Dongxi Liu:Data61, CSIRO Identity-Based Broadcast Encryption with Outsourced Partial Decryption for Hybrid Security Models in Edge ComputingJongkil kim:University of Wollongong, Australia;Seyit Camtepe:CSIRO, Australia;Willy Susilo:University of Wollongong, Australia;Surya Nepal:CSIRO, Australia;Joonsang Baek:University of Wollongong, Australia (Short paper) Unveiling Systematic Biases in Decisional Processes.
There is also an option of Hybrid Security, wherein the portion of credit facility not covered by collateral security can be covered under CGTMSE.
More Definitions of Hybrid Security
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 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 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 discretionexercised 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 New Canada LP I, (ii) the Forward Contribution Agreement by and between New Canada LP 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.
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.