MMP Shares definition

MMP Shares means Money Market Cumulative Preferred Shares, liquidation preference $25,000 per share.
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MMP Shares means Series II Money Market Cumulative Preferred Shares, liquidation preference $25,000 per share.
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MMP Shares means the Borrower's Money Market Cumulative Preferred Shares, with a liquidation preference of $25,000 per share, created by the MMP Statement.
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Examples of MMP Shares in a sentence

  • This Agreement shall automatically terminate upon the redemption of all outstanding MMP Shares or upon termination of the Auction Agency Agreement.

  • Thereafter, Broker-Dealer promptly shall notify customers of Broker-Dealer that Broker-Dealer believes are Beneficial Owners of MMP Shares of such change in the Auction Date.

  • The Paying Agent hereby accepts such appointment and agrees to act in accordance with its standard procedures and the provisions of the Articles Supplementary which are specified herein with respect to the MMP Shares and as set forth in this Section 3.

  • The Auction Agent will advise each Broker-Dealer who submitted a Bid or Sell Order in an Auction whether such Bid or Sell Order was accepted or rejected in whole or in part and of the Applicable Rate for the next Dividend Period for the related MMP Shares by telephone or other electronic means acceptable to the parties.

  • The Auction Agent may consider a Broker-Dealer which has submitted an Order as the Existing Holder for the purposes of the MMP Shares Register; provided, that the Auction Agent may request the Broker-Dealer to provide a list of its customers if in its sole discretion it determines to do so.

  • Upon written request, the Company shall be entitled to receive from the Paying Agent, promptly after the date fixed for redemption, any cash deposited with the Paying Agent in excess of (i) the aggregate redemption price of the MMP Shares called for redemption on such date and (ii) such other amounts, if any, to which Holders of MMP Shares called for redemption may be entitled.

  • Except as provided in this Section 4.2, the MMP Shares shall be registered solely in the name of the Securities Depository or its nominee.

  • The Underwriters propose to offer the MMP Shares for sale upon the terms and conditions set forth in the Prospectus.

  • The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow (i) the procedures set forth in this Section 2 and (ii) the Auction Procedures for the purpose of determining the Applicable Rate for the MMP Shares for the next Dividend Period.

  • The Auction Agent makes no representation as to the validity or adequacy of the Agreement, the Broker-Dealer Agreements or the MMP Shares except to the extent otherwise set forth in Section 5.2 and except that the Auction Agent hereby represents that the Agreement has been duly authorized, executed and delivered by the Auction Agent and constitutes a legal and binding obligation of the Auction Agent.