Optional Exchange Right definition

Optional Exchange Right means the right (but not the obligation) of the holder thereof to require that the Trustee redeem all or a specified portion of the outstanding Certificates on any Business Day, all in accordance with Section 8 hereof.
Optional Exchange Right means the right of the Holder to exchange any Security, in whole but not in part, for the Cash Amount 2 in accordance with Product Condition 3;
Optional Exchange Right has the meaning set forth in Section 11.05(a).

Examples of Optional Exchange Right in a sentence

  • The Trust and the obligations of the Depositor and the Trustee created by the Trust Agreement with respect to the Certificates shall terminate upon the earliest to occur of (i) the distribution in full of all amounts due to Certificateholders at maturity, (ii) the settlement in full by the Trust of all payments and deliveries required in connection with any exercise of the Optional Exchange Right, and (iii) the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X.

  • No exercise of an Optional Exchange Right shall prevent the holder from any later exercise thereof on any subsequent Business Day.

  • Together, the Certificates, the Retained Interest, the Call Right and the Optional Exchange Right represent all beneficial ownership interests in such Trust.

  • The Trustee shall provide notice of any opportunity to exercise Voting Rights to the holders of each of the Retained Interest, the Call Right and the Optional Exchange Right.

  • The beneficial ownership interest in the Optional Exchange Right will be recorded on the records of the Trustee.

  • Subject to the Optional Exchange Right, and unless previously exchanged, redeemed or purchased and cancelled and subject as provided by the Conditions, each Security will be redeemed in respect of each Nominal Amount at the Cash Amount 1 such redemption to occur, subject as provided below, on the Settlement Date.

  • The Optional Exchange Right will be issued to CSI or an affiliate of CSI and may, upon notice to the Trustee, be transferred by the holder thereof (in whole but not in part) to another Person at the sole option of the transferor without the consent of the Certificateholders or any other Person.

  • The Optional Exchange Right will be issued to CSI and may, upon notice to the Trustee, be transferred by the holder thereof (in whole but not in part) to another Person at the sole option of the transferor without the consent of the Certificateholders or any other Person.

  • The Holder is entitled to exercise the Optional Exchange Right prior to the Valuation Date, by giving five (5) Trading Days notice before 12.00am (noon) (CET) on any Trading Day, by delivery of a valid Notice at the specified office of the Agents (provided that such Notice is received by the Issuer, at least five (5) Trading Days prior to the Valuation Date).

  • The Optional Exchange Right may be exercised by a Holder by delivery by such Holder of the Optional Exchange Notice to the Parent and the Issuer in the manner and in accordance with the procedures set out in the LLC Agreement.


More Definitions of Optional Exchange Right

Optional Exchange Right has the meaning given to that term in Section 2.1;

Related to Optional Exchange Right

  • Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

  • Optional Exchange Date means any date on which Underlying Securities subject to Optional Exchange are distributed to a Certificateholder.

  • Exchange Right has the meaning set forth in Section 2.1 hereof.

  • Exchange Rights shall have the meaning set forth in Paragraph 2 hereof.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Automatic Exchange Rights means the benefit of the obligation of Parent to effect the automatic exchange of Parent Common Shares for Exchangeable Shares pursuant to Section 5.13.

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Put Notice Date means the Trading Day, as set forth below, immediately following the day on which the Investor receives a Put Notice, however a Put Notice shall be deemed delivered on (a) the Trading Day it is received by facsimile or otherwise by the Investor if such notice is received prior to 9:00 am Eastern Time, or (b) the immediately succeeding Trading Day if it is received by facsimile or otherwise after 9:00 am Eastern Time on a Trading Day. No Put Notice may be deemed delivered on a day that is not a Trading Day.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Issuance Notice Date means any Trading Day during the Agency Period that an Issuance Notice is delivered pursuant to Section 3(b)(i).

  • Put Option Event means a Change of Control Event.

  • Related Futures or Options Exchange for the Index means an exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the Index.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Party B Final Exchange Amount The Sterling equivalent of the Party A Final Exchange Amount converted by reference to the Dollar Currency Exchange Rate.

  • Early Preference Share Redemption Event means the event that occurs if:

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • National Exchange means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question, together with any successor thereto: the NYSE American, The New York Stock Exchange, the Nasdaq Global Market, the Nasdaq Global Select Market and the Nasdaq Capital Market.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).