Payment Securities definition

Payment Securities is defined in Section 2.2.

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Payment Securities means Parity Securities and Junior Securities or any combination thereof which, in each case, are eligible as Tier I capital under the capital adequacy guidelines as applied and enforced by the Dutch Central Bank.

Payment Securities has the meaning ascribed to it in Section 2.3(b) of this Agreement;

Examples of Payment Securities in a sentence

All necessary corporate action has been taken or will have been taken prior to Closing to authorize the issue and the delivery of the Payment Securities at Closing and the Payment Shares will be validly issued as fully paid and non-assessable shares and the Purchaser has reserved for issuance.
The Vendor and the Purchaser shall allocate the value of the Payment Securities (the “Purchase Price”) among the Purchased Assets and SNI Shares as specified in Schedule D (the “Asset Acquisition Statement”).
The Payment Securities to be received by the Vendor will be issued to the Vendor as principal for its own account, not as a nominee or agent, and not with a view to distribution of any part thereof, and the Vendor has no present intention of selling, granting any participation in, or otherwise distributing the same.

More Definitions of Payment Securities

Payment Securities is defined in Section 2.3. 1.52

Payment Securities means Parity Securities and Junior Securities or any combination thereof which, in each case, are eligible as Tier 1 capital under the capital adequacy guidelines as applied and enforced by the Dutch Central Bank.

Payment Securities means the Payment Shares and the Payment Warrants.

Payment Securities means the shares of Common Stock issued to the Investors pursuant to the Merger Agreement in the form of Closing Payment Shares, Earnout Payment Shares, Financing Payment Shares and Sponsor Payment Shares (as such terms are defined in the Merger Agreement).

Payment Securities is defined in Section 3.6(b).

Payment Securities is defined in Section 3.1.