Permissible Securities definition

Permissible Securities means (a) any debt securities the payment of which is subordinated, at least to the extent provided in this section 1 with respect to the Subordinated Indebtedness, to the payment of all Superior Indebtedness at the time outstanding and all securities issued in exchange therefor and (b) any Shares of the Operating Company.

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Permissible Securities means (a) any debt securities the ----------- ---------- - payment of which is subordinated, at least to the extent provided in this section 1 with respect to the Subordinated Indebtedness, to the payment of all Superior Indebtedness at the time outstanding and all securities issued in exchange therefor and (b) any shares of common stock of the Company. -

Permissible Securities means equity securities or subordinated securities of the Company or any successor obligor of the Senior Debt or Subordinated Debt provided for by a plan of reorganization or readjustment that are subordinated in right of payment to all Senior Debt that may at the time be outstanding to the same extent as, or to a greater extent than, the Subordinated Debt is subordinate to the Senior Debt as provided in Section 3 hereof.

Examples of Permissible Securities in a sentence

If the aggregate number of Registrable Securities which the Holders thereof desire to include in such filing exceeds the number of Permissible Securities, then each such Holder shall be entitled to include that number of Registrable Securities which bears the same ratio to the number of Permissible Securities as the number of Registrable Securities such Holder desires to include bears to the number of Registrable Securities all such Holders desire to include.
Permissible Securities for trading in the Credit Balance Account.
An Authorized Pool Representative may by written order require the Depository to pledge additional or other Permissible Securities at any time it is determined to be advisable or necessary for the protection of the Pool.
Except as disclosed in or contemplated by the Registration Statement or the Prospectus, as of the date referred to therein, except for Permissible Securities, the Company did not have outstanding any options to purchase, or any rights or warrants to subscribe for, or any securities or obligations convertible into, or exchangeable for, or any contracts or commitments to issue or sell, any shares of capital stock or other securities.
Should the Depository fail to pledge the required Permissible Securities within five (5) days after the date the Depository is served with a copy of said order, the Pool's Board of Trustees may select a new depository and terminate this Agreement without any further obligation to the Depository.

More Definitions of Permissible Securities

Permissible Securities means: (a) any debt securities of Cinedigm paid or distributed in respect of any Subordinated Indebtedness as described in clause (a) of Section 2.1, the payment of which is subordinated, at least to the extent provided in this Agreement with respect to the Subordinated Indebtedness, to the payment of all Senior Indebtedness and all other securities issued in exchange thereof; and (b) any shares of common stock (or other equity interests) of Cinedigm paid or distributed in respect of any Subordinated Indebtedness.

Permissible Securities means securities of the Borrower or a Guarantor as reorganized or readjusted, or securities of the Borrower or any other corporation provided for by a plan of reorganization or readjustment, the payment of which is subordinated, at least to the extent provided in this Section 10 with respect to the Notes, to the payment of all Superior Indebtedness at the time outstanding and all securities issued in exchange therefor.

Permissible Securities means (i) any debt or convertible debt securities of any Loan Party, any of its subsidiaries, or its direct or indirect parent company, paid or distributed in respect of any Subordinated Debt in any case or proceeding by or against any Loan Party, any of its subsidiaries, or its direct or indirect parent company, commenced under the United States Bankruptcy Code or any other insolvency law, the payment of which is subordinated, at least to the extent provided in this Agreement with respect to the Subordinated Debt, to the payment of all Senior Debt and all other securities issued in exchange thereof and (ii) any convertible securities, options, capital stock or equity interests of any Loan Party, any of its subsidiaries, or its direct or indirect parent company, paid or distributed in respect of any Subordinated Debt.

Permissible Securities means securities described in Exhibit K, and the "Collateral Value" of a Permissible Security is its market value, as reasonably determined by the Agent, multiplied by the percentage determined pursuant to Exhibit K. The "Collateral Value" of cash is its face value.

Permissible Securities means securities which NYSIF may invest in pursuant to Workers’ Compensation Law (“WCL”) §87(1) for reserve funds (Banking Law § 235 paragraphs 1, 2, 3, 4, 5, 6, 11, 12, 12-a, 13, 14, 15, 19, 20, 21, 21-a, 24, 24-a, 24-b, 24-c, and 25; New York Insurance Law § 1404(a)(2)); and WCL §87(2) for surplus funds (Banking Law § 235 paragraphs 1, 2, 3, 4, 5, 6, 11, 12, 12-a, 13, 14, 15, 19, 20, 21, 21-a, 24, 24-a, 24-b, 24-c, and 25; Insurance Law § 1404 (a)(2), (3), (8), and (10). Permissible Securities shall not include any investment found by the Superintendent of the Department of Financial Services to be against public policy or investments prohibited by Insurance Law § 1407 (a)(1), (2). (3), (4), (6), (8), (9), and (10). WCL§ 87(7).

Permissible Securities means equity securities or subordinated securities of the Company or any successor obligor of the Senior Debt or

Permissible Securities shall have the meaning specified in section 10.1. ----------- ----------