Permitted Equity Securities has the meaning provided in Section 3.03(a).
Permitted Equity Securities means common stocks, American depository receipts, preferred stocks, exchange-traded funds (including without limitation the funds traded under the following symbols: SPDR, DIA, and QQQ) and equity real estate investment trusts. Except as provided in SECTION 3.11(B), Permitted Equity Securities shall be denominated or traded in U.S. Dollars and be listed on the NYSE or American Stock Exchange or NASDAQ National Market System; PROVIDED, HOWEVER, that if any equity securities owned by the Fund are delisted, such equity securities shall be sold by the close of business on the second Business Day following the Business Day on which such equity securities were delisted if such securities are tradable. With respect to Permitted Equity Securities held by the Fund (individually, an "EQUITY SECURITY" and, in the aggregate, the "EQUITY SECURITIES PORTFOLIO"):
(i) Market Value of an Equity Security during a Business Day means its market price as of such time of determination and, at any other time, the market price as of the close of trading on the NYSE preceding such time of determination.
(ii) Market Value of the Equity Securities Portfolio at any time means the sum of the Market Values of each of the Equity Securities.
(iii) Notional Value of an Equity Security means the Market Value of such Equity Security.
(iv) Delta of an Equity Security means 1.
Permitted Equity Securities means common stocks, American depository receipts, preferred stocks, exchange-traded funds and equity real estate investment trusts; provided, however, that Permitted Equity Securities shall not include any security that is not listed on the NYSE or American Stock Exchange or NASDAQ National Market System; provided, further, however, that if any equity securities owned by the Fund are delisted, such equity securities shall be sold by the close of business on the second Business Day following the Business Day on which such equity securities were delisted. With respect to Permitted Equity Securities held by the Fund (individually, an "Equity Security" and, in the aggregate, the "Equity Securities Portfolio"):
(i) Market Value of an Equity Security during a Business Day means its market price as of such time of determination and, at any other time, the market price as of the close of trading on the NYSE preceding such time of determination.
(ii) Market Value of the Equity Securities Portfolio at any time means the sum of the Market Values of each of the Equity Securities.
(iii) Notional Value of an Equity Security means the Market Value of such Equity Security.
(iv) Delta of an Equity Security means 1.
Examples of Permitted Equity Securities in a sentence
The Equity Component of the Fund shall consist of a portfolio of Permitted Equity Securities, Permitted Equity Futures, Permitted Equity Options, and, solely for the purposes contemplated by Section 3.07, U.S. Government Securities, Cash Equivalents and/or Cash (collectively, "Permitted Equity Investments").
None of such issued and outstanding Securities is subject to any vesting, redemption, or repurchase agreement, and there are no warrants or options (other than Permitted Equity Securities Options) outstanding with respect to such Securities.
Except as set forth on Schedule 7.01-C, none of such issued and outstanding equity Securities is subject to any vesting, redemption, or repurchase agreement, and there are no warrants or options (other than Permitted Equity Securities Options) outstanding with respect to such equity Securities.
On any date, the sum of the outstanding principal amount of all Collateral Debt Obligations (including undrawn commitments that have not been irrevocably reduced in respect of Revolving Credit Facilities or Delayed Funding Term Loans), Eligible Investments, Permitted Equity Securities and Cash of the Issuer.
None of such issued and outstanding equity Securities is subject to any vesting, redemption, or repurchase agreement, and there are no warrants, puts, or options (other than Permitted Equity Securities Options) outstanding with respect to such equity Securities other than as disclosed on Schedule 7.01-C as attached hereto or amended from time to time.
More Definitions of Permitted Equity Securities
Permitted Equity Securities means common stocks, American depository receipts, preferred stocks, exchange-traded funds (including without limitation the funds traded under the following symbols: SPDR, DIA, and QQQ) and equity real estate investment trusts; provided, however, that Permitted Equity Securities shall not include any security that is not traded on the New York Stock Exchange or American Stock Exchange or NASDAQ National Market System. With respect to Permitted Equity Securities held by the Fund (individually, an "Equity Security" and, in the aggregate, the "Equity Securities Portfolio"):
(i) Market Value of an Equity Security during a Business Day means its market price as of such time of determination and, at any other time, the market price as of the close of trading on the NYSE preceding such time of determination.
(ii) Market Value of the Equity Securities Portfolio at any time means the sum of the Market Values of each of the Equity Securities.
(iii) Notional Value of an Equity Security means the Market Value of such Equity Security.
(iv) Delta of an Equity Security means 1.
Permitted Equity Securities has the meaning provided in SECTION 3.03(A).
Permitted Equity Securities means any sale or issuance of any Qualified Equity Securities of the Borrower or any direct or indirect parent of the Borrower, in each case to the extent not prohibited hereunder.
Permitted Equity Securities means common stocks, American depository receipts, preferred stocks, Approved ETFs and equity real estate investment trusts; provided, however, that Permitted Equity Securities shall not include any security that is not listed on the New York Stock Exchange, the American Stock Exchange, the NASDAQ National Market System or such nationally-recognized securities exchanges as the Adviser and the Insurer may agree from time to time; provided, further, however, that if any equity securities owned by the Fund are delisted, such equity securities shall be sold by the close of business on the second Business Day following the Business Day on which such equity securities were delisted. With respect to Permitted Equity Securities held by the Fund (individually, an "Equity Security" and, in the aggregate, the "Equity Securities Portfolio"):
(i) Market Value of an Equity Security during a Business Day means its market price as of such time of determination and, at any other time, the market price as of the close of trading on the NYSE preceding such time of determination. If a market price is not available the Pricing Procedures shall be used to determine the value, and such amount shall be used to determine "Market Value."
(ii) Market Value of the Equity Securities Portfolio at any time means the sum of the Market Values of each of the Equity Securities.
(iii) Notional Value of an Equity Security means the Market Value of such Equity Security.
(iv) Delta of an Equity Security means 1.
Permitted Equity Securities. The Pre-Agreed Legacy Energy & Power Preferred Equity Security and such other securities as designated from time to time by the Issuer (or the Investment Manager on its behalf) and as approved by the Liquidation Agent.
Permitted Equity Securities means common stocks, American depository receipts, preferred stocks, exchange-traded funds (including without limitation the funds traded under the following symbols: SPDR, DIA, and QQQ) and equity real estate investment trusts; provided, however, that Permitted Equity Securities shall not include any security that is not listed on the New York Stock Exchange or American Stock Exchange or NASDAQ National Market System; provided, further, however, that if any equity securities owned by the Fund are delisted, such equity securities shall be sold by the close of business on the second Business Day following the Business Day on which such equity securities were delisted if such securities are tradable. With respect to Permitted Equity Securities held by the Fund (individually, an "Equity Security" and, in the aggregate, the "Equity Securities Portfolio"):
(i) Market Value of an Equity Security during a Business Day means its market price as of such time of determination and, at any other time, the market price as of the close of trading on the NYSE preceding such time of determination.
(ii) Market Value of the Equity Securities Portfolio at any time means the sum of the Market Values of each of the Equity Securities.
(iii) Notional Value of an Equity Security means the Market Value of such Equity Security.
(iv) Delta of an Equity Security means 1.
Permitted Equity Securities capital stock of the Borrower that by its terms, or upon the happening of any event or otherwise, (i) is not convertible into or exchangeable for Indebtedness or any other securities that otherwise do not constitute "Permitted Equity Securities," (ii) (a) does not mature and (b) is not put-able or redeemable at the option of the holder thereof, in each case under clause (a) or (b) in whole or in part on or before the ninety-first (91st) day after the date on which the actual payment in full in cash of the Loan Obligations and the termination of this Agreement occurs, (iii) does not have required payments of cash dividends or other cash distributions on or before the ninety-first (91st) day after the date on which the actual payment in full in cash of the Loan Obligations and the termination of this Agreement occurs, and (iv) is unsecured and by operation of law or by legally binding agreement is subordinated in right of repayment, liens, security and remedies to all of the Loan Obligations and to all of the Agent's and the Lenders' rights, Liens and remedies under the Loan Documents and applicable law.