Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of shares of Common Stock on such date or, from and after a Reorganization Event, Marketable Securities, plus (b) from and after a Reorganization Event, the Cash Delivery Obligations.
Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of shares of Class A Common Stock on such date or, from and after a Reorganization Event, the Maximum Deliverable Number of the Marketable Securities included in the Merger Consideration in such Reorganization Event, plus (b) from and after a Reorganization Event, the Cash Delivery Obligations, plus (c) from and after a Spin-Off Distribution, the Market Value on such date of the Maximum Deliverable Number of the Marketable Securities distributed in such Spin-Off Distribution.
Pledge Value Requirement means, as of any date, that the aggregate Then-Current Value as of such date of the Eligible Cash Equivalents delivered in pledge hereunder (other than, for the avoidance of doubt, the Eligible Cash Equivalents pledged pursuant to Section 6.1(b) of the Contract) equals or exceeds 150% of the aggregate Then-Current Value as of such date of the other items of Collateral for which such Eligible Cash Equivalents have been substituted.
Examples of Pledge Value Requirement in a sentence
Such Collateral shall be released only after the Collateral Agent shall have determined that the aggregate Pledge Value of all of the Collateral remaining after such release as determined on such Business Day is at least equal to the Pledge Value Requirement.
The Pledgor shall cause the aggregate Pledge Value of the Collateral to be equal to or greater than the Pledge Value Requirement at all times, and shall pledge additional Collateral in the manner described in Section 6(d) as necessary to cause such requirement to be met.
The "Minimum Weighted Average Coupon" means, as of any date of determination, the number specified as the “Minimum Weighted Average Coupon” in the Minimum Floating Spread/Minimum Weighted Average Coupon Pairing selected by the Portfolio Manager and applicable at such time.
More Definitions of Pledge Value Requirement
Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of shares of Common Stock or, from and after an Adjustment Event, Reported Securities, on such date plus (b) from and after an Adjustment Event, the Cash Delivery Obligations plus (c) from and after [the Pledgor's] [Holdings'] extension of the Exchange Date pursuant to Section 1.3(f) of the [Holdings] Forward Contract, the aggregate Market Value on such date of the Additional Government Securities.
Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of shares of HRH Common Stock or, from and after a Reorganization Event, the Maximum Deliverable Number of Exchange Property (other than Cash Equivalents), on such date plus (b) from and after an Adjustment Event or Reorganization Event, the Cash Delivery Obligations. “Pledged Items” means, as of any date, any and all securities and instruments delivered by the Pledgor to be held by the Collateral Agent under this Collateral Agreement as Collateral, and any security entitlement in respect thereof, whether Eligible Collateral or Ineligible Collateral. “Prior Collateral” has the meaning specified in Section 6(b)(1). “Reported Securities” means any securities received in an Adjustment Event or a Reorganization Event that (A) are (i) listed on a United States national securities exchange, (ii) reported on a United States national securities system subject to last sale reporting, (iii) traded in the over-the-counter market and reported on the National Quotation Bureau or similar organization or (iv) for which bid and ask prices are available from at least three nationally recognized investment banking firms; and (B) are either (x) perpetual equity securities or (y) non-perpetual equity or debt securities with a stated maturity after the Purchase Contract Settlement Date.
Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of Ordinary Shares on such date or, from and after a Reorganization Event, the Maximum Deliverable Number of the Marketable Securities included in the Merger Consideration in such Reorganization Event (provided that when an adjustment in the Maximum Deliverable Number of Ordinary Shares occurs as the result of a Dilution Adjustment that, pursuant to the Contract, becomes effective prior to the date on which the event giving rise to the Dilution Adjustment is made public, the Pledge Value Requirement shall be adjusted as a result of such Dilution Adjustment effective as of the earlier of (x) the first Business Day following the public announcement of such event and (y) the first Business Day following the date on which Pledgor first becomes aware of such event or of the Company's intention to effectuate such event), plus (b) from and after a Reorganization Event, the Cash Delivery Obligations, plus (c) from and after a Spin-Off Distribution, the Market Value on such date of the Maximum Deliverable Number of the Marketable Securities distributed in such Spin-Off Distribution.
Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of shares of Common Stock or, from and after an Adjustment Event, Reported Securities, on such date PLUS (b) from and after an Adjustment Event, the Cash Delivery Obligations PLUS (c) from and after the extension of the Exchange Date pursuant to Section 1.3(f) of the Forward Purchase Agreement, the aggregate Market Value on such date of the Additional Government Securities.
Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of shares of Common Stock or, from
Pledge Value Requirement means, as of any date, (a) the aggregate Market Value on such date of the Maximum Deliverable Number of shares of Common Stock on such date or, from and after a Reorganization Event, the aggregate Market Value on such date of the Maximum Deliverable Number of the Marketable Securities included in the Merger Consideration in such Reorganization Event plus the Cash Delivery Obligations, plus (b) from and after a Spin-Off Distribution, the Market Value on such date of the Maximum Deliverable Number of the Marketable Securities distributed in such Spin-Off Distribution or, from and after a Reorganization Event with respect to the issuer of such spun-off Marketable Securities, the aggregate Market Value on such date of the Maximum Deliverable Number of the Marketable Securities included in the Merger Consideration in such Reorganization Event plus the Cash Delivery Obligations.
Pledge Value Requirement means, as of any date, that (a) in the case of Cash Settlement pursuant to Section 2.3(d) of the Contract, the amount of Cash delivered to the Collateral Agent in pledge pursuant hereto is at least equal to the amount of Cash required to be delivered in pledge on such date pursuant to Section 2.3(d) of the Contract, or (b) in case of the substitution of Eligible Cash Equivalents for other items of Collateral, the aggregate Then-Current Value as of such date of the Eligible Cash Equivalents delivered in pledge hereunder equal to or exceed 150% of the aggregate Then-Current Value as of such date of the other items of Collateral for which such Eligible Cash Equivalents have been substituted.