Examples of Pledged Preferred Shares in a sentence
It is also linked with adaptive capacity in responding to risk, such as climate change, with societal adaptive capacity and social cohesion.
Upon Early Settlement of Purchase Contracts by a Holder of the related Securities, the Pledged Preferred Shares underlying such Securities shall be released from the Pledge as provided in the Pledge Agreement and the Holder shall be entitled to receive a number of Ordinary Shares on account of each Purchase Contract forming part of an Income PRIDES as to which Early Settlement is effected equal to the Early Settlement Rate.
Without limiting the generality of the foregoing, such remedies may include, to the extent permitted by applicable law, (i) retention of the Pledged Preferred Shares or other Collateral in full satisfaction of the Holders' obligations under the Purchase Contracts or (ii) sale of the Pledged Preferred Shares or other Collateral in one or more public or private sales.
Upon receiving such Pledged Preferred Shares, the Remarketing Agent, pursuant to the terms of the Remarketing Agreement and the Remarketing Underwriting Agreement, will use its reasonable efforts to remarket such Pledged Preferred Shares on such date at a price not less than approximately 100.5% of the aggregate Value of such Pledged Preferred Shares, plus accumulated and unpaid dividends, if any, thereon.
The Collateral Agent shall, by 10:00 a.m., New York City time, on the fourth Business Day immediately preceding the Purchase Contract Settlement Date, without any instruction from such Holder of Income PRIDES, present the related Pledged Preferred Shares to the Remarketing Agent for remarketing.
On the Purchase Contract Settlement Date, the Collateral Agent shall apply that portion of the Proceeds from such remarketing equal to the aggregate Value, plus such accumulated and unpaid distributions of such Pledged Preferred Shares, to satisfy in full the obligations of such Holders of Income PRIDES to pay the Purchase Price to purchase the Ordinary Shares under the related Purchase Contracts.
The Holder further covenants and agrees, that, to the extent and in the manner provided in the Purchase Contract Agreement and the Pledge Agreement, but subject to the terms thereof, payments in respect to the Stated Amount of the Pledged Preferred Shares on the Purchase Contract Settlement Date shall be paid by the Collateral Agent to the Company in satisfaction of such Holder's obligations under such Purchase Contract and such Holder shall acquire no right, title or interest in such payments.
After deducting as the remarketing fee an amount not exceeding 25 basis points (.25%) of the aggregate Value of the Pledged Preferred Shares from any amount of such Proceeds in excess of the aggregate Value, plus such accumulated and unpaid dividends of the remarketed Pledged Preferred Shares, the Remarketing Agent will remit the entire amount of the Proceeds of such remarketing to the Collateral Agent.
So long as the Purchase Contract Agent is the registered owner of the Pledged Preferred Shares, it shall receive all payments thereon.
However there may be a need to commission care at home services from alternative Providers under a call off arrangement should there be capacity issues with any of the Framework providers.