Preferred Instrument definition

Preferred Instrument means the Preferred Stock of Shelf Drilling, Ltd., a Cayman Islands exempted company, issued as preferred shares on October 12, 2012, as amended, restated, modified, supplemented or replaced from time to time.
Sample 1Sample 2
Preferred Instrument means the Preferred Stock of the Ultimate Parent, a parent of Borrower, issued as preferred shares on October 12, 2012, as amended, restated, modified, supplemented or replaced from time to time.
Sample 1
Preferred Instrument means the Preferred Stock of Shelf Drilling, Ltd., a Cayman Islands exempted company and a parent of Borrower, issued as preferred shares in connection with the Restructuring Transactions.
Sample 1

Examples of Preferred Instrument in a sentence

  • The Company has entered into, or expects to enter into, separate subscription agreements substantially similar in all material respects to this Agreement with other subscribers, and such subscribers shall also hold pro rata beneficial interests (based on their respective subscription amounts) in the Omnibus Series A Preferred Instrument.

  • Reuven Ehrlich (Avi-Ran), “Terrorism as a Preferred Instrument of Syrian Policy,” ICT Research Fellow, www.ict.org.il/, accessed October 16, 1999.

  • As of the Petition Date, the Trusts had no funds available for distribution and, therefore, the CNC Guarantee of Trust Originated Preferred Instrument Claims are Allowed in the amount of $0.

  • This Omnibus Series A Preferred Instrument initially shall entitle each Subscriber to a beneficial ownership interest herein that represents the number of shares of Series A Preferred equal to the product of (i) the quotient of such Subscriber’s Subscription Amount divided by the Omnibus Series A Preferred Instrument Amount; times (ii) the quotient of the Omnibus Series A Preferred Instrument Amount divided by $XXX (the “Beneficial Interest”).

  • The Facility is secured by working interests in a subset of the Company's producing assets, which are held by an affiliate of its operating subsidiary, HB2 Origination, LLC, and charges interest at 7.00%.Proceeds from the Facility will be used to repay existing indebtedness and the Company's asset backed preferred instrument (the "Preferred Instrument") and for general corporate purposes.With the closing of the Facility, the Company completes the full refinancing of the Preferred Instrument.

  • Preferred Instrument of Choice (Please rank using 1, 2, 3, etc.) Snare Tenor Bass Piano Bells Auxiliary Cymbals Students must have a firm commitment to attending all rehearsals and exhibitions unless illness or emergencies prevent from doing so.

  • The Preferred Instrument was put in place to buy out a legacy partner; at the current share price, the buy out has captured approximately US$45 million of net value for the Company.

  • KS1 45 min classes KS2 45 min classes Preferred Instrument Family * * subject to availability Number of classes: x £1770 = £ I would like the reduced SLA £1500 for “Flying Fives”.

Related to Preferred Instrument

  • Permitted Instruments Any one or more of the following:

  • Gift instrument means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.

  • Material Debt Instrument means any physical instrument evidencing any Indebtedness for borrowed money which is required to be pledged and delivered to the Administrative Agent (or its bailee) pursuant to the Security Agreement.

  • Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 374b of the Czech Insolvency Act implementing Article 108(2) BRRD and any other obligations of the Issuer which, to the extent permitted by Czech law, rank or are expressed to rank pari passu with the Non-Preferred Senior Instruments of the Issuer.

  • Debt Instrument means any loan, bond, debenture, promissory note or other instrument evidencing indebtedness (demand or otherwise) for borrowed money or other liability;

  • Subsequent Transfer Instrument Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Company substantially in the form attached hereto as Exhibit D, by which Subsequent Mortgage Loans are transferred to the Trust Fund.

  • Hybrid Preferred Securities Subsidiary means any Delaware business trust (or similar entity) (i) all of the common equity interest of which is owned (either directly or indirectly through one or more wholly-owned Subsidiaries of the Company) at all times by the Company or a wholly-owned direct or indirect Subsidiary of the Company, (ii) that has been formed for the purpose of issuing Hybrid Preferred Securities and (iii) substantially all of the assets of which consist at all times solely of Junior Subordinated Debt issued by the Company or a wholly-owned direct or indirect Subsidiary of the Company (as the case may be) and payments made from time to time on such Junior Subordinated Debt.

  • Trust instrument means this Agreement and Declaration of Trust as the same may be amended and restated from time to time.

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • municipal debt instrument means any note, bond, debenture or other evidence of indebtedness issued by a municipality, including dematerialised or electronic evidence of indebtedness intended to be used in trade;

  • Pledged Debt Instruments means all right, title and interest of any Grantor in Instruments evidencing any Indebtedness owed to such Grantor, including all Indebtedness described on Schedule 2 (Pledged Collateral), issued by the obligors named therein.

  • Limited Recourse Indebtedness means Indebtedness incurred by the Parent Guarantor or any Subsidiary to finance the creation or development of a Project or proposed Project of the Parent Guarantor or such Subsidiary, provided that, as specified in the terms of such Limited Recourse Indebtedness:

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Debt Instruments means bonds, notes or other debt securities (however defined), which are or are intended to be quoted, listed, traded or otherwise admitted to trading on a Regulated Market or an MTF.

  • Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement.

  • Subordination Event means any one of the following events:

  • Reference Instrument means Natural Gas (Henry Hub) Future.Currency: USDISIN: US12573E1010Bloomberg Symbol: NG1 Comdty

  • Preferred ’ means any of the above securities that are publicly traded on a recognized securities exchange and the securities have a rating of ‘‘A’’ or above. If the securities are not ‘‘Preferred,’’ they are listed as ‘‘Other.’’

  • money market instrument means with respect of an Index Calculation Date the Stockholm Interbank Offered Rate 3 Months (the "Reference Interest Rate"), as published on Bloomberg page STIBB3M Index (or any replacement Bloomberg page which displays that rate) (the "Screen Page") around 11:00 a.m. (London time) on that day.

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.