Preferred Shares Insurance Policy definition

Preferred Shares Insurance Policy means the Financial Guaranty Senior Facility Insurance Policy No. AB0780BE issued by the Insurer with respect to the Money Market Preferred Shares pursuant to the Preferred Shares Insurance Agreement, including any endorsement thereto.
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Preferred Shares Insurance Policy means the Preferred Shares Insurance Policy No. AB0823BE which guarantees the timely payment of dividends on certain of the Borrower's Preferred Shares and the payment of the aggregate liquidation preference on such preferred shares.
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Preferred Shares Insurance Policy means the Financial Guaranty Insurance Policy No.AB0780BE issued by the Credit Enhancer with respect to the Preferred Shares pursuant to the Preferred Shares Insurance Agreement, including any endorsement or amendment thereto.
Sample 1

Examples of Preferred Shares Insurance Policy in a sentence

  • Notwithstanding the foregoing, but only for the purpose of determining the Applicable Rate, no Failure to Deposit shall be deemed to have occurred if the Credit Enhancer pays to the Auction Agent, in accordance with the Preferred Shares Insurance Policy, the full amounts due in accordance with clauses (A) and (B) above and such payment is made when due thereunder.

  • Accordingly, the parties hereto desire to specify the conditions precedent to the issuance of the Preferred Shares Insurance Policy and any Increase Endorsement (as defined herein) thereto by Ambac and to provide for the indemnification of Ambac and certain other matters.

  • Each of the parties hereto agrees and acknowledges that Ambac is relying on each of the Issuer's covenants contained herein, including, but not limited to, the covenant set forth in Section 2.2(g), in issuing the Preferred Shares Insurance Policy and that the breach of any such covenant, may result in foreseeable damages to Ambac including causing Ambac to be required to make payments under the Preferred Shares Insurance Policy.

  • The parties hereto acknowledge that this Agreement has been executed by Ambac, that this Agreement has been delivered by the parties hereto and that the Preferred Shares Insurance Policy have been issued and delivery received, all in the State of New York.

  • The Borrower shall notify Ambac and Moody's (so long as Xxxxx'x is rating the risk securing Ambac's obligations under the Loan Insurance Policy and the Preferred Shares Insurance Policy) five (5) Business Days prior to the effectiveness of any proposed amendment for which the consent of Ambac has not been sought.

  • The Agreement shall be valid for a period of months, only commencing on the ……………………….day of ………………………………..and terminating on the ……………………………….

  • As consideration for Ambac issuing the Preferred Shares Insurance Policy, the Issuer has agreed to pay Ambac a periodic premium, to reimburse Ambac for any amounts paid by Ambac under the Preferred Shares Insurance Policy and to indemnify or reimburse Ambac for certain liabilities, costs and expenses, all as more fully set forth herein.

  • This Agreement, the Preferred Shares Insurance Policy and the Premium Letter sets forth the entire agreement between the parties with respect to the subject matter thereof, and this Agreement, the Preferred Shares Insurance Policy, and the Premium Letter supersede and replace any agreement or understanding that may have existed between the parties prior to the date hereof in respect of such subject matter.

  • The Issuer shall notify Ambac and Moody's (so long as Xxxxx'x is rating the risk securing Ambac's obligations under the Loan Insurance Policy and the Preferred Shares Insurance Policy) five (5) Business Days prior to the effectiveness of any proposed amendment for which the consent of Ambac has not been sought.

  • Ambac shall have received confirmation, satisfactory to it, that the risk secured by the Loans Insurance Policy constitutes an "AA" risk by S&P and the risk securing Ambac's obligations under the Loans Insurance Policy and the Preferred Shares Insurance Policy, collectively, constitutes an "Aa2" risk by Moody's.

Related to Preferred Shares Insurance Policy

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Prefunded Warrant Shares means the shares of Common Stock issuable upon exercise of the Prefunded Warrants.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Series D Shares means shares of Series D Convertible Preferred Stock, par value $0.001 per share of the Company and having the rights, privileges, preferences and restrictions set forth in the Charter.

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Pre-Funded Warrants means, collectively, the Pre-Funded Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Pre-Funded Warrants shall be exercisable immediately and shall expire when exercised in full, in the form of Exhibit A-2 attached hereto.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Series A Shares means Series A currency hedged mutual fund shares and/or Series A non-currency hedged mutual fund shares of a fund, as applicable.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.