Examples of Qualifying Equivalent Securities in a sentence
The principal amount of the Qualifying Equivalent Securities to be received by Noteholders in any substitution will have the same Principal Amount as the Notes prior to variation or substitution.
The principal amount of the Qualifying Equivalent Securities to be received by Noteholders in substitution will be equal to the Principal Amount of the Notes.
The principal amount of the Qualifying Equivalent Securities to be received by Noteholders in exchange will be equal to the Principal Amount of the Notes.
If a Regulatory Event or a Rating Methodology Event occurs, the Issuer may, at any time, without any requirement for the consent or approval of the Noteholders, vary the Conditions or exchange all (and not some only) of the Notes for other Notes, so that the varied Notes or the exchanged Notes, as the case may be, become Qualifying Equivalent Securities.
If Qualifying Equivalent Securities are substituted for the NCPCS, the amount of Qualifying Equivalent Securities to be given in substitution for each NCPCS shall be equal to the original principal amount of the NCPCS.