Examples of qualifying exchange in a sentence
If such conversion would result in a Voluntary Termination Payment, such conversion shall not become effective unless Tenant shall first have paid pursuant to Landlord's direction letter an amount which is equal to the sum of (i) the Voluntary Termination Payment and (ii) the other amounts, if any, required to be paid to the Qualifying Financial Institution under the Qualifying Exchange Agreement as a result of such Voluntary Termination.
On and after the Mandatory Redemption Date, (i) the Principal Amount of this Security shall cease to be payable, (ii) the interest hereon shall cease to accrue and be payable, and (iii) this Security shall thereafter represent only the right to receive the Mandatory Redemption Amount (in the case of a Qualifying Exchange Event) or, in any other case, the Subject Jersey Preference Shares and, if applicable, the Interest Portion (if any).
In the event of a Qualifying Exchange of Shares, if the Option Holder is offered a New Option and does not accept the offer within the period set out in the offer the Option will lapse immediately on the expiry of that period and cease to be capable of exercise under any of the provisions of these Rules.
In the event that the Mandatory Redemption Date occurs on a day that is not a Business Day, then payment of the Mandatory Redemption Amount (in the case of a Qualifying Exchange Event) or, in any other case, the Subject Jersey Preference Shares and, if applicable, the Interest Portion (if any) may be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay).
Purchaser and Seller will reasonably cooperate with each other if either elects to utilize such Qualifying Exchange in connection with the conveyance of the Property, including, but not limited to, the assignment of this Agreement to a Qualified Intermediary as defined in the Code, the closing of the sale through such Qualified Intermediary and the re-assignment of this Agreement from such Qualified Intermediary.