Examples of repurchase transaction in a sentence

Lender: [Name of CUSTOMER] Borrower: [Name of Dealer] Date: Subject: Transaction (Reference No: [ ]) Dear Sirs, The purpose of this letter (which constitutes a “Confirmation” for the purposes of the Master Repurchase Agreement between us (the “Agreement”)) is to set forth the terms and conditions of the Repurchase Transaction between us entered into on the Contract Date referred to below.

More Definitions of repurchase transaction

repurchase transaction means each transaction entered into between the Bank, as agent for the Lender, and a Counterparty under the terms of a Repurchase Agreement pursuant to which the Counterparty initially transfers securities to the Bank (the “Purchased Securities”), for the account of the Lender and the Bank transfers cash to the Counterparty (the “Purchase Price”). Lender agrees, without the execution of any documents or the giving of any notice, that Bank is and will remain subrogated to all of Lender’s rights under the relevant Repurchase Agreement to the extent of any payment, loss or expense or credit by the Bank pursuant hereto including, but not limited to, Lender’s rights with respect to Purchased Securities held in respect of any such Repurchase Transaction. Lender agrees to execute and deliver to Bank such documents as Bank may reasonably require and otherwise to co-operate reasonably with Bank to effectuate the forgoing subrogation. If for any reason the Bank cannot assert any such rights and remedies against the Counterparty to any such Repurchase Transaction and/or its successors and assigns in its own right, the Lender shall, at the expense of the Bank, file and prosecute such complaints and lawsuits and take such action as the Bank may reasonably request in connection with the recovery of any such payment, loss or expense and shall otherwise cooperate reasonably with the Bank in any such claim or litigation.

repurchase transaction means a transaction in which an insurer purchases securities from a business entity which is obli- gated to repurchase the purchased securities or equivalent securi- ties from the insurer at a specified price, either within a specified period or upon demand.

repurchase transaction means any transaction governed by a repurchase agreement or a reverse repurchase agreement;

repurchase transaction means a repurchase transaction in which the Borrower or a Subsidiary borrows a security and delivers it to a purchaser and at a later date, the Borrower or such Subsidiary purchases the identical security in the market to replace the borrowed security; provided, that such transaction shall have been entered into by the Borrower or such Subsidiary solely in connection with the Borrower’s or such Subsidiary’s investment portfolio and in accordance with the Investment Policy of the Borrower or such Subsidiary, as applicable.

repurchase transaction. A repurchase transaction, as defined and described in Section 6.6.

repurchase transaction means a transaction whereby DEALER agrees to sell Eligible Securities (the “Purchased Securities”) to the CUSTOMER at an agreed price (the “Purchase Price”) on an agreed date (the “Purchase Date”) and the CUSTOMER simultaneously agrees to sell the Purchased Securities to DEALER for an agreed price (the “Repurchase Price”) on an agreed date (the “Repurchase Date”), subject to the terms hereof, as set out in the applicable Confirmation;

repurchase transaction means a transaction governed by an agreement by which a counterparty transfers securities, commodities, or guaranteed rights relating to title to securities or commodities where that guarantee is issued by a recognised exchange which holds the rights to the securities or commodities and the agreement does not allow a counterparty to transfer or pledge a particular security or commodity to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities or commodities of the same description at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the counterparty selling the securities or commodities and a reverse repurchase agreement for the counterparty buying them;