repurchase transaction means a transaction governed by an agreement by which a counterparty transfers securities or guaranteed rights relating to title to securities where that guarantee is issued by a recognised exchange which holds the rights to the securities and the agreement does not allow a counterparty to transfer or pledge a particular security to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities 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 and a reverse repurchase agreement for the counterparty buying them;
repurchase transaction means a transaction in which an insurer purchases securities from a business entity that is obligated to repurchase the purchased securities or equivalent securities from the insurer at a specified price, either within a specified period of time or upon demand.
repurchase transaction means any transaction governed by an agreement falling within the definition of ‘repurchase agreement’ or ‘reverse repurchase agreement’
Examples of repurchase transaction in a sentence
From and after the Announcement, the Company shall have disclosed all material, non-public information (if any) provided to Seller by the Company or any of its officers, directors, employees or agents in connection with the Repurchase Transaction.
Each of the parties hereto shall do and perform and execute and deliver, or cause to be done and performed or executed and delivered, and without further consideration, all further acts and all other agreements, certificates, book entries, instruments, instructions and documents as may be necessary or as any other party hereto may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the Repurchase Transaction.
Each party hereto shall pay all of its own fees and expenses (including attorneys’ fees) incurred in connection with this Agreement and the Repurchase Transaction.
The Company shall, on or before 9:30 am New York time, on the first business day after the date of this Agreement (or on the date of this Agreement, if such Agreement is signed prior to 9:30 am New York time), furnish or file a Report on Form 8-K or a press release describing all the material terms of the Repurchase Transaction (the “Announcement”).
The closing of the Repurchase Transaction shall occur substantially concurrently with the execution of this Agreement.
More Definitions of repurchase transaction
repurchase transaction means any transaction governed by a repurchase agreement or a reverse repurchase agreement;
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. A repurchase transaction, as defined and described in Section 6.6.
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 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 means each transaction entered into between Bank, as agent for Lender in accordance with these Investment Guidelines, and a counterparty under the terms of a Repurchase Agreement pursuant to which the counterparty initially transfers securities to Bank (the “Purchased Securities”), for the account of Lender and 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 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 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, Lender shall, at the expense of Bank, file and prosecute such complaints and lawsuits and take such action as Bank may reasonably request in connection with the recovery of any such payment, loss or expense and shall otherwise reasonably cooperate with Bank in any such claim or litigation. SCHEDULE I-A: ACCEPTABLE COLLATERAL FOR REPURCHASE REINVESTMENTS Yes/No Collateralization CASH Yes 100 % U.S. TREASURIES BILLS Yes 102 % BONDS Yes 102 % NOTES Yes 102 % STRIPS Yes 102 % SYNTHETIC TREASURIES No — (e.g.CATS,COUGRS,TIGRS) TIPS Yes 102 % AGENCY DEBENTURES FAMC (Fed Agriculture Mtge Corp) No — FCFAC (Farm Credit Xxxxx. Asst.) No — FFCB (Farm Credit System Banks) Yes 102 % FmHA (Farmers Home Admin.) No — FHLB (Federal Home Loan Banks) Yes 102 % FHLMC (Federal Home Loan Mtge) Yes 102 % FICO (Financing Corporation) No — FLBB (Federal Land Bank Bonds) No — FNMA (Federal Nat’l Mtge Corp) Yes 102 % REFCO (Resolution Funding Corp) No — SLMA (Student Loan Mtge Corp) No — TVA (Tennessee Valley Authority) No — USPS (U.S. States Postal Service) No — AGENCY STRUCTURED NOTES No — — INTERNATIONAL AGENCIES — ADBB (Asian Development Bank) No — AFDB (African Development Bank) No — IADB (Inter-American Dev. Bank) No — IFCO (International Finance Corp) No — WLDB (World Bank) No — WLDB (World Bank) No GNMA TRUST RECEIPTS Yes 102 % GNMA I/II-SINGLE FAMILY Yes 10...
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;