Repurchased Securities definition
Examples of Repurchased Securities in a sentence
Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the Company, the Repurchased Securities, free and clear of all Liens.
For the avoidance of doubt, until the Closing, except as expressly set forth in this Section 4.01, the Seller shall continue to be able to exercise all rights and privileges with respect to the Repurchased Securities.
The Repurchased Securities are being acquired by the Company for its own account and without a view to the public distribution or sale of the Repurchased Securities.
Except for the prior written approval of the National Credit Union Administration for the Company to purchase the Repurchased Securities from the Seller, no consents or approvals of, or filings or registrations with, any Governmental Entity or of or with any other third party by and on behalf of the Company are necessary in connection with the execution and delivery by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby.
Except for the prior written approval of the Board of Governors of the Federal Reserve System for the Company to purchase the Repurchased Securities from the Seller, no consents or approvals of, or filings or registrations with, any Governmental Entity or of or with any other third party by and on behalf of the Company are necessary in connection with the execution and delivery by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby.
The Client consents to the Trustee (acting on behalf of the Client) transferring free and cleared funds held in the Trustee’s Cash Account in respect of the Repurchased Securities to the Dealer’s Bank Account.
Upon delivery of the Repurchase Notice and the Repurchase Price, the Warrants so repurchased and all rights and interests therein or relating thereto shall be deemed cancelled and the Company shall have the right to retain and transfer to its own name the Repurchased Securities.
The Repurchase Notice shall provide (i) that the Company is exercising its Repurchase Option in connection with this Agreement; (ii) the number of Warrants the Company is repurchasing and (iii) the aggregate Repurchase Price to be paid for the Repurchased Securities.
The representations, warranties and covenants set forth herein shall survive the execution and delivery hereof, the Effective Date and the transfer of the Repurchased Securities pursuant hereto.
The number of Repurchased Securities to be reissued shall be adjusted to the extent the number of outstanding shares of Common Stock or the Company is adjusted at any time prior to the Business Combination.