Second Record Date definition
Examples of Second Record Date in a sentence
Unless such breach shall have been cured by the Second Record Date following the discovery or notice of such breach, the Servicer TRUST AND SERVICING AGREEMENT shall on such day purchase any Receivable materially and adversely affected by such breach (or, at the Servicer's election, the first Record Date following the discovery or notice of such breach).
As soon as practicable following the Second Record Date, the Company will send a copy of the Summary of Rights, by first-class, postage prepaid mail, to each record holder of Series A Preferred Stock and Series B Preferred Stock as of the close of business on the Second Record Date, at the address of such holder shown on the records of the Company.
Each Convertible Share that becomes outstanding after the Second Record Date is also entitled to a Right, subject to the terms and conditions of the Rights Agreement.
Certificates for Eligible Shares issued after the First Record Date and prior to the Second Record Date shall have the legend required under the Original Rights Agreement, and the reference in such legend to the Rights Agreement dated November 27, 1995, shall be deemed to include the amendments subsequently made thereto.
The Second Purchase Option shall be deemed to be exercised on the Second Record Date, at which time the decision to exercise the Second Purchase Option shall be deemed irrevocable.
Each share of 6% Convertible Preferred Stock, par value $.01 per share (the "Convertible Shares") of the Company outstanding on November 23, 2005 (the "Second Record Date"), is entitled to one Right for each share of Common Stock into which the Convertible Share is convertible as of the Distribution Date (as defined in the Rights Agreement), subject to the terms and conditions of the Rights Agreement.