Secured Settlement Obligations definition

Secured Settlement Obligations means obligations of the Issuer to transfer Bonds to the Authorised Participant subscribing to or purchasing Bonds from the Issuer in the primary market, but only if such subscribing or purchasing Authorised Participant has transferred (or arranged to be transferred) at least the Cryptocurrency Entitlement (as of the date of the subscription or purchase in the primary market) per Bond being subscribed or purchased in the primary market to the Depositary Wallet;
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Secured Settlement Obligations means obligations of the Issuer to transfer Bonds to the Authorised Participant subscribing to or purchasing Bonds from the Issuer, but only if such subscribing or purchasing Authorised Participant has transferred (or arranged to be transferred) at least the Cryptocurrency Entitlement (as of the date of the subscription or purchase) per Bond being subscribed or purchased to the Depositary Wallet;
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Secured Settlement Obligations means obligations of the Issuer to transfer Bonds to the Authorised ParticipantAG oder jede von der Emittentin ernannte andere Zahlstelle;
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Examples of Secured Settlement Obligations in a sentence

  • The obligations under the Bonds constitute direct, unsubordinated and secured obligations of the Issuer ranking pari passu among themselves, Secured Put Option Obligations and Secured Settlement Obligations.

  • The obligations under the Bonds constitute direct, unsubordinated and secured obligations of the Issuer ranking pari passu among themselves and Secured Exercise Obligations (as defined in the Terms and Conditions) and Secured Settlement Obligations (as defined in the Terms and Conditions).

  • The obligations under the Bonds con- stitute direct, unsubordinated and secured obligations of the Issuer ranking pari passu among themselves, Secured Exercise Obligations and Secured Settlement Obligations.

  • The obligations under the Bonds constitute direct, unsubordinated and secured obligations of the Issuer ranking pari passu among themselves, Secured Exercise Obligations and Secured Settlement Obligations.

  • The obligations under the Bonds constitute direct, unsubordinated and secured obligations of the Issuer ranking pari passu among themselves, together with Secured Put Option Obligations and Secured Settlement Obligations.

  • Bondholder" means any holder of a proportionate co-ownership or other beneficial interest or right in the Bonds and shall include those persons who are the beneficiaries of Secured Put Option Obligations or Secured Settlement Obligations.


More Definitions of Secured Settlement Obligations

Secured Settlement Obligations means obligations of the Issuer to transfer Bonds to the Authorised Participant subscribing to or purchasing Bonds from the Issuer in the primary market, but only if such subscribing or purchasing Authorised Participant has transferred (or arranged to be transferred) at least the Cryptocurrency Entitlement (as of the date of the subscription or purchase in the primary market) per Bond being subscribed or purchased in the primary market to the Depositary Wallet; "Gesicherte Abwicklungsverpflichtungen" bezeichnet Verpflichtungen der Emittentin, Schuldverschreibungen auf Autorisierte Teilnehmer zu übertragen, welche Schuldverschreibungen der Emittentin zeichnen oder von der Emittentin im Primärmarkt erwerben, jedoch nur wenn der zeichnende oder erwerbende Autorisierte Teilnehmer zumindest den Kryptowährungsanspruch (zum Tag der Zeichnung oder des Erwerbs im Primärmarkt) je gezeichneter bzw. im Primärmarkt erworbener Schuldverschreibung auf das Verwahrstellen- Wallet übertragen hat (bzw. die Übertragung angewiesen hat); "Secured Settlement Obligations Amount" means the amount in the cryptocurrencies (aggregate Cryptocurrency Entitlement of Bonds to be settled) of those Secured Settlement Obligations which are not yet fulfilled by the Issuer and remain outstanding; "Betrag der Gesicherten Abwicklungsverpflichtungen" bezeichnet den Betrag in den Kryptowährungen (Gesamt- Kryptowährungsanspruch der abzuwickelnden Schuldverschreibungen) jener Gesicherten Abwicklungsverpflichtungen, die noch nicht von der Emittentin erfüllt wurden und noch ausstehend sind; "Security" shall have the meaning ascribed to it in § 2 (2); "Sicherheit" hat die diesem Begriff in § 2 (2) zugeschriebene Bedeutung; "Security Documents" means (a) the German Security and Security Trust Agreement entered into between the Issuer and the Security Trustee;(b) the Cryptocurrency Security Agreement entered into between the Issuer and the Security Trustee, (c) the Depositary Account (Wallet) Control Agreement entered into between the Issuer, the Security Trustee and the Depositary;(d) the Issuance Account Control Agreement entered into between the Issuer, the Depo Bank and the Security Trustee; (e) any other agreement or document granting, acknowledging, perfecting or giving legal effect to Bondholder’s security interest in the Depositary Wallet and/or the Deposited Cryptocurrencies; or (f) any other agreement or document granting, acknowledging, perfecting or giving legal effect to Bondholder’s securi...
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Related to Secured Settlement Obligations

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Secured Swap Obligations means all Swap Obligations under any Secured Swap Agreement.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.