Securities Default definition

Securities Default means if XRP is determined on an official basis (including without limitation by settlement) by the U.S. Securities and Exchange Commission (or (1) another governmental authority or (2) a governmental agency of similar stature and standing) to constitute a security on a current and going forward basis (and not, for the avoidance of doubt, a determination that XRP was a security in the past).7

Securities Default means, in respect of any of the Securities, an “Event of Default” as defined in the terms and conditions of such Securities.

Examples of Securities Default in a sentence

• Any Scheduled Distribution Date, the Maturity Date or any Underlying Securities Default Distribution Date or, if applicable, any Underlying Securities Redemption Distribution Date.

• Yavas (2016): “Servicers and Mortgage- Backed Securities Default: Theory and Evidence,” Real Estate Economics, 44, 462–489.Ashcraft, A., K.

• D Amount Owned Whether the Beneficially or Securities Are Held as Collateral Percent of Voting or Security for Class Represented Nonvoting obligations in by Amount Given Title of Class Securities Default in Col.

• Maximum Number of [Name of Certificates] Up to [_________] Aggregate Stated Amount of [Name of Certificates]: $[__________] Authorized Denomination: $[___] and integral multiples thereof Rating Agencies: [_________] Closing Date: [________, 20__] Distribution Dates: [_________] and [_________], the Maturity Date, [any Underlying Securities Redemption Distribution Date] or any Underlying Securities Default Distribution Date.

• The critical question is whether Section 5.4 is susceptible to any meaning that permits the conclusion that a Securities Default has occurred.

• The question is not yet resolved, so a “determination” has not yet been made; and when it is made, it will be made by the District Court.The plain language of Section 5.4 precludes treating the SEC’s filing of the Enforcement Action as a Securities Default.2. The Wells Notice Does Not Trigger A Securities Default.

• D Amount Owned Whether the Beneficially or Securities Are Held as Collateral Percent of Voting or Security for Class Represented Nonvoting obligations in .by Amount Given Title of Class Securities Default in Col.

• A market disruption deferral will not constitute a Capital Securities Default, provided that if any Deferred Interest has not been paid, or an amount set aside for payment, within 14 days after the date on which any such Market Disruption Event is no longer continuing, such failure will constitute a Capital Securities Default.

• In this instance, the Underlying Securities will be sold and the investor will bear any loss incurred equal to the difference between par and the price at which the Underlying Securities are sold (for full details see “Annex To The Pricing Supplement” under “Underlying Securities Default Event”).

• On March 5, the Court issued its opinion denying Tetragon’s injunction motion relief and dissolving the TRO.The Court concluded that the plain language of the Securities Default provision reads as Ripple has asserted, and that the SEC has not determined XRP’s status on an official basis.