Examples of Securities Escrow Agent in a sentence
Upon resolution of the Claim of the holder of a Disputed Claim or a Contingent Claim and determination that such holder is a Composition Creditor in respect of its resolved Claim, the Issuer shall instruct the Securities Escrow Agent to transfer Settlement Bonds to the holder of the Disputed Claim or Contingent Claim, as applicable, in the aggregate principal amount determined in accordance with Condition 8.5(b).
The exercise of any right under this Article 8 in respect of Depositary Receipts held by the Securities Escrow Agent shall in all circumstances be subject to the terms of the Securities Escrow Deed.
The exercise of any right under this Article 5 in respect of Depositary Receipts held by the Securities Escrow Agent shall in all circumstances be subject to the terms of the Securities Escrow Deed.
Each Depositary Receipt confers the right to cast one vote, with the exception of Depositary Receipts that are registered in the name of the Securities Escrow Agent.
References in the Administrative Conditions to "Depositary Receipts" and "Holders of Depositary Receipts" are to be read as to apply mutatis mutandis to the beneficial rights granted by the DR Custodian to the holders thereof and/or the Securities Escrow Agent, as the case may be, subject to the terms and conditions of the Custody Deed (and in case of the Securities Escrow Agent in addition to the terms and conditions of the Custody Deed, the terms and conditions of the Securities Escrow Deed).
The Depositary Receipts that are held by the Securities Escrow Agent are deemed to be non-voting.
The exercise of any right under this Article 6 in respect of Depositary Receipts held by the Securities Escrow Agent shall in all circumstances be subject to the terms of the Securities Escrow Deed.
Subject to the Custody Deed, Depositary Receipts shall be delivered to the DR Custodian, who in turn will hold the Depositary Receipts for and on behalf of the beneficial Holders of Depositary Receipts and/or the Securities Escrow Agent, as the case may be.
If a Bondholder is unable to provide certifications that are satisfactory to the Issuer (acting reasonably), the Issuer shall procure the transfer of the Bonds relating to such Bondholders to the Securities Escrow Agent to be held pursuant to the terms of the Securities Escrow Agreement.
A Partial Issuer Conversion shall apply in respect of all of the outstanding Bonds in issue, and the reduction in the aggregate principal amount outstanding under the Bonds effected by the Partial Issuer Conversion shall be applied on a pro rata basis across the holdings of each Bondholder (including any holdings of Bonds by the Securities Escrow Agent in respect of Disputed Claims or Contingent Claims).