Security Exchange when used with respect to the Debentures of any series which are held as trust assets of a Trust pursuant to the Declaration of Trust of such Trust, means the distribution of the Debentures of such series by such Trust in exchange for the Preferred Securities and Common Securities of such Trust in dissolution of such Trust pursuant to the Declaration of Trust of such Trust.

Security Exchange when used with respect to the Debentures of any series which are held as assets of a Trust pursuant to the Declaration of Trust of such Trust, means the distribution of the Debentures of such series by such Trust to the holders of the Trust Securities of such Trust in exchange for such Trust Securities upon certain events described in the applicable Declaration of Trust of such Trust.

Security Exchange when used with respect to the Debentures of any series which are held as trust assets of an AES Trust pursuant to the Declaration of Trust of such AES Trust, means the distribution of the Debentures of such series by such AES Trust in exchange for the Preferred Securities and Common Securities of such AES Trust in dissolution of such AES Trust pursuant to the Declaration of Trust of such AES Trust.

Examples of Security Exchange in a sentence

It is not possible to predict if and to what extent a secondary market may develop in the Securities or at what price the Securities will trade in the secondary market or whether such market will be liquid or illiquid.If so specified in this Prospectus, applications will be or have been made to the Security Exchange specified for admission or listing of the Securities.
If so specified in this Prospectus, applications will be or have been made to the Security Exchange specified for admission or listing of the Securities.
The Offeror intends to apply for inclusion of the Securities to trading on the Security Exchange (as defined in the section entitled “Key Terms and Definitions of the Securities”).
In this case, disclosure is met by providing a web link or reference to a US Security Exchange Commission (or similar foreign regulator for a non-US corporation) ownership filing statement.
Borrower agrees: (i) in the event Lender shall, upon an Event of Default hereunder, sell the Collateral, or any portion thereof, at such private sale or sales, Lender shall have the right to rely upon the advice and opinion of any member firm of the National Security Exchange as to the best price reasonably obtainable upon such private sale thereof; and (ii) that such reliance shall be conclusive evidence that Lender handled such matter in a commercially reasonable manner under the UCC.

More Definitions of Security Exchange

Security Exchange when used with respect to the Debentures of any series that are held as trust assets of a Hawaiian Electric Industries Capital Trust pursuant to the Trust Agreement of such Hawaiian Electric Industries Capital Trust, means the distribution of the Debentures of such series by such Hawaiian Electric Industries Capital Trust in exchange for the Trust Preferred Securities and Trust Common Securities of such Hawaiian Electric Industries Capital Trust in dissolution of such Hawaiian Electric Industries Capital Trust pursuant to such Trust Agreement.

Security Exchange when used with respect to the Debentures of any series which are held as trust assets of a AES Trust pursuant to the Declaration of Trust of such AES Trust, means the distribution of the Debentures of such series by such AES Trust in exchange for the Preferred Securities and Common Securities of such AES Trust in dissolution of such AES Trust pursuant to the Declaration of Trust of such AES Trust.

Security Exchange when used with respect to the Debentures of any series which are held as trust assets of a Litchfield Capital Trust pursuant to the Declaration of Trust of such Litchfield Capital Trust, means the distribution of the Debentures of such series by such Litchfield Capital Trust in exchange for the Preferred Securities and Common Securities of such Litchfield Capital Trust in dissolution of such Litchfield Capital Trust pursuant to the Declaration of Trust of such Litchfield Capital Trust.

Security Exchange when used with respect to the Debentures of any series which are held as trust assets of a PWG Capital Trust pursuant to the Declaration of Trust of such PWG Capital Trust means the distribution of the Debentures of such series by such PWG Capital Trust in exchange for the Preferred Securities and Common Securities of such PWG Capital Trust in dissolution of such PWG Capital Trust pursuant to the Declaration of Trust of such PWG Capital Trust.

Security Exchange. The term "

Security Exchange when used with respect to the Securities of any series which are held as trust assets of a Ford Motor Company Capital Trust pursuant to the Declaration of Trust of such Ford Motor Company Capital Trust, shall mean the distribution of the Securities of such series by such Ford Motor Company Capital Trust in exchange for the Preferred Securities and Common Securities of such Ford Motor Company Capital Trust in dissolution of such Ford Motor Company Capital Trust pursuant to the Declaration of Trust of such Ford Motor Company Capital Trust.