Security Stock definition

Security Stock means Security Stock as defined in the Debenture Trust Deed.
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Security Stock means Stock issued pursuant to and in accordance with clause 6.1.1;
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Security Stock has the meaning ascribed to it in Clause 7.10;
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Examples of Security Stock in a sentence

  • Security Stock may at any time be surrendered in whole or in part by the holder thereof, and upon surrender the Council shall cancel such Security Stock.

  • If the amount referred to in clause 6.3.1(a)(i) exceeds the amount referred to in clause 6.3.1(a)(ii), the Stockholder may, in its sole discretion, determine which of the liabilities, advances, accommodation and obligations secured by the Security Stock shall be included as the Priority Principal Amount, and the interest referred to in clause 6.3.1(b) will be calculated on this basis.

  • Any Security Stock Certificate which is issued shall state a nominal amount, which will not limit the amount secured, but will be relevant for the purposes of determining priority in accordance with clause 6.3.

  • The Security Stock referred to in this Certificate is Security Stock constituted and secured by a debenture trust deed (Trust Deed) dated on or about [ ] between the Council and Covenant Trustee Services Limited and is issued with the benefit and subject to the provisions of the Trust Deed, the conditions endorsed on and/or otherwise applicable to such Stock and this Certificate, including the further conditions (included in the term Conditions).

  • The Trustee shall give not less than 14 days' notice to the Stockholders of the day, place and time fixed for any payment to them under clauses 15.1 or 15.2 and after the day so fixed the Stockholders shall be entitled to interest on the balance only (if any) of the Principal Money owing on the Stock held by them (or in the case of the Security Stock on the actual balance secured thereby) after deducting the amount (if any) payable in respect thereof on the day so fixed.

  • The Council may require any Stockholder to surrender its Security Stock if the Council has no indebtedness (actual or contingent) to the Stockholder which is secured by that Security Stock, and no obligation to allow the Council to incur any indebtedness to it which would be secured by that Security Stock at any future time.


More Definitions of Security Stock

Security Stock. Our suppliers are expected to keep a reduced security stock in order to guarantee at all times deliveries according to our order schedules. However Quadrant CMS shall not be obliged to take extra stock quantities for any products, leveling more than 4 weeks of our average consumption beyond our order program. We will, as far as possible, keep our suppliers timely informed of changes in consumption as well as of the timing series will run out, so that our suppliers can adapt their security stock levels accordingly. Safety stocks should be removed between 6 to 8 weeks before the end of the series. Goods must be delivered first in first out (FIFO). The supplier must be able at all times to present us an acceptable contingency plan for applied machinery and tools. Guarantee of delivery of goods for the lifetime of a project accordingly the ISO/TS 16949. Delivery service of spare parts should be assured till 15 years after the end of a project according the same ingredients, process and location. Quadrant CMS will not accept a higher price for the last run out.
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Security Stock means security stock issued under a Debenture Trust Deed in respect of obligations owed by a Guarantor.
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Security Stock to replace the Escrow Shares (the "Security Shares"). Up to all of the Security Shares and up to all of any additional shares of EEGC Common Stock that may in the future be issued and deposited into escrow by EEGC in accordance with the Purchase Agreement (the "Additional Security Shares") may be released from escrow from time to time to the Investor or its assigns to satisfy EEGC's obligations upon conversion of the Debentures by the Investor or its assigns in accordance with the terms of the Purchase Agreement and the Debentures. This letter addresses the validity of the issuance of the Security Shares and Additional Security Shares and the delivery of the Security Shares and Additional Security Shares to the Investor or its assigns from time-to-time in accordance with the Merger Agreement, Purchase Agreement and BOCI Debentures. The BOCI Debentures, EEGC Common Stock, Security Shares and Additional Security Shares, are referred to collectively herein as the "EEGC Securities." You have requested that we provide you with separate legal opinions (i) covering the issuance of the Security Shares and any Additional Security Shares to the effect that the BOCI Debentures and the BOCI Common Stock, and the EEGC Securities, as the case may be, may be issued without a restrictive legend and may be freely traded; and (ii) covering the issuance of EEGC Common Stock as Security Shares and Additional Security Shares pursuant to the terms of the Merger Agreement, Purchase Agreement and the BOCI Debentures to the effect that such shares (or any part thereof) may be issued and subsequently delivered to the Investor or its assigns upon the receipt by EEGC of any notices of conversion issued by the Investor or its assigns pursuant to the terms of the Purchase Agreement and the BOCI Debentures without a restrictive legend and may be freely traded. This opinion covers any issuance of EEGC Securities and the delivery of the same to the Investor or its assigns in accordance with the terms of the Purchase Agreement, the Merger Agreement and the BOCI Debentures.
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Security Stock. Our suppliers are expected to keep a reduced security stock in order to guarantee at all times deliveries according to our order schedules. However Mitsubishi Chemical Advanced Materials Plastics shall not be obliged to take extra stock quantities for any products, leveling more than 4 weeks of our average consumption beyond our order program. We will, as far as possible, keep our suppliers timely informed of changes in consumption as well as of the timing series will run out, so that our suppliers can adapt their security stock levels accordingly. Safety stocks should be removed between 6 to 8 weeks before the end of the series. Goods must be delivered first in first out (FIFO). The supplier must be able at all times to present us an acceptable contingency plan for applied machinery and tools. Guarantee of delivery of goods for the lifetime of a project accordingly the IATF 16949. Delivery service of spare parts should be assured till 15 years after the end of a project according the same ingredients, process and location. Mitsubishi Chemical Advanced Materials Plastics will not accept a higher price for the last run out. Secrecy agreements: Mitsubishi Chemical Advanced Materials Plastics can ask the supplier for new developed parts to sign and agree with the secrecy agreement. The purchase orders for ingredients are sent out by fax, mail and next by post if the supplier hasn’t signed the U-fax. The Mitsubishi Chemical Advanced Materials Plastics purchase conditions are then the only agreed conditions for our suppliers. Disagreeing order confirmations should reach us within 2 days by fax or mail. We expect our suppliers to inform us about their inability to supply ordered materials and quantities at the delivery times mentioned on our purchase orders within one week after receiving the order. When a supplier is unable to meet the agreed delivery time, he must ask for concession, which will allow us to discuss the attainable delivery time with our customer and if accepted will avoid the costs of late deliveries. Samples & prototypes: IATF 16949 recommend to use the definitive supplier for a project in the earlier stage of a project and to order the first prototypes from this chosen supplier. The product development process in the automotive remains a relatively long process, during which frequent orders or frequently changed versions of samples and prototypes must be received within the shortest timings.
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Security Stock means debenture stock or other secured indebtedness by whatever name called, constituted and issued by FSSI under this Deed and for the time being outstanding and uncancelled or a specified portion of it as the case may require issued pursuant to and in accordance with clause 2.3;
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Related to Security Stock

  • Equity Security means any stock or similar security, including, without limitation, securities containing equity features and securities containing profit participation features, or any security convertible into or exchangeable for, with or without consideration, any stock or similar security, or any security carrying any warrant, right or option to subscribe to or purchase any shares of capital stock, or any such warrant or right.

  • Parity Stock means any class or series of stock of the Corporation (other than Designated Preferred Stock) the terms of which do not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Corporation (in each case without regard to whether dividends accrue cumulatively or non-cumulatively).

  • Similar Security means a reference bond or reference bonds issued by the same issuer as the Reference Security having actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Common Stock Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

  • Capital Stock of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

  • Common Stock means the common stock of the Company.

  • Purchase Money Security Interest means Liens upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property.

  • Common Shares means the common shares in the capital of the Company;

  • Security Event means an immediately reportable subset of security incidents which incident would include:

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.