Examples of Seller Securities in a sentence
The purpose of this Annex ("Repurchase Annex") is to govern Transactions ("Repurchase Transactions") in which one party (the "Seller") sells to the other (the "Buyer") Securities against payment of an agreed price (the "Purchase Price") and in which the Buyer sells to the Seller Securities of the same kind and quantity as such Securities against payment of another agreed price for delivery and payment at a specified later date or on demand.
On the settlement date agreed for the repurchase of the Purchased Securities (the "Repurchase Date"), the Buyer shall transfer to the Seller Securities of the same kind and quantity as the Purchased Securities against simultaneous payment of the Repurchase Price.
Any excess amount remaining thereafter shall be reimbursed to the Holders of the APE Seller Securities of the Same Asset Group APEs on a pro rata basis (measured against the weighted contribution to the Asset Group Consolidation sub-account for APE Seller Security Expenses of their respective Same Asset Group APEs).
Any excess amount remaining in such sub-account on such Payment Date shall be reimbursed to the Holders of the APE Seller Securities of the Same Asset Group APE on a pro rata basis (in accordance with such holder’s contribution to such Asset Group sub-account for APE Seller Security Expenses of their Same Asset Group APE) and will not be available to make payments to the Series 2013-1 Noteholders.
Seller 2 and Seller 3 is the record holder and beneficially owns the Seller 2 Securities and the Seller Securities, respectively, of the Company, free and clear of all liens, encumbrances, pledges, claims, options, charges and assessments of any nature whatsoever, with full right and lawful authority to transfer the Acquired Shares to Buyer.