Stripped APEX definition
Examples of Stripped APEX in a sentence
Dated: Signature NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Stripped APEX Certificates in every particular, without alteration or enlargement or any change whatsoever.
For so long as Stock Purchase Contracts are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s exercise of its right to defer Contract Payments, the Property Trustee or the Administrative Trustees shall transmit, in the manner and to the extent provided in Section 12.9, notice of such exercise to the Holders of the Normal APEX and the Stripped APEX, unless such exercise shall have been revoked.
Additionally, in addition to and notwithstanding the foregoing, the Issuer Trustees shall not consent to any amendment to the Certificate of Designation or the Depositor’s certificate of incorporation that would change the dates on which dividends are payable on the Preferred Stock or the amount of such dividends, without the prior written consent of each Holder of Normal APEX and Stripped APEX.
For so long as shares of Preferred Stock are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s determination not to pay dividends on a dividend payment date, the Property Trustee shall transmit, in the manner and to the extent provided in Section 12.9, notice of such decision to the Holders of the Normal APEX and Stripped APEX, unless such notice shall have been revoked.
Section 5.13(b) of the Trust Agreement provides for the procedures pursuant to which Holders of Normal APEX may exchange Normal APEX and Qualifying Treasury Securities for Stripped APEX and Capital APEX and Section 5.14(d) of the Trust Agreement provides for the procedures pursuant to which Holders of Normal APEX may elect to exchange Normal APEX and Qualifying Treasury Securities for Stripped APEX and Capital APEX in the event a Remarketing is Successful.
Section 5.13(d) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital APEX and Stripped APEX may exchange them for Normal APEX and Qualifying Treasury Securities and Section 5.14(f) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital APEX may elect to dispose of Capital APEX in the event a Remarketing is Successful.
For so long as Stock Purchase Contracts are included within the Trust Property, within five Business Days after the receipt of notice of the Sponsor’s exercise of its right to defer Contract Payments, the Property Trustee or the Administrative Trustees shall transmit, in the manner and to the extent provided in Section 12.8, notice of such exercise to the Holders of the Normal APEX and the Stripped APEX, unless such exercise shall have been revoked.
In addition to obtaining the foregoing approvals of the Holders of Normal APEX and Stripped APEX, prior to taking any of the foregoing actions, the Issuer Trustee shall, at the expense of the Sponsor, obtain an Opinion of Counsel experienced in such matters to the effect that such action shall not cause the Issuer Trust to be classified as an association or a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes.
Additionally, in addition to and notwithstanding the foregoing, the Issuer Trustees shall not consent to any amendment to the Certificate of Designation or the Sponsor’s articles of incorporation that would change the dates on which dividends are payable on the Preferred Stock or the amount of such dividends, without the prior written consent of each Holder of Normal APEX and Stripped APEX.
For so long as shares of Preferred Stock are included within the Trust Property, within five Business Days after the receipt of notice of the Sponsor’s determination not to pay dividends on a dividend payment date, the Property Trustee shall transmit, in the manner and to the extent provided in Section 12.8, notice of such decision to the Holders of the Normal APEX and Stripped APEX, unless such notice shall have been revoked.