Substitute Issuer definition

Substitute Issuer has the meaning assigned to such term in Condition 15.
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Substitute Issuer has the meaning set out in section 2.3(c);
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Substitute Issuer has the meaning assigned to such term in Condition 13 (Issuer Substitution).
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Examples of Substitute Issuer in a sentence

  • Issuer of the Underlying Securities means (i) Timberland Investment SA or a compartment (within the meaning of the Securitisation Act) of Timberland Investment SA, or (ii) its respective successor or, (iii), in case of a substitution of the Issuer of the Underlying Securities, a Substitute Issuer of the Underlying Securities or a compartment (within the meaning of the Securitisation Act) or a segregated portfolio (within the meaning of the Companies Law) of a Substitute Issuer of the Underlying Securities.

  • The Substitute Issuer and the Retiring Issuer shall acknowledge in the Substitution Documents the right of every Noteholder to the production of the Substitution Documents for the enforcement of any of the relevant Notes, Coupons, the Agency Agreement, or (in the case of Registered Notes issued by Toyota Credit Canada Inc.) the TCCI Note Agency Agreement, or (in the case of Registered Notes issued by Toyota Motor Credit Corporation) the TMCC Note Agency Agreement, or the Substitution Documents.

  • The Substitute Issuer and the Retiring Issuer shall acknowledge in the Substitution Documents the right of every Noteholder to the production of the Substitution Documents for the enforcement of any of the relevant Notes, Coupons, the Agency Agreement, or (in the case of Registered Notes issued by Toyota Credit Canada Inc.) the TCCI Note Agency Agreement, or in the case of Registered Notes issued by Toyota Motor Credit Corporation) the TMCC Note Agency Agreement, or the Substitution Documents.

  • Any such substitution is subject to certain conditions, including the creditworthiness of the Substitute Issuer.

  • This may impact any listing of the Securities and, in particular, it may be necessary for the Substitute Issuer to reapply for listing on the relevant market or stock exchange on which the Securities are listed.

  • WFASC shall, within two business days following such notice, deliver to the Underwriter a Free Writing Prospectus superseding the Initial Issuer Free Writing Prospectus, which Free Writing Prospectus shall include general information regarding the nature of a multiple loan group transaction (such Free Writing Prospectus, the "Substitute Issuer Free Writing Prospectus").

  • The Initial Issuer Free Writing Prospectus or the Substitute Issuer Free Writing Prospectus, to the extent a Substitute Issuer Free Writing Prospectus is required to be delivered to an investor, is referred to as an "Issuer Free Writing Prospectus" for the Certificates.

  • Upon receipt of the Substitute Issuer Free Writing Prospectus, the Underwriter shall discontinue use of the Initial Issuer Free Writing Prospectus.

  • In the event of any such substitution(s), any reference in these Terms and Conditions to the Issuer shall from then on be deemed to refer to the Substitute Issuer and any reference to the country in which the Issuer is domiciled or resident for taxation purposes shall from then on be deemed to refer to the country of domicile or residence for taxation purposes of the Substitute Issuer.

  • In addition, following such a substitution, Securityholders will become subject to the credit risk of the Substitute Issuer.


More Definitions of Substitute Issuer

Substitute Issuer is defined in Section 21.2.
Sample 1
Substitute Issuer means a United States issuer (a) having the largest market capitalization and sharing the same primary Standard Industrial Classification (SIC) code as the issuer of the applicable Basket Stock, (b) that is not already an issuer of a Basket Stock, and (c) that is not subject to a trading restriction under the trading restriction policies of BAS or any of its affiliates that would materially limit the ability of BAS or any of its affiliates to hedge this Note with respect to that stock; provided however, that if a stock satisfying these criteria cannot be identified by the Calculation Agent, then the Substitute Issuer will be selected by the Calculation Agent from the largest market capitalization stock within the same Division and Major Group classification (as defined by the Office of Management and Budget) as the primary SIC code for the issuer of the applicable Basket Stock. For purposes of making an adjustment required by a reorganization event, the Calculation Agent, in its sole discretion, will determine the value of each type of distribution property. For any distribution property consisting of a marketable security, the Calculation Agent will use the Closing Price of the marketable security on the effective date of the reorganization. The Calculation Agent may value other types of property in any manner it determines, in its sole discretion, to be appropriate. If a holder of the applicable Basket Stock may elect to receive different types or combinations of types of distribution property in the reorganization event, the distribution property will consist of the types and amounts of each type distributed to a holder that makes no election, as determined by the Calculation Agent in its sole discretion. If a reorganization event occurs and the Calculation Agent adjusts the Share Ratio of that Basket Stock to consist of the distribution property distributed in connection with the reorganization event as described above, the Calculation Agent then will make any further antidilution adjustments for later events that affect the distribution property, or any component of the distribution property, comprising the new Share Ratio. The Calculation Agent will do so to the same extent that it would make adjustments if the applicable Basket Stock were outstanding and were affected by the same kinds of events. If a subsequent reorganization event affects only a particular component of the Share Ratio, the required adjustment will be made only for that component. ...
Sample 1
Substitute Issuer means, in relation to a Permitted Reorganisation, a body corporate in good standing, validly organised and existing under the laws of the Republic of Italy which assumes the obligations of the Issuer under the Trust Deed and the Agency Agreement and as principal debtor in respect of the Notes by operation of law by entering into asupplemental trust deed, a supplemental agency agreement and such other documents (if any) as are necessary to give effect to the substitution of such body corporate for the Issuer;
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Substitute Issuer has the meaning assigned to such term in clause (a) of Condition 14 (Issuer Substitution).
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Related to Substitute Issuer

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Issuer as used in this Note includes any successor or the Issuer under the Indenture. The Issuer is permitted by the Indenture, under certain circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee and the holders of Notes under the Indenture. The Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. This Note and the Indenture shall be construed in accordance with the laws of the State of New York, without reference to its conflict of law provisions and the obligations, rights and remedies of the parties hereunder and thereunder shall be determined in accordance with such laws. No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair, the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. Anything herein to the contrary notwithstanding, except as expressly provided in the Basic Documents, none of Wilmington Trust Company in its individual capacity, JPMorgan Chase Bank, in its individual capacity, any owner of a beneficial interest in the Issuer, or any of their respective partners, beneficiaries, agents, officers, directors, employees or successors or assigns shall be personally liable for, nor shall recourse be had to any of them for, the payment of principal of or interest on this Note or performance of, or omission to perform, any of the covenants, obligations or indemnifications contained in the Indenture. The holder of this Note by its acceptance hereof agrees that, except as expressly provided in the Basic Documents, in the case of an Event of Default under the Indenture, the holder shall have no claim against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Issuer for any and all liabilities, obligations and undertakings contained in the Indenture or in this Note.

  • Substitute care means the out-of-home placement of a child or young adult who is in the legal or physical custody and care of the Department.