Substitute Issuer definition

Substitute Issuer has the meaning assigned to such term in Condition 15.
View Source
Substitute Issuer has the meaning set out in section 2.3(c);
View Source
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. ...
View Source

Examples of Substitute Issuer in a sentence

  • 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.

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

  • 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.

  • 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, Receipts, Coupons, the Agency Agreement or (in the case of Registered Notes) the Note Agency Agreement or the Substitution Documents.

  • Upon the request of the Administrative Agent, (i) if the L/C Issuer or (as the case may be) the L/C Substitute Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the L/C Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrower shall, in each case, promptly Cash Collateralize the then Outstanding Amount of all L/C Obligations.

  • For clarity, material matters relating to the Idera Compound shall include, but are not limited to, the (i) dose and dosing regimen for the Idera Compound, (ii) exclusion criteria and other safety measures applicable to the Idera Compound, and (iii) changes to the Protocol that increase the quantities of the Idera Compound to be supplied hereunder.

  • Each Lender and the Borrower agree that, in paying any drawing under any Letter of Credit, neither the L/C Issuer nor the L/C Substitute Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.

  • If the Substitute Issuer is not domiciled in The Netherlands, an alternative reference to the country of domicile of the Substitute Issuer shall be made in § 6 in addition to the reference to The Netherlands.


More Definitions of Substitute Issuer

Substitute Issuer has the meaning assigned to such term in clause (a) of Condition 14 (Issuer Substitution).
View Source
Substitute Issuer is defined in Section 21.2.
View Source
Substitute Issuer has the meaning assigned to such term in Condition 13 (Issuer Substitution).
View Source
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 a
View Source

Related to Substitute Issuer

  • Substitute Purchaser is defined in Section 21.

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Successor Master Servicer As defined in Section 3.22. Surety: Ambac, or its successors in interest, or such other surety as may be identified in the Series Supplement.

  • Replacement Servicer has the meaning assigned to that term in Section 6.01(c).

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