Term Selection Agent definition

Term Selection Agent means at any time the entity appointed by the Corporation to act on its behalf in establishing Dividend Periods, redemption prices and redemption dates for a Series of MMP or Converted SABRES, provided that, if the Corporation shall appoint more than one entity to so act with respect to a Series, "Term Selection Agent" shall mean, unless the context otherwise requires, all entities so appointed.
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Term Selection Agent means Goldman, Sachs & Co., unless or until another investment banking firm has been appointed as such by a resolution of the Board of Directors of the Corporation.
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Term Selection Agent means any entity appointed by the Corporation to act on its behalf in establishing the length of any Dividend Period other than the Standard Dividend Period, the Dividend Payment Dates for any Short Dividend Period and, in the case of any Long Dividend Period, additional redemption provisions, if any, for a Series of Auction Preferred, provided that if the Corporation shall appoint more than one entity to so act with respect to a Series, "Term Selection Agent" shall mean, unless the context otherwise requires, all entities so appointed.
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Examples of Term Selection Agent in a sentence

  • The Corporation shall use its best efforts to maintain a Term Selection Agent with respect to the Series D Stock to act in accordance with the provisions set forth herein.

  • Each dividend period contains 49 days (the "Short-Term Dividend Period") or a number of days greater than 49 days (as selected by the Term Selection Agent) which is divisible by seven (the "Long-Term Dividend Period").

  • If the Term Selection Agent resigns or is removed, the Dividend Period for each Series of Auction Preferred shall be a Standard Dividend Period until the Corporation appoints a successor Term Selection Agent for such Series and such Term Selection Agent sends a Notice of Change in Dividend Period.

  • In addition, if there is no Term Selection Agent for any Series of MMP as a result of the resignation or removal of all entities then serving as such, then the duration of each Subsequent Dividend Period will be the Standard Auction Period until the Corporation shall appoint a Term Selection Agent for such Series and such Term Selection Agent shall send a Notice of Term Selection.

  • Each dividend period contains 49 days (the "Short-Term Dividend Period") or a num- ber of days greater than 49 days (as selected by the Term Selection Agent) which is divisible by seven (the "Long-Term Dividend Period").

  • It was mentioned many times that Canada can expect more frequent and widespread droughts, particularly in the Prairies.• The impact of climate change on the rest of the world will also have implications for Canada’s agricultural sector.

  • However, for any Auction occurring after the initial Auction, the Term Selection Agent may not give a Notice of Change in Dividend Period (and any such Notice of Change in Dividend Period shall be null and void) unless Sufficient Clearing Bids were made in the last occurring Auction for any Series and full cumulative dividends, if any, for all Series of Auction Preferred payable prior to the date of such notice have been paid in full.

  • The Term Selection Agent may establish a Dividend Period of 7 to 48 days, a Short Dividend Period or a Long Dividend Period for any Series of Preferred Stock, if the Term Selection Agent determines that such Dividend Period and, in the case of a Long Dividend Period, additional redemption provisions or restrictions on redemption, provide the Corporation with the most favorable financing alternative based upon the then-current Marketing Conditions.

  • Any Subsequent Dividend Period for a Series of MMP established by the Term Selection Agent for such Series pursuant to a Notice of Term Selection Agent for such Series pursuant to a Notice of Term Selection (except a Notice of Term Selection that is deemed to be withdrawn) and any withdrawal thereof pursuant to a Notice of Withdrawal shall be conclusive and binding on the Corporation and the holders of Shares of such Series of MMP.

  • Notwithstanding the foregoing, in the event that Sufficient Clearing Bids have not been made, so that the Dividend Rate for the next Dividend Period for a Series of MMP is equal to the Maximum Rate, then the duration of the Subsequent Dividend Period in respect of such Series of MMP shall be the lesser of (i) the length of such Dividend Period as specified by the Term Selection Agent in a Notice of Term Selection sent as described above, or (ii) the Standard Auction Period.


More Definitions of Term Selection Agent

Term Selection Agent means any entity appointed by the Corporation to act on its behalf in establishing the length of any Dividend Period other than the Standard Dividend Period, the Dividend Payment Dates for any Short Dividend Period and, in the case of any Long Dividend Period, additional redemption provisions, if any, for a Series of Auction Preferred, provided that if the Corporation shall
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Related to Term Selection Agent

  • Auction Agent means (a) the Administrative Agent or (b) any other financial institution or advisor employed by the Borrower (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Discounted Term Loan Prepayment pursuant to Section 2.11(a)(ii); provided that the Borrower shall not designate the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative Agent shall be under no obligation to agree to act as the Auction Agent).

  • Co-Syndication Agent as defined in the preamble hereto.

  • Determination Agent means Calculation Agent Services LLC and any successor or replacement thereto or any other entity appointed as determination agent in accordance with the terms of the Determination Agency Agreement.

  • Auction Agent Agreement means the Initial Auction Agent Agreement unless and until a Substitute Auction Agent Agreement is entered into, after which "Auction Agent Agreement" shall mean such Substitute Auction Agent Agreement.

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Calculation Agent Agreement means the Calculation Agent Agreement dated as of May 18, 2018 between the Company and the Calculation Agent, as amended from time to time.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Syndication Agent as defined in the preamble hereto.

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

  • Syndication Agents as defined in the preamble hereto.

  • Liquidation Agent has the meaning set forth in Section 9.03.

  • Redemption Agent means that Person, if any, appointed by the Issuer to hold funds deposited by the Issuer in trust to pay to the Holders of shares to be redeemed.

  • Auction Agent Fee has the meaning set forth in the Auction Agent Agreement.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • Chelating agent means amine polycarboxylic acids, hydroxycarboxylic acids, gluconic acid, and polycarboxylic acids.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Managing Agents as defined in the preamble hereto.

  • Bid Solicitation Agent means the Company or the Person appointed by the Company to solicit bids for the Trading Price of the Notes in accordance with Section 14.01(b)(i). The Company shall initially act as the Bid Solicitation Agent.

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Non-Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(c).

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).

  • Index Calculation Agent means Bank Vontobel AG, Gotthardstrasse 43, 8002 Zurich, Switzerland. "Index Calculation Day" means every day from Monday to Friday.

  • Co-Documentation Agent as defined in the preamble hereto.

  • L/C Lender a Lender with an L/C Commitment.