Unwind Transaction definition

Unwind Transaction means the unwind of certain reinsurance of variable annuities with guaranteed minimum benefits provided by AXA RE Arizona Company to AXA Equitable Life Insurance Company on the terms described in the Registration Statement or otherwise reasonably satisfactory to the LC Issuer (it being understood and agreed that any amendment to the Registration Statement shall be deemed satisfactory to the LC Issuer so long as such amendment is not materially adverse to the LC Issuer).
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Unwind Transaction means, collectively, (i) the conversion of all of the Class B Variable Voting Shares into Class A Shares and (ii) the other transactions, events and occurrences specified in the Telesat Corporation Articles to occur upon an Unwind Trigger, including the redemption of the Golden Share and the Special Voting Shares and the expiration of the provisions in Part 24 of the Telesat Corporation Articles.
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Unwind Transaction has the meaning given in Section 2.6.
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Examples of Unwind Transaction in a sentence

  • As part of the "Unwind" Transaction on July 16, 2009, all of Big Rivers’ previously existing mortgages were permanently extinguished and replaced with Big Rivers' Mortgage Indenture (the "Indenture").

  • These aftercare services might include, but are not limited to, outpatient psychiatric services, assessments, clinical and in-home services, or other services available under the Medicaid Community Behavioral Services Program.

  • In the event the Orkney I Unwind Transaction is consummated, SRUS will be relieved of the significant cost of the obligation to such third party retrocessionaires.

  • WKEC requested and was subsequently granted confidential protection for fuel and fuel-related contracts until the Unwind Transaction is complete and the contracts are assumed by Big Rivers.

  • All of the assets remaining after the completion of the Orkney I Unwind Transaction were transferred to SRUS, and OHL and Orkney Re were dissolved prior to December 31, 2011.

  • We consummated the Orkney I Unwind Transaction (as defined in Note 9, “Collateral Finance Facilities and Securitization Structures - Orkney I Unwind Transaction”) on May 27, 2011, and, as a result, we no longer consolidate Orkney Holdings, LLC (“OHL”) and Orkney Re, Inc.

  • With respect to the initial Business Combination Vote, if any, the Sponsor and the directors and officers of the Company have agreed to vote all of their Founder Shares, Alignment Shares and any other Class A Shares they may acquire during or after the Offering in favor of the Company’s initial Business Combination.

  • However, “legal conclusions, elements of a cause of action, and bare assertions devoid of further factual enhancement fail to constitute well-pled facts for Rule 12(b)(6) purposes,” id.

  • For further discussion of Orkney I, the Orkney I Unwind Transaction, and Orkney Re II, please refer to Note 9, “Collateral Finance Facilities and Securitization Structures”.

  • Mr. Mudge states that Big Rivers’ equity to asset ratio will go from a negative 13 percent to a positive 24 percent as a result of the Unwind Transaction.


More Definitions of Unwind Transaction

Unwind Transaction means the occurrence or non-occurrence of events ------------------ resulting in a rescission of transactions pursuant to Section 2.8 of the Contribution Agreement.
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Related to Unwind Transaction

  • Card Transaction means any purchase of goods and/or services or any transfer or cash advances effected by the use of a Card;

  • Card Transactions means any payment made for goods or services, cash withdrawals from a bank or financial institution (including ATM withdrawals) or transfer of funds made through the use of the Card or the Card number.

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).

  • Required Transaction means any transaction involving a Swap that is subject to the trade execution requirement of Section 2(h)(8) of the Act.

  • First Tier Covered Transactions refers to any covered transaction between a grantee or subgrantee of Federal funds and a participant (such as the prime or general contract). “Lower Tier Covered Transactions” refers to any covered transaction under a First Tier Covered Transaction (such as subcontracts). “First Tier Participant” refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • repurchase transaction means a transaction governed by an agreement by which a counterparty transfers securities or guaranteed rights relating to title to securities where that guarantee is issued by a recognised exchange which holds the rights to the securities and the agreement does not allow a counterparty to transfer or pledge a particular security to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities of the same description at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the counterparty selling the securities and a reverse repurchase agreement for the counterparty buying them;

  • Treasury Transactions means any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price.