Covenants of Party A. Party A shall use any Settlement Shares delivered by Party B to Party A to return to securities lenders to close out borrowings created by Party A (or an affiliate of Party A) in connection with its hedging activities related to exposure under the Transaction.
Appears in 4 contracts
Sources: Confirmation of Additional Forward Stock Sale Transaction (Beckman Coulter Inc), Confirmation of Additional Forward Stock Sale Transaction (Beckman Coulter Inc), Confirmation of Forward Stock Sale Transaction (Beckman Coulter Inc)
Covenants of Party A. Party A shall use any Settlement Shares delivered by Party B to Party A on any Settlement Date to return to securities lenders to close out borrowings created by Party A (or an affiliate of Party A) in connection any open loans with its hedging activities related respect to exposure under the TransactionShares.
Appears in 3 contracts
Sources: Confirmation (Southern Union Co), Confirmation of Forward Stock Sale Transaction (Southern Union Co), Pricing Agreement (Affiliated Managers Group Inc)
Covenants of Party A. Party A shall use any Settlement Shares delivered by Party B to Party A to return to securities lenders to close out borrowings created by Party A (or an affiliate of Party A) in connection with its hedging activities related to exposure under the this Transaction.
Appears in 3 contracts
Sources: Confirmation of Forward Stock Sale Transaction (Pantry Inc), Confirmation of Forward Stock Sale Transaction (E Trade Financial Corp), Confirmation of Forward Stock Sale Transaction (E Trade Financial Corp)
Covenants of Party A. Party A shall use any Settlement Shares delivered by Party B to Party A to return to securities lenders to close out borrowings created by Party A (or an affiliate of Party A) A in connection with its hedging activities related to exposure under the this Transaction.
Appears in 1 contract
Sources: Confirmation of Forward Stock Sale Transaction (Cedar Shopping Centers Inc)