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Common use of Value of Securities Clause in Contracts

Value of Securities. To the extent lawful, Warrants issued pursuant to the Subscription Agreement have a deminimus value and shall be valued at zero for U.S. income tax purpose, including adjustment to the Securities.

Appears in 2 contracts

Sources: Indenture (Value Partners LTD /Tx/), Indenture (Trans World Gaming Corp)

Related Clauses

  • Issue of Securities
  • Valuation of Securities
  • Pricing of Securities
  • Evaluation of Securities
  • Listing of Securities

Parent Clauses

  • Liquidity Event
  • Capital Accounts of Partners
  • MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS OF TRUSTEE
  • General Provisions
  • INVESTMENTS IN CERTAIN ENTITIES

Sub-Clauses

  • NOTICE OF REDEMPTION
  • PARTIAL REDEMPTION OF SECURITIES
  • OPTION
  • PAYMENT OF SECURITIES CALLED FOR REDEMPTION
  • EXCLUSION OF CERTAIN SECURITIES FROM ELIGIBILITY FOR SELECTION FOR REDEMPTION
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