Exchange Securities Definition Example

Exchange Securities. Shall mean any securities issued by the Company to be offered to Holders in exchange for Securities (pursuant to the Exchange Offer or otherwise) pursuant to an Exchange Offer Registration Statement containing terms identical in all material respects to the Securities for which they are exchanged (except that (i) interest thereon shall accrue from the last date on which interest was paid on the Securities or, if no such interest has been paid, from the date of issuance of the Securities, (ii)... the Exchange Securities will not contain the legend appearing on the face of the Securities in the form recited in the Indenture and will not contain terms with respect to transfer restrictions and (iii) the Exchange Securities will not contain terms with respect to the payment of liquidated damages. View More