Exchanging Dealer Definition Example

This example Exchanging Dealer definition appears in 2 contracts from 2 companies

Exchanging Dealer. Shall mean any Holder (which may include any Initial Purchaser) that is a broker-dealer and elects to exchange for New Securities any Securities that it acquired for its own account as a result of market-making activities or other trading activities (but not directly from any Issuer or any Affiliate of any Issuer).
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