Dynamic Transaction Definition | Law Insider

Dynamic Transaction means, collectively, the purchase and sale of the Dynamic Shares by Dynamic and the redemption of the Redeemed Shares from SESI. DynamicTransactiondefinitionSearchWithinDynamicTransactionDefinitionsRelatedDefinitionsSPACTransactionStrategicTransactionelectronictransactionM&ATransactionPawntransactionVoidTransactionTransactionAcquisitionTransactionPhone/ElectronicTransactionAcquisitionTransactionAnnouncementRelatedTransactionExcludedTransactionApprovedTransactionReorganizationTransactionElectronicTransactionsActMergerTransactionBusinessCombinationTransactionBundledtransactionCompanyAcquisitionTransactionRestructuringTransactionTransactionPersonFITERMIITransactionPublictransitTerminationTransactionAcquisitionTransactionsCompetingTransactionRemoveAdvertisingOpenSplitViewShareCiteDynamicTransaction means,collectively,thepurchaseandsaleoftheDynamicSharesbyDynamicandtheredemptionoftheRedeemedSharesfromSESI.Sample1Sample2Basedon2documents2SaveCopyRemoveAdvertisingExamplesofDynamicTransactioninasentenceThenewconstructwepropose,theDynamicTransactionDocument,(DTD)isaninstantaneous,ad-hoc,andcomprehensivedigitalrepresentationofaparticularfinancialcontract(initiallymadeforregulatorypurposes),andassuchhas,ineffect,similaritieswithasyntheticfinancialinstrument.Itisacceptabletoadd,changeordeletethesedetailswithoutpriornotificationtotheHPRA,seesection10.3.-Coordinatingassessmentwithothermemberstates:Asmultiplememberstatesarelikelytobeinvolvedintheassessmentofthemock-ups,theHPRAcanbeflexibleonotheraspectswherejustificationisprovided.IfAdministrativeAgentisaDefaultingLenderunderclause(d)ofthedefinitionthereof,RequiredLendersmay,totheextentpermittedbyApplicableLaw,removesuchAdministrativeAgentbywrittennoticetoBorrowersandAdministrativeAgent.TheDynamicTransactionDescriptorfeatureisnotcurrentlyavailableforAmericanExpress.Thebearerservice,asproposedhere,generatesandmaintainsa"digitaldoppelgänger"foreveryfinancialcontract,aDynamicTransactionDocument(DTD),thatisastandardized“datafacility”automaticallytransferringimportantcontractdatafromthetransactioncounterpartiestocompetentregulationauthoritiesandtheirauthorizedpartners(andbroadlytoorganizationsandcitizensthatmayhaveamotivation,oraninterest,tobeinvolvedinthesupervisionofthefinancialsystem).CICS/ESADynamicTransactionRoutinginaCICSplexcontainsdetailedinformationonthissubject.IfthereaderdoesnothaveDynamicReaderLimits–Defaultconfigured,ThenthereaderdoesnotsupportDynamicTransactionLimitsandthereadershallcontinuetoapplytheAIDReaderLimitsforthetransaction.ThoseusingBeanstream’sDynamicTransactionDescriptorservicewillrequire11columns.DynamicTransactionDescriptorsallowmerchantstodefinetheinformationthatappearsonacustomer'screditcardstatementonaper-transactionbasis.IfthereadersupportsDynamicTransactionLimitsorDelayedAuthorisations,thenitusestheCardInterfaceandPaymentCapabilitiesdataelementtodeterminetheDynamicTransactionLimitstobeappliedandtheusagesettingsforDelayedAuthorisationsrespectively.RelatedtoDynamicTransactionSPACTransactionmeansatransactionorseriesofrelatedtransactionsinwhichtheCompany’soutstandingsharesofcapitalstockareexchangedfororotherwiseconvertedintosecuritiesthatarepubliclylistedonasecuritiesexchange(the“PublicShares”)throughamerger,acquisition,businesscombination,orsimilartransactionwithaspecialpurposeacquisitioncompanyoritssubsidiaryorparent(a“SPAC”).StrategicTransactionmeansatransactionorrelationshipinwhichtheCompanyissuessharesofCommonStocktoaPersonwhichis,itselforthroughitssubsidiaries,anoperatingcompanyinabusinessrelatedtothebusinessoftheCompanyandinwhichtheCompanyreceivesmaterialbenefitsinadditiontotheinvestmentoffunds,butshallnotincludeatransactioninwhichtheCompanyisissuingsecuritiesprimarilyforthepurposeofraisingcapitalortoanentitywhoseprimarybusinessisinvestinginsecurities.electronictransactionmeansapaperlesstransferoffundstoorfromatrustorfiduciaryaccount.Electronictransactionsdonotincludetransfersinitiatedbyvoiceorautomatedtellerorcashdispensingmachines.M&ATransactionmeansa“DeemedLiquidationEvent”orothersimilartermsdefinedintheArticlesofAssociationoftheCompany,andintheabsenceofsuchdefinitioneachofthefollowingevents:(i)anymerger,reorganizationorconsolidationoftheCompanywithorintoanotherincorporatedPerson,ortheacquisitionoftheCompanybyanotherPersonbymeansofanytransactionorseriesofrelatedtransactions,exceptanysuchmerger,reorganizationorconsolidationinwhichtheissuedsharesoftheCompanyasofimmediatelypriortosuchtransactioncontinuetorepresent,orareconvertedintoorexchangedforsharesthatrepresent,immediatelyfollowingsuchmerger,reorganization,orconsolidation,atleastamajority,byvotingpower,oftheoutstandingsharesofthesurvivingoracquiringincorporatedPerson;or(ii)asaleorotherdispositionofallorsubstantiallyallofthesharesorassetsoftheCompany(including,forthispurpose,aconveyance,saleordisposition,oralicenseofallorsubstantiallyalloftheintellectualpropertyrightsoftheCompany,whichhastheeffectoreconomicimpactsimilartoasaleofallorsubstantiallyalloftheintellectualpropertyrightsoftheCompany),inasingletransactionoraseriesofrelatedtransactions.PawntransactionmeansthesameasthattermisdefinedinSection13-32a-102.VoidTransactionmeansanytransactionwhereinthetransactionhastakenplacebuthasbeencancelled/rejected/unsuccessfulbytheAlliancePartner.TransactionhasthemeaningsetforthinSection7.01(c)hereof.AcquisitionTransactionmeansanytransactionorseriesoftransactionsinvolving:Phone/ElectronicTransactionmeansany(1)redemptionofsharesissuedbyanInvestmentCompany,(2)electionconcerningdividendoptionsavailabletoFundshareholders,(3)exchangeofsharesinaregisteredaccountofoneFundintosharesinanidenticallyregisteredaccountofanotherFundinthesamecomplexpursuanttoexchangeprivilegesofthetwoFunds,or(4)purchaseofsharesissuedbyanInvestmentCompany,whichredemption,election,exchangeorpurchaseisrequestedbyvoiceoverthetelephoneorthroughanElectronicTransmission.AcquisitionTransactionAnnouncementmeans(i)theannouncementofanAcquisitionTransaction,(ii)anannouncementthatCounterpartyoranyofitssubsidiarieshasenteredintoanagreement,aletterofintentoranunderstandingdesignedtoresultinanAcquisitionTransaction,(iii)theannouncementoftheintentiontosolicitorenterinto,ortoexplorestrategicalternativesorothersimilarundertakingthatmayinclude,anAcquisitionTransaction,(iv)anyotherannouncementthatinthereasonablejudgmentoftheCalculationAgentmayresultinanAcquisitionTransactionor(v)anyannouncementofanychangeoramendmenttoanypreviousAcquisitionTransactionAnnouncement(includinganyannouncementoftheabandonmentofanysuchpreviouslyannouncedAcquisitionTransaction,agreement,letterofintent,understandingorintention).Fortheavoidanceofdoubt,announcementsasusedinthedefinitionofAcquisitionTransactionAnnouncementrefertoanypublicannouncementwhethermadebytheIssuerorathirdparty.RelatedTransactionmeans,withrespecttoanyLimitedConditionTransaction,(i)anyincurrenceofIndebtednessorLiensand(ii)anymakingofRestrictedPayments,Dispositions,PermittedAcquisitions,otherInvestmentsorprepayments,repurchases,redemptions,defeasancesorothersatisfactionsofanyJuniorFinancing,ineachcaseofclauses(i)and(ii),undertakeninconnectionwithsuchLimitedConditionTransaction.ExcludedTransactionmeansanytransactioninwhichassetsaretransferredto:(A)ashareholderoftheCompany(determinedimmediatelybeforetheassettransfer)inexchangefororwithrespecttoitsstock;(B)anentity,fiftypercent(50%)ormoreofthetotalvalueorvotingpowerofwhichisowned,directlyorindirectly,bytheCompany(determinedaftertheassettransfer);(C)aPerson,ormorethanonePersonActingasaGroup,thatowns,directlyorindirectly,fiftypercent(50%)ormoreofthetotalvalueorvotingpowerofalltheoutstandingstockoftheCompany(determinedaftertheassettransfer);or(D)anentityatleastfiftypercent(50%)ofthetotalvalueorvotingpowerofwhichisowned,directlyorindirectly,byaPersondescribedinclause(C)(determinedaftertheassettransfer).ApprovedTransactionmeansanytransactioninwhichtheBoard(or,ifapprovaloftheBoardisnotrequiredasamatteroflaw,thestockholdersoftheCompany)shallapprove(i)anyconsolidationormergeroftheCompany,orbindingshareexchange,pursuanttowhichsharesofCommonStockoftheCompanywouldbechangedorconvertedintoorexchangedforcash,securities,orotherproperty,otherthananysuchtransactioninwhichthecommonstockholdersoftheCompanyimmediatelypriortosuchtransactionhavethesameproportionateownershipoftheCommonStockof,andvotingpowerwithrespectto,thesurvivingcorporationimmediatelyaftersuchtransaction,(ii)anymerger,consolidationorbindingshareexchangetowhichtheCompanyisapartyasaresultofwhichthePersonswhoarecommonstockholdersoftheCompanyimmediatelypriortheretohavelessthanamajorityofthecombinedvotingpoweroftheoutstandingcapitalstockoftheCompanyordinarily(andapartfromtherightsaccruingunderspecialcircumstances)havingtherighttovoteintheelectionofdirectorsimmediatelyfollowingsuchmerger,consolidationorbindingshareexchange,(iii)theadoptionofanyplanorproposalfortheliquidationordissolutionoftheCompany,or(iv)anysale,lease,exchangeorothertransfer(inonetransactionoraseriesofrelatedtransactions)ofall,orsubstantiallyall,oftheassetsoftheCompany.ReorganizationTransactionmeansamerger,reorganization,consolidation,orsimilartransactionorasaleofallorsubstantiallyallofDST'sassetsotherthananysuchsalewhichwouldresultinaRelatedPartyowningoracquiringmorethanfiftypercent(50%)oftheassetsownedbyDSTimmediatelypriortothesale.ElectronicTransactionsActmeanstheElectronicTransactionsAct(AsRevised)oftheCaymanIslands.MergerTransactionmeansanymerger,acquisitionorsimilartransactioninvolvingarecapitalizationascontemplatedbyRule10b-18(a)(13)(iv)undertheExchangeAct.BusinessCombinationTransactionmeans(i)aconsolidation,exchangeofsharesormergeroftheCompanywithanyPerson,otherthantheGranteeoroneofitssubsidiaries,and,inthecaseofamerger,inwhichtheCompanyshallnotbethecontinuingorsurvivingcorporation,(ii)amergeroftheCompanywithaPerson,otherthantheGranteeoroneofitsSubsidiaries,inwhichtheCompanyshallbethecontinuingorsurvivingcorporationbutthethenoutstandingsharesofCompanyCommonStockshallbechangedintoorexchangedforstockorothersecuritiesoftheCompanyoranyotherPersonorcashoranyotherpropertyorthesharesofCompanyCommonstockoutstandingimmediatelybeforesuchmergershallaftersuchmergerrepresentlessthan50%ofthecommonsharesandcommonshareequivalentsoftheCompanyoutstandingimmediatelyafterthemergeror(iii)asale,leaseorothertransferofallorsubstantiallyalltheassetsoftheCompanytoanyPerson,otherthantheGranteeoroneofitsSubsidiaries.Bundledtransactionmeansthepurchaseof2ormoredistinctandidentifiableproducts,exceptrealpropertyandservicestorealproperty,wheretheproductsaresoldforasinglenonitemizedprice.Abundledtransactiondoesnotincludethesaleofanyproductsinwhichthesalespricevaries,orisnegotiable,basedontheselectionbythepurchaseroftheproductsincludedinthetransaction.Asusedinthissubdivision:CompanyAcquisitionTransactionmeansanytransactionorseriesoftransactionsinvolving:(a)anymerger,consolidation,shareexchange,recapitalization,businesscombinationorsimilartransactioninvolvingtheCompanyoranyofitsSubsidiaries;(b)anydirectorindirectacquisitionofsecurities,tenderoffer,exchangeofferorothersimilartransactioninwhichapersonor“group”(asdefinedintheExchangeAct)ofpersonsdirectlyorindirectlyacquiresbeneficialorrecordownershipofsecuritiesrepresentingtwentypercent(20%)ormoreoftheoutstandingCompanyShares;(c)anydirectorindirectacquisitionofanybusinessorbusinessesorofassetsthatconstituteoraccountfortwentypercent(20%)ormoreoftheconsolidatednetrevenues,netincomeorassetsoftheCompanyanditsSubsidiaries,takenasawhole(basedonthefairmarketvaluethereof);(d)anyliquidationordissolutionoftheCompanyoranymaterialSubsidiaryoftheCompany;or(e)anycombinationoftheforegoing(ineachcase,otherthantheMerger).RestructuringTransactionmeansataxfreedistributionundersection355oftheinternalrevenuecodeandincludestaxfreetransactionsundersection355oftheinternalrevenuecodethatarecommonlyreferredtoasspinoffs,splitups,splitoffs,ortypeDreorganizations.TransactionPersonwithrespecttoaTransactionshallmean(i)anyPersonwho(x)isorwillbecomeanAcquiringPersonoraPrincipalParty(assuchtermishereinafterdefined)iftheTransactionweretobeconsummatedand(y)directlyorindirectlyproposedornominatedadirectoroftheCompanywhichdirectorisinofficeatthetimeofconsiderationoftheTransaction,or(ii)anAffiliateorAssociateofsuchaPerson.FITERMIITransactionmeansarepurchasetransactioninwhichtheRepurchaseDateisadatefixedbyagreementbetweenSellerandtheParticipatingFundswhichisnottheBankingDaynextfollowingtheSaleDateandforwhichoneormoreofthefollowingtwocategoriesofsecurities,asspecifiedbytheFunds,shallconstituteEligibleSecurities:(x)securitiesissuedbythegovernmentoftheUnitedStatesofAmericathataredirectobligationsofthegovernmentoftheUnitedStatesofAmerica,or(y)securitiesissuedbyorguaranteedastoprincipalandinterestbythegovernmentoftheUnitedStatesofAmerica,orbyitsagenciesand/orinstrumentalities,including,butnotlimitedto,theFederalHomeLoanBank,FederalHomeLoanMortgageCorp.,GovernmentNationalMortgageAssociation,FederalNationalMortgageAssociation,FederalFarmCreditBank,FederalIntermediateCreditBank,BanksforCooperatives,andFederalLandBanks.PublictransitmeansthetransportationofpassengersonTerminationTransactionhasthemeaningsetforthinSection11.2.Bhereof.AcquisitionTransactionsmeansthetransactionscontemplatedbytheAcquisitionAgreement.CompetingTransactionmeansanyofthefollowing(otherthantheTransactions):(i)anymerger,consolidation,shareexchange,businesscombination,schemeofarrangement,amalgamation,recapitalization,liquidation,dissolutionorothersimilartransactioninvolvingtheCompanyoranyofitsSubsidiarieswhoseassets,individuallyorintheaggregate,constitute15%ormoreoftheconsolidatedassetsoftheCompanyortowhich15%ormoreofthetotalrevenueornetincomeoftheCompanyareattributable;(ii)anysale,lease,exchange,transferorotherdispositionofassetsorbusinessesthatconstituteorrepresent15%ormoreofthetotalrevenue,netincomeorassetsoftheCompanyanditsSubsidiaries,takenasawhole;(iii)anysale,exchange,transferorotherdispositionof15%ormoreofanyclassofequitysecuritiesoftheCompany,orsecuritiesconvertibleintoorexchangeablefor15%ormoreofanyclassofequitysecuritiesoftheCompany;(iv)anytenderofferorexchangeofferthat,ifconsummated,wouldresultinanypersonbeneficiallyowning15%ormoreofanyclassofequitysecuritiesoftheCompany;or(v)anycombinationoftheforegoing.