Traduction de «repurchase » (Anglais → Français) :

(3) Where the carrier holding corporation sells, repurchases or redeems holdco excess voting shares, in accordance with section 23 or 24 without possessing the certificate representing the holdco excess voting shares and, after the sale, repurchase or redemption, a person establishes that the person is a bona fide purchaser of the holdco excess voting shares that were sold, repurchased or redeemed,

14 (1) Where there is a sale, repurchase or redemption of excess voting shares in accordance with section 11 or 12, the Canadian carrier shall, not later than 10 days after the sale, repurchase or redemption, deposit an amount equal to the amount of the net proceeds of the sale, or the repurchase or redemption proceeds, in a special account in any bank or trust company in Canada, selected by the Canadian carrier.

26 (1) Where there is a sale, repurchase or redemption of holdco excess voting shares in accordance with section 23 or 24, the carrier holding corporation shall, not later than 10 days after the sale, repurchase or redemption, deposit an amount equal to the amount of the net proceeds of the sale or the repurchase or redemption proceeds in a special account in any bank or trust company in Canada selected by the carrier holding corporation.

‘repurchase agreement’ and ‘reverse repurchase agreement’ mean any agreement in which an institution or its counterparty transfers securities or commodities or guaranteed rights relating to title — to securities or commodities where that guarantee is issued by a recognised exchange which holds the rights to the securities or commodities and the agreement does not allow an institution to transfer or pledge a particular security or commodity to more than one counterparty at one time, subject to a commitment to repurchase them — or substituted securities or commodities of the same description — at a specified price on a future date specified, or to be specified, by the transferor, ...[+++]being a repurchase agreement for the institution selling the securities or commodities and a reverse repurchase agreement for the institution buying them.

‘securities financing transaction’ means an instance of stock lending or stock borrowing or the lending or borrowing of other financial instruments, a repurchase or reverse repurchase transaction, or a buy-sell back or sell-buy back transaction.

The other conditions imposed by the Commission are as follows: - no amendment may be made to the plan without the Commission's prior agreement; - Crédit Lyonnais will be permitted to repurchase hived-off industrial and commercial assets (compare the Usinor-Sacilor case) only at the price at which the assets were transferred to Consortium de Réalisations (CDR - see background below) or at the market price if that is higher than the price at which the assets were transferred to CDR; an overall limit of FF 5 billion has been set on such repurchases; - a clearer separation will have to be made between CDR and Crédit Lyonnais as regards th ...[+++]eir managers, their administration and the system of controlling and supervising the management of the hiving-off mechanism; steps must also be taken to ensure that the committees responsible for managing the hived-off companies remain independent of Crédit Lyonnais and that the bank has no share in the proceeds of CDR's sales; - Crédit Lyonnais will have to use the proceeds of sales to restructure non-performing assets and activities, thereby preventing it from reinvesting those proceeds in the repurchase of industrial or financial holdings; - Société de Participation Banque/Industries (SPBI - see background below) will receive not only the proceeds of the privatization of Crédit Lyonnais but also a substantial share of the bank's profits (in accordance with the "better fortunes" clause).