Convertible Preferred Securities means preferred stock issued by the Borrower that is convertible into shares of common stock of the Borrower.

Convertible Preferred Securities means up to 220,000 shares of 6.75% Convertible Perpetual Preferred Stock (liquidation preference $1000 per share) in the aggregate principal amount of up to $220,000,000, of which 200,000 shares were issued by the Borrower on March 21, 2006.

Convertible Preferred Securities has the meaning specified in the recitals to this Indenture.

Examples of Convertible Preferred Securities in a sentence

Distributions shall be made on the Convertible Preferred Securities and the Common Securities in accordance with the preferences set forth in their respective terms.
Any waiver by the Holders of the Convertible Preferred Securities of an Event of Default with respect to the Convertible Preferred Securities shall also be deemed to constitute a waiver by the Holders of the Common Securities of any such Event of Default with respect to the Common Securities for all purposes of this Declaration without any further act, vote, or consent of the Holders of the Common Securities.
The Trust shall issue no securities or other interests in the assets of the Trust other than the Convertible Preferred Securities and the Common Securities.
Upon such waiver, any such default shall cease to exist, and any Event of Default with respect to the Convertible Preferred Securities arising therefrom shall be deemed to have been cured, for every purpose of this Declaration, but no such waiver shall extend to any subsequent or other default or an Event of Default with respect to the Convertible Preferred Securities or impair any right consequent thereon.
If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Convertible Preferred Securities, the Regular Trustees may, in their sole discretion, appoint a successor Clearing Agency with respect to such Convertible Preferred Securities.

More Definitions of Convertible Preferred Securities

Convertible Preferred Securities has the meaning specified in the first recital of this Guarantee Agreement.

Convertible Preferred Securities has the meaning specified in the recitals to this First Supplemental Indenture.

Convertible Preferred Securities. The 5% Trust Convertible Preferred Securities of the Trust.

Convertible Preferred Securities is defined in the Statement of Common Definitions.

Convertible Preferred Securities means the ___% Citizens Utilities Convertible Preferred Securities, each with a liquidation value of $50, representing preferred undivided beneficial interests in the assets of the Trust.

Convertible Preferred Securities has the meaning specified in the Recitals to this instrument.

Convertible Preferred Securities means and include (i) the 6.625% Series A Senior Convertible Preferred Stock (Liquidation Amount $50.00 per Convertible Preferred Security) of the Company and (ii) any class of capital stock or securities into which or for which Convertible Preferred Securities or any other class of capital stock or securities described in this clause (ii) may hereafter be changed, converted or exchanged (in each case, other than pursuant to its terms) or which are issued to holders of Convertible Preferred Securities or any other class of capital stock or securities described in this clause (ii) upon any reorganization, recapitalization, reclassification, share combination, share subdivision, share dividend, merger, consolidation or similar transactions or events.