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

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.

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.
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.
Each Holder of Convertible Preferred Securities and Common Securities, by the acceptance thereof, agrees to the provisions of the Convertible Preferred Securities Guarantee and the Common Securities Guarantee, respectively, including the subordination provisions therein and to the provisions of the Indenture.
Each conversion shall be deemed to have been effected immediately prior to the close of business on the day on which the Notice of Conversion was received (the "Conversion Date") by the Conversion Agent from the Holder or from a holder of the Convertible Preferred Securities effecting a conversion thereof pursuant to its conversion rights under the Declaration, as the case may be.
On the Closing Date the Sponsor will purchase all of the Common Securities issued by the Trust, in an amount at least equal to 3% of the capital of the Trust, at the same time as the Convertible Preferred Securities are sold.

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 shall have the meaning assigned thereto in the Indenture.

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.

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

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.