Convertible Preferred Securities definition

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

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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

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.
The Regular Trustees will cause a notice of any meeting at which Holders of Convertible Preferred Securities are entitled to vote, or of any matter upon which action by written consent of such Holders is to be taken, to be mailed to each Holder of record of Convertible Preferred Securities.
The Convertible Preferred Securities are transferable on the books and records of the Trust, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer.
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.
Notwithstanding that Holders of Convertible Preferred Securities are entitled to vote or consent under any of the circumstances described above, any of the Convertible Preferred Securities that are owned by the Sponsor or any Affiliate of the Sponsor shall not be entitled to vote or consent and shall, for purposes of such vote or consent, be treated as if they were not outstanding.

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 7% Trust Convertible Preferred Securities of the Trust.

Convertible Preferred Securities shall have the meaning assigned thereto in the Indenture.

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 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.