Debt Exchangeable for Common Equity definition

Debt Exchangeable for Common Equity means a security or combination of securities (together in this definition, “such securities”) that:
Sample 1Sample 2Sample 3
Debt Exchangeable for Common Equity means a security or combination of securities (together in this definition, “securities”) that:
Sample 1Sample 2Sample 3
Debt Exchangeable for Common Equity means a security (or combination of securities) that:
Sample 1Sample 2Sample 3

More Definitions of Debt Exchangeable for Common Equity

Debt Exchangeable for Common Equity has the meaning specified in the Replacement Capital Covenant.
Sample 1
Debt Exchangeable for Common Equity means a security (or combination of securities (together in this definition “such securities”) that: • gives the holder a beneficial interest in (i) the Corporation’s or the issuing Affiliate’s, as applicable, debt securities and (ii) a fractional interest in a stock purchase contract for a share of the Corporation’s or such issuing Affiliate’s Common Stock that will be settled in three years or less, with the number of shares of Common Stock purchasable pursuant to such stock purchase contract to be within a range established at the time of issuance of such debt securities; • provides that the investors directly or indirectly grant the Corporation or the issuing Affiliate, as applicable, a security interest in such debt securities and their proceeds (including any substitute collateral permitted under the transaction documents) to secure the investors’ direct or indirect obligation to purchase the Corporation’s or such issuing Affiliate’s Common Stock pursuant to such stock purchase contracts; • includes a remarketing feature pursuant to which the Corporation’s or the issuing Affiliate’s, as applicable, debt securities are remarketed to new investors commencing not later than the first Distribution Date that is at least 1 month prior to the settlement date of the purchase contract; and • provides for the proceeds raised in the remarketing to be used to purchase the Corporation’s or the issuing Affiliate’s, as applicable, Common Stock under the stock purchase contracts and, if there has not been a successful remarketing by the settlement date of the purchase contract, provides that the stock purchase contracts will be settled by the Corporation or such issuing Affiliate foreclosing on the Corporation’s respective debt securities or other collateral directly or indirectly pledged by investors in the Debt Exchangeable for Common Equity.
Sample 1
Debt Exchangeable for Common Equity means a security or combination of securities that:• gives the holder a beneficial interest in (i) a fractional interest in a stock purchase contract for a share of common stock of AIG that will be settled in three years or less, with the number of shares of common stock of AIG purchasable pursuant to such stock purchase contract to be within a range established at the time of issuance of the subordinated debt securities referred to in clause (ii), subject to customary anti-dilution adjustments, and (ii) debt securities of AIG or one of its subsidiaries that are non-callable prior to the settlement date of the stock purchase contract;• provides that the holders directly or indirectly grant AIG a security interest in such securities and their proceeds (including any substitute collateral permitted under the transaction documents) to secure the holders’ direct or indirect obligation to purchase common stock of AIG pursuant to such stock purchase contracts;• includes a remarketing feature pursuant to which the debt securities are remarketed to new investors commencing not later than the settlement date of the stock purchase contract; and• provides for the proceeds raised in the remarketing to be used to purchase common stock of AIG under the stock purchase contracts and, if there has not been a successful remarketing by the settlement date of the stock purchase contract, provides that the stock purchase contracts will be settled by AIG exercising its remedies as a secured party with respect to the debt securities or other collateral directly or indirectly pledged by holders of the debt exchangeable for common equity.
Sample 1

Related to Debt Exchangeable for Common Equity

  • Qualifying Capital Securities means securities (other than Common Stock, rights to acquire Common Stock and securities convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • Redeemable Capital Interests in any Person means any equity security of such Person that by its terms (or by terms of any security into which it is convertible or for which it is exchangeable), or otherwise (including the passage of time or the happening of an event), is required to be redeemed, is redeemable at the option of the holder thereof in whole or in part (including by operation of a sinking fund), or is convertible or exchangeable for Debt of such Person at the option of the holder thereof, in whole or in part, at any time prior to the Stated Maturity of the Notes; provided that only the portion of such equity security that is required to be redeemed, is so convertible or exchangeable or is so redeemable at the option of the holder thereof before such date will be deemed to be Redeemable Capital Interests. Notwithstanding the preceding sentence, any equity security that would constitute Redeemable Capital Interests solely because the holders of the equity security have the right to require the Company to repurchase such equity security upon the occurrence of a change of control or an asset sale will not constitute Redeemable Capital Interests if the terms of such equity security provide that the Company may not repurchase or redeem any such equity security pursuant to such provisions unless such repurchase or redemption complies with Section 4.07 hereof. The amount of Redeemable Capital Interests deemed to be outstanding at any time for purposes of this Indenture will be the maximum amount that the Company and its Restricted Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Redeemable Capital Interests or portion thereof, exclusive of accrued dividends.