Existing Preferred Securities definition

Existing Preferred Securities. ’ means the k200,000,000 Series A Floating Rate Non-cumulative Guaranteed Non-voting Preferred Securities issued on 5th December,2002;
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Existing Preferred Securities has the meaning specified in the Recitals to this Indenture.
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Existing Preferred Securities means the 6% Convertible Trust Preferred Securities Due February 15, 2028 issued by the Existing Trust.
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Examples of Existing Preferred Securities in a sentence

  • Redemptions required by this Section 7(b) shall have priority to payments to all other stockholders of the Company in connection with such Change of Control (other than payments to the holders of Existing Preferred Securities, which shall rank pari passu with payments to the Holders of the Preferred Shares).

  • Solely for purposes of ranking and priority with respect to the Existing Debentures, the Existing Preferred Securities Guarantee and the Existing Common Securities Guarantee, this Common Securities Guarantee shall be deemed "Senior Indebtedness," as such term is defined in the Existing Indenture, the Existing Preferred Securities Guarantee and the Existing Common Securities Guarantee, respectively.

  • A holder of Existing Preferred Securities may also contact D.F. King & Co., Inc.

  • The payment of the principal of, premium (if any), interest on or any other amounts due on the Securities is subordinated and junior in right of payment to all existing and future Senior Indebtedness (as defined below) of the Company and senior and prior in right of payment to the Common Securities Guarantee, the Exchange Common Securities Guarantee, the Existing Debentures, the Existing Common Securities Guarantee and the Existing Preferred Securities Guarantee, as described in the Indenture.

  • After receipt of instructions to tender, we will tender all of the Existing Preferred Securities held by us for your account unless we receive specific contrary instructions.

  • Redemptions required by this Section 6(b) shall have priority to payments to all other stockholders of the Company in connection with such Change of Control (other than payments to the holders of Existing Preferred Securities, which shall rank pari passu with payments to the Holders of the Preferred Shares).

  • This will instruct you to tender the Existing Preferred Securities indicated below (or, if no number is indicated below, all Existing Preferred Securities) held by you for the amount of the undersigned, upon and subject to the terms and conditions set forth in the Prospectus and the related Letter of Transmittal.

  • Please tender the Existing Preferred Securities held by you for my account as indicated below: -------------------------------------------------------------------------------- 6% Convertible Trust Preferred Securities due February 15, 2028 $____________ (Aggregate Liquidation Amount of Existing Preferred Securities) [ ] Please do not tender any Existing Preferred Securities held by you for any account.

  • The rights of all such shares of capital stock of the Company (other than the Existing Preferred Securities, which shall rank pari passu with the Preferred Shares) shall be subject to the rights, powers, preferences and privileges of the Preferred Shares.

  • Solely for purposes of ranking and priority with respect to the Existing Debentures, the Existing Preferred Securities Guarantee and the Existing Common Securities Guarantee, this Preferred Securities Guarantee shall be deemed "Senior Indebtedness," as such term is defined in the Existing Indenture, the Existing Preferred Securities Guarantee and the Existing Common Securities Guarantee, respectively.


More Definitions of Existing Preferred Securities

Existing Preferred Securities means the 6% Convertible Trust Preferred Securities due February 15, 2028 issued by Fleetwood Capital Trust.
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Existing Preferred Securities means 28,125 preferred securities having an aggregate liquidation amount of $28,125,000 issued by NovaStar Capital Trust II.
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Existing Preferred Securities means 50,000 preferred securities having an aggregate liquidation amount of $50,000,000 issued by NovaStar Capital Trust I.
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Existing Preferred Securities means the trust preferred securities of UICI Capital Trust 1, a Delaware statutory trust, which upon completion of the Transaction shall be a direct subsidiary of the Borrower, issued on or about April 29, 2004.
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Related to Existing Preferred Securities

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Non Book-Entry Preferred Securities shall have the meaning set forth in Section 2.4.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series B Preferred Units shall have the meaning provided in Section 1.