FELINE PRIDES definition

FELINE PRIDES means the units consisting of (a) 6.75% Trust Originated Preferred Securities issued by Conseco Financing Trust IV (the "PRIDES Preferred Securities") and (b) a purchase contract to purchase shares of common stock from Conseco (the "PRIDES Purchase Contracts").
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FELINE PRIDES means, as the context requires, the Current FELINE PRIDES, Additional FELINE PRIDES and Special FELINE PRIDES.
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FELINE PRIDES means the equity security units (each an 'EQUITY UNIT') issued by the Borrower on December 21, 2001, consisting of (a) interest bearing notes due approximately five years from the date of issuance ('FELINE PRIDES SENIOR NOTES') and (b) purchase contracts under which the purchaser of such Equity Unit agrees to purchase common stock of the Borrower for an amount equal to the face amount of the Feline Prides Senior Notes held by such purchaser on a date approximately three years from the date of issuance ('FELINE PRIDES FORWARD CONTRACTS).
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Examples of FELINE PRIDES in a sentence

  • Otherwise, and except as required by the terms of the PRIDES Documents, Conseco shall, and shall cause its Affiliates to, refrain from purchasing or redeeming any FELINE PRIDES, PRIDES Purchase Contracts or PRIDES Preferred Securities, whether in the open market or otherwise.

  • Conseco shall issue shares of common stock to holders of FELINE PRIDES in accordance with the terms of the PRIDES Documents.

  • Each FELINE PRIDES holder has the option to use the preferred securities, treasury securities or cash to satisfy the May 2000 purchase contract commitment.

  • The preferred securities are pledged as collateral to secure the FELINE PRIDES holders' obligation to purchase MCN common stock under the stock purchase contracts.

  • The obligations of the Trust related to the FELINE PRIDES and trust preferred securities are unconditionally guaranteed by the Company to the extent the Company makes payments pursuant to the Debentures.


More Definitions of FELINE PRIDES

FELINE PRIDES or any substantially similar securities).
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FELINE PRIDES means the 32,200,000 FELINE PRIDES (initially consisting of 28,000,000 Income Prides) issued by EDS pursuant to the Indenture, dated as of August 12, 1996, between EDS and Texas Commerce Bank National Association (succeeded by Chase Bank of Texas National Association, which was succeeded by The Chase Manhattan Bank), as trustee, and the Second Supplemental Indenture, dated as of June 26, 2001, between EDS and The Chase Manhattan Bank, as trustee, as described in the Prospectus Supplement dated June 20, 2001.
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FELINE PRIDES means the trust-preferred securities issued by SEMCO Capital Trust II, a wholly-owned Subsidiary of the Company, under the SEMCO Capital Trust II Amended and Restated Trust Agreement dated as of June 16, 2000 and the related purchase contracts (and the pledge agreements securing the same) and other related documents and instruments, all as amended (subject to the terms hereof) from time to time.
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FELINE PRIDES. (SM) means (A) _______ units referred to as Income PRIDES(SM) with a Stated Amount, per Income PRIDES, of $10 and (B) _______ units referred to as Growth PRIDES(SM) with a face amount, per Growth PRIDES, of $10.
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FELINE PRIDES means a security which, upon issuance, will consist of a unit (referred to as an Income PRIDES) comprised of (i) a stock purchase contract under which (a) the holder of the unit will purchase from the Sponsor, for an amount in cash, a certain number of shares of common stock of the Sponsor and (b) the Sponsor will pay the holder contract adjustment payments, and (ii) a ____% Preferred Security. After issuance, FELINE PRIDES units with respect to which Treasury Securities have been substituted for Preferred Securities will be referred to as Growth PRIDES.
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FELINE PRIDES means the equity security units (each an "EQUITY UNIT") issued by the Borrower on December 18, 2001, consisting of (a) interest bearing notes due approximately five years from the date of issuance ("FELINE PRIDES SENIOR NOTES") and (b) purchase contracts under which the purchaser of such Equity Unit agrees to purchase common stock of the Borrower for an amount equal to the face amount of the Feline
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FELINE PRIDES means units of securities to be issued by the Company to the FELINE PRIDES Purchaser pursuant to the Stock Purchase Agreement, with each unit consisting of (i) a Purchase Contract and (ii) either a Preferred Share having a stated liquidation value of $50 or U.S. treasury securities or certain demand promissory notes with a principal amount at maturity equal to $50.
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