Junior Exchangeable Preferred Stock definition
Examples of Junior Exchangeable Preferred Stock in a sentence
There is hereby created out of the authorized and unissued shares of Preferred Stock of the Company (i) a series of Preferred Stock designated as the "12 1/2% Junior Exchangeable Preferred Stock Due 2009" (the "Initial Exchangeable Preferred Stock") and (ii) a series of Preferred Stock designated as the "12 1/2% Series B Junior Exchangeable Preferred Stock Due 2009" (the "Series B Stock").
Re: 12 1/2% Junior Exchangeable Preferred Stock Due 2009 (the "Exchangeable Preferred Stock") of IXC Communications, Inc.
There is hereby created out of the authorized and unissued shares of preferred stock of the Company a class of preferred stock designated as the "Junior Exchangeable Preferred Stock" (the "Junior Preferred Stock").
There is hereby created out of the authorized and unissued shares of Preferred Stock of the Corporation a class of Preferred Stock designated as the "13 1/4% Cumulative Junior Exchangeable Preferred Stock".
The distinctive designation of such series is "Junior Exchangeable Preferred Stock" (hereinafter in this Resolution called the "Junior Preferred Stock"), par value $0.01 per share, which shall consist of 523,980 shares of such Junior Preferred Stock.
September 30, December 31, (dollars in millions) 2003 2002 --------------------- ---- ---- Minority interest consists of: 12-1/2% Junior Exchangeable Preferred Stock $ -- $ 414.4 Minority Interest in Cincinnati Bell Wireless held by AT&T Wireless Services Inc.
There is hereby created out of the authorized and unissued shares of Preferred Stock of the Corporation a series of Preferred Stock designated as the "12 1/4% Series B Junior Exchangeable Preferred Stock." The number of shares constituting such series shall be 10,000 and are referred to herein as the "Series B Junior Preferred Stock." 4,809 shares of Series B Junior Preferred Stock shall be initially issued with an additional 5,191 shares reserved for issuance in accordance with paragraph (c)(i) hereof.
Dividends on the Junior Exchangeable Preferred Stock are cumulative, are payable quarterly, and may be paid, at the Company's option, on any dividend payment date occurring on or before February 15, 2005, either in cash or by the issuance of additional shares of Junior Exchangeable Preferred Stock having an aggregate liquidation preference equal to the amount of such dividends.
Shares of the Senior and Junior Exchangeable Preferred Stock and Class T Convertible Preferred Stock are non-voting, except as otherwise required by law and as provided in their respective Certificates of Designation.
In the event that there is no share of Junior Preferred Stock outstanding on or after the date of closing of the Corporation's initial underwritten public offering of Common Stock, without any further action by the Corporation, this Section 3(b) shall be of no further force and effect and there shall be no class of preferred stock designated the "Junior Exchangeable Preferred Stock".