Mandatory Convertible Securities definition

Mandatory Convertible Securities means equity securities or subordinated debt securities (which subordinated debt securities, if issued by the Borrower, will include subordination to the obligations of the Borrower hereunder), issued by the Borrower or one of its Subsidiaries which (i) are not (w) Mandatory Redeemable Securities (other than Qualified Securities) or (x) Conditional Common Equity and (ii) provide, pursuant to the terms thereof, that the issuer of such securities (or an affiliate of such issuer) may cause (without the payment of additional cash consideration by the issuer thereof) the conversion or exchange of, or has agreed to convert or exchange, such securities to or for equity securities of the Borrower or one of its Subsidiaries upon the occurrence of a certain date or of certain events. A Mandatory Convertible Security that is also a Qualified Security shall be treated as a Mandatory Convertible Security.

Mandatory Convertible Securities means, as of any date, debt issued by the Borrower that is mandatorily convertible into common equity so long as the Borrower provides satisfactory evidence to the Agent and the Required Lenders that such debt is afforded equity capital credit by S&P.

Mandatory Convertible Securities means equity securities or subordinated debt securities (which debt securities, if issued by a Loan Party, will include subordination to the obligations of such Loan Party hereunder), issued by Parent or one of its Subsidiaries which (i) are not (w) Mandatory Redeemable Securities or (x) Conditional Common Equity and (ii) provide, pursuant to the terms thereof, that the issuer of such securities (or an affiliate of such issuer) may cause (without the payment of additional cash consideration by the issuer thereof) the conversion of such securities to equity securities of Parent or one of its Subsidiaries upon the occurrence of a certain date or of certain events.

Examples of Mandatory Convertible Securities in a sentence

• Dated: FIAT CHRYSLER AUTOMOBILES N.V. By: Name: Title: This is one of the Securities referred to in the within-mentioned Indenture: Date of authentication: THE BANK OF NEW YORK MELLON, as Trustee By: Authorized Signatory [Back of Security] 7.875% Mandatory Convertible Securities due 2016 Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.

• X’Xxxxx Title: Vice President EXHIBIT A [Face of Security] [Insert the Global Security Legend, if applicable pursuant to the provisions of the Indenture] CUSIP No. N31738 110 ISIN No. NL0010998852 GLOBAL SECURITY representing up to $ 7.875% Mandatory Convertible Securities due 2016 No. $[ ] FIAT CHRYSLER AUTOMOBILES N.V. promise to pay to CEDE & CO.

• April 25, 2003 UnumProvident Announces Financial Restructuring Plan to Increase Financial Strength and Improve Predictability of Results Combined Offering of $900 million Common Stock and Mandatory Convertible Securities Reduces Dividend and Strengthens Group LTD Reserves Chattanooga, TN – UnumProvident Corporation (NYSE: UNM) announced today a series of actions to increase the Company’s financial strength and improve the predictability of its business.

• All the applicable waiting periods having expired or been terminated in relation to the acquisition by the Parent of the Consideration Shares, Purchaser Preferred Securities and Purchaser Mandatory Convertible Securities pursuant to the Xxxx Xxxxx Xxxxxx Anti-Trust Improvements Act of 1976 (as amended) of the United States of America.

• This Security is one of a duly authorized issue of securities of the Issuer designated as its 7.875% Mandatory Convertible Securities due 2016.

More Definitions of Mandatory Convertible Securities

Mandatory Convertible Securities means equity securities or subordinated debt securities (which subordinated debt securities, if issued by the Borrower or a Guarantor, will include subordination to the obligations of the Borrower and the Guarantors hereunder), issued by the Borrower or any of its Subsidiaries which (i) are not (x) Mandatory Redeemable Securities (other than Qualified Securities) or (y) Conditional Common Equity and (ii) provide, pursuant to the terms thereof, that the issuer of such securities (or an affiliate of such issuer) may cause (without the payment of additional cash consideration by the issuer thereof) the conversion or exchange of, or has agreed to convert or exchange, such securities to or for equity securities of the Borrower or any of its Subsidiaries upon the occurrence of a certain date or of certain events. A Mandatory Convertible Security that is also a Qualified Security shall be treated as a Mandatory Convertible Security.

Mandatory Convertible Securities means the Series C Senior Mandatory Convertible Preferred Stock of Allied Waste issued in the Mandatory Convertible Offering.

Mandatory Convertible Securities means the mandatory convertible securities to be issued by the Purchaser to the Seller pursuant to clause 2.3 having the terms and being subject to the conditions substantially in the form of or otherwise as expressly provided for in the termsheet attached in Schedule 5 (Mandatory Convertible Securities Termsheet).

Mandatory Convertible Securities means any capital securities which require that at some future date the issuer must exchange common or perpetual preferred stock for the outstanding security.

Mandatory Convertible Securities equity securities or subordinated debt securities (which debt securities, if issued by a Borrower, will include subordination to the obligations of such Borrower hereunder), issued by White Mountains or one of its Subsidiaries which (i) are not (w) Mandatory Redeemable Securities or (x) Conditional Common Equity and (ii) provide, pursuant to the terms thereof, that the issuer of such securities (or an affiliate of such issuer) may cause (without the payment of additional cash consideration by the issuer thereof) the conversion of such securities to equity securities of White Mountains or one of its Subsidiaries upon the occurrence of a certain date or of certain events.

Mandatory Convertible Securities equity securities or subordinated debt securities (which debt securities, if issued by the Borrower, will include subordination to the obligations of the Borrower hereunder), issued by the Borrower or one of its Subsidiaries which (i) are not (w) Mandatory Redeemable Securities or (x) Conditional Common Equity and (ii) provide, pursuant to the terms thereof, that the issuer of such securities (or an affiliate of such issuer) may cause (without the payment of additional cash consideration by the issuer thereof) the conversion of such securities to equity securities of the Borrower or one of its Subsidiaries upon the occurrence of a certain date or of certain events.

Mandatory Convertible Securities means securities issued by the Company that are payable by their terms solely in equity securities of the Company within three years from their issuance date.