NYSE Approval Proposal definition

NYSE Approval Proposal means the proposal to approve the issuance of a portion of the Warrants and the Warrant Shares in accordance with the rules of the NYSE or any other U.S. national securities exchange on which the Common Stock is then listed.

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NYSE Approval Proposal means the proposal to approve (i) the designations, preferences, limitations and relative rights set forth on Annex III of the Statements of Designation of the Hybrid Preferred Stock, including the convertibility of the Hybrid Preferred Stock into Common Stock, (ii) the issuance of all of the shares of Common Stock issuable upon the conversion of the Hybrid Preferred Stock and (ii) the removal of the restriction on adjustments to the conversion price of the 7.0% Preferred Stock as set forth in Section 10 of the Statements of Designation of the 7.0% Preferred Stock, each in accordance with the rules of the NYSE or any other U.S. national securities exchange on which the Common Stock is then listed.

NYSE Approval Proposal means the proposal to approve (i) the designations, preferences, limitations and relative rights set forth on Annex III to the Hybrid Statements, including the convertibility of the Hybrid Preferred Stock into Common Stock, (ii) the issuance of all of the shares of Common Stock issuable upon the conversion of the Hybrid Preferred Stock and (iii) the removal of the restrictions on adjustments to the Conversion Price (as defined in the 7.0% Statements) of the 7.0% Preferred Stock as set forth in Section 10 of the 7.0% Statements, each in accordance with the rules of the NYSE or any other U.S. national securities exchange on which the Common Stock is then listed.

Examples of NYSE Approval Proposal in a sentence

EXCO shall take, in accordance with applicable Law and its Articles of Incorporation and Bylaws, all action necessary to convene the Shareholder Meeting as promptly as practicable but no later than September 26, 2007 to submit for approval by the requisite vote of the shareholders of EXCO the NYSE Approval Proposal.
EXCO shall take all lawful action to solicit from the shareholders proxies in favor of the NYSE Approval Proposal and take all other action necessary or advisable to secure the vote or consent of the shareholders that are required by the rules of the NYSE and applicable Law, including, if necessary or appropriate, adjourning the Shareholder Meeting to solicit additional proxies.
Following the Triggering Date, EXCO shall not be permitted to resubmit the NYSE Approval Proposal, except as permitted by the Statements of Designation.

More Definitions of NYSE Approval Proposal

NYSE Approval Proposal means the proposal to approve the issuance of a portion of the Warrants and the Warrant Shares in accordance with the rules of the NYSE or any other U,S. national securities exchange on which the Common Stock is then listed.