Examples of PCS Group Common Stock in a sentence
For purposes of this paragraph (iii), the term "PCS Extraordinary Cash Dividend" means any cash dividend with respect to the PCS Group Common Stock the amount of which, together with the aggregate amount of cash dividends on the PCS Group Common Stock to be aggregated with such cash dividend in accordance with the following provisions of this paragraph, equals or exceeds the threshold percentage set forth below in the following sentence.
If less than all of the shares of PCS Group Common Stock represented by any one stock certificate are to be redeemed or converted, then the Corporation shall issue and deliver a new stock certificate for the shares of PCS Group Common Stock not redeemed.
The provisions of this Section 7.3 shall not apply to the extent that other adjustments in respect of such conversion, exchange or redemption of a class or series of PCS Group Common Stock are otherwise made pursuant to the provisions of such Convertible Securities.
Except as prescribed by law and in addition to the rights provided for in this ARTICLE SIX, the holders of the shares of the Eighth Series shall be entitled to vote at any annual or special meeting of the shareholders, for each share of Eighth Series, a number of votes equal to the product of the PCS Group Multiple then in effect times the highest number of votes that each share of PCS Group Common Stock entitles its holder to vote at such meeting of shareholders.
The subdivision or combination of the PCS Group Common Stock at any time outstanding into a greater or lesser number of shares of PCS Group Common Stock shall not be deemed to be a reclassification of the PCS Group Common Stock for the purposes of this subsection.
The total common equity value of the Corporation shall be represented by the sum of the outstanding shares of (i) the WorldCom Group Common Stock and (ii) the PCS Group Common Stock.
Notwithstanding the foregoing, notice shall be given no later than the time any required notice of such action or event is given to the holders of PCS Group Common Stock or WorldCom Group Common Stock.
Upon any Transfer of shares of Series 2 PCS Stock or Series 2 Common Stock, as the case may be (other than a Transfer to a Cable Holder) each such share so Transferred shall automatically convert (without the payment of any consideration) into one duly issued, fully paid and nonassessable share of Series 1 PCS Group Common Stock or Common Stock, respectively, as of the date of such Transfer.
Except as otherwise provided in ARTICLE SIX, Sections 2.2 and 6.2, shares of PCS Group Common Stock are (i) subject to conversion or redemption, as the case may be, upon the terms provided in this Section 7 with respect to each class and (ii) otherwise not subject to conversion or redemption.
The total common equity value of the WorldCom Group shall be represented by the outstanding shares of the WorldCom Group Common Stock and the total common equity value of the PCS Group shall be represented by the sum of (i) the outstanding shares of the PCS Group Common Stock and (ii) the Number Of Shares Issuable With Respect To The WorldCom Group Intergroup Interest.