Preference Securities definition

Preference Securities means the Preferred Securities and the Capital Securities.
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Preference Securities means, for the purposes of Section 624, securities to which there is attached a genuine and non- specious preference or right over any class of Residual Equity Securities of the listed issuer;
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Preference Securities means securities to which there is attached a genuine and non-specious preference or right over any class of Residual Equity Securities of the listed issuer;
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Examples of Preference Securities in a sentence

  • Neither we nor the underwriters are making an offer to sell the Trust Preference Securities in any jurisdiction where the offer or sale is not permitted.

  • DividendsA liability for dividends payable (including distributions on the Step-Up Preference Securities) is recognised in the reporting period in which the dividends are declared, for the entire undistributed amount, regardless of the extent to which they will be paid in cash.

  • Long-term subordinated debt and Convertible Preference Securities.

  • Gearing Target Range*Adjusted gearing, which treats the Step-up Preference Securities (SPS) as 50% equity and 50% debt.

  • To hedge, when appropriate, existing or planned issuances of Debt and Preferred or Preference Securities.

  • To hedge, when appropriate, planned issuances of Debt and Preferred and Preference Securities, within reasonable limits established in the New Financing Rule.

  • These include E Class Wiggins Island Preference Securities (‘WIPS’) of $15,319,862 (2011: $15,319,862) and Gladstone Long Term Securities (‘GiLTS’) of $31,500,000 (2011: $31,500,000).

  • The Series G Preference Stock will be issued by SCE and will be purchased by SCE Trust II with the proceeds of the sale of the 5.10% Trust Preference Securities issued by it.

  • The conversion price is set at $14.8648 per ordinary share, and is subject to adjustment in accordance with customary market practice.Transpacific has provided an unsecured, subordinated guarantee in respect of payments due to holders of 2,500,000 Step‑up Preference Securities (“Transpacific SPS”) issued in August 2006 by the responsible entity of the Transpacific SPS Trust ARSN 120 322 625.

  • The Series G Preference Stock may later be distributed to the holders of Trust Preference Securities upon dissolution of SCE Trust II and the distribution of the assets thereof.

Related to Preference Securities

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Series A Securities means the Company's 10.01% Series A Junior Subordinated Deferrable Interest Debentures due March 15, 2027, as authenticated and issued under this Indenture.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • Pari Passu Securities means any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, on parity with the Designated Preferred Stock as to distribution of assets upon liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

  • Exchangeable Securities means any securities of any trust, limited partnership or corporation other than the Trust that are convertible or exchangeable directly for Units without the payment of additional consideration therefore;

  • Parity Securities has the meaning specified therefor in Section 2.02(b) of this Agreement.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Investor Securities means the securities eligible for registration pursuant to the Registration Rights Agreement.

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Series A Debentures means the Series A 9-7/8% Junior Subordinated Deferrable Interest Debentures due February 15, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Series A or “Series A Equipment Notes” means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Derivative Securities means any securities or rights convertible into, or exercisable or exchangeable for (in each case, directly or indirectly), Common Stock, including options and warrants.

  • Series A Notes is defined in Section 1.