Preferred Capital Securities definition

Preferred Capital Securities means the 9½% Mandatory Redeemable Preferred Capital Securities due 2027 issued by a wholly-owned finance subsidiary trust of the Company, as the terms of which may be amended, restated, supplemented or otherwise modified in accordance with the terms of Section 7.3(K) hereof.
Preferred Capital Securities means the 9 1/2% Mandatory Redeemable Preferred Capital Securities due 2027 issued by a wholly-owned finance subsidiary trust of the Company, as the terms of which may be amended, restated, supplemented or otherwise modified in accordance with the terms of Section 7.3(K) hereof. “Prime Rate” means the rate of interest per annum publicly announced from time to time by JPMCB as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. “Prior Credit Agreement” means that certain Credit Agreement, dated as of July 6, 2004, among the Company, certain Subsidiaries of the Company party thereto from time to time, the financial institutions party thereto, JPMCB (successor by merger to Bank One, NA), as administrative agent, JPMCB and Citicorp North America, Inc., as syndication agents, and ABN AMRO Bank N.V., BNP Paribas and UBS Loan Finance LLC, as co-documentation agents. “Property” of a Person means any and all property, whether real, personal, tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person. “Pro Rata Share” means, with respect to any Lender, (a) with respect to Revolving Loans, L/C Obligations or Swing Line Loans or any determination ofRequired Revolving Loan Lenders”, a percentage equal to a fraction the numerator of which is such Lender’s Revolving Loan Commitment and the denominator of which is the Aggregate Revolving Loan Commitment (or if the Revolving Loan Commitments have terminated or expired, the Pro Rata Shares shall be determined based upon such Lender’s share of the Revolving Credit Obligations at that time), (b) with respect to the Term Loans, a percentage equal to a fraction the numerator of which is such Lender’s outstanding principal amount of the Term Loans and the denominator of which is the aggregate outstanding amount of the Term Loans of all Lenders and (c) with respect to any reimbursement or indemnity obligation applicable to all of the Lenders or any determination of “Required Lenders”, a percentage equal to a fraction the numerator of which is the sum of such Lender’s Revolving Loan Commitment (or, if the Revolving Loan Commitments have been terminated or expired, such Lender’s share of the Revolving Credit Obligations) and such Lender’s outstanding principal amount of the Term Loans and the denominator of which is the sum of the Aggregate ...
Preferred Capital Securities means the 9 1/2% Mandatory Redeemable Preferred Capital Securities due 2027 issued by a wholly-owned finance subsidiary trust of the Company, as the terms of which may be amended, restated, supplemented or otherwise modified in accordance with the terms of Section 7.3(K) hereof.

Examples of Preferred Capital Securities in a sentence

  • Mellon Capital IV’s 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities are also listed on the New York Stock Exchange under the ticker symbol BK/P.

  • Any communications from Soliciting Dealer should be in writing addressed to the Dealer Manager at: Preferred Capital Securities, LLC 0000 Xxxxxxxxx Xxxxxxx, XX Xxxxxxx, Xxxxxxx 00000 Attention: Xx. Xxxxx X.

  • MLA also builds the category by conducting national and state-based promotional activity with independent butchers and the foodservice channel to increase merchandising and value-added options versus competitor proteins, and works to manage major national accounts to grow product ranges and promotional activity for beef in the face of competition from other protein suppliers.

  • On November 29, 2012, the amount of Preferred Capital Securities outstanding with third parties was reduced to EUR 58,765 thousand, and a new intercompany loan for EUR 58,765, with a 5 year term, was signed between The Parties dated on December 31, 2012.

  • For more Preferred Capital Securities news, visit their directory page here.

  • The amount of the reallowance to any participating broker-dealer will be determined by the dealer manager in its sole discretion.The dealer manager of this offering is Preferred Capital Securities, LLC, or PCS, our affiliate.

  • The Capital Securities are categorized in the consolidated statements of financial position as "Company-Obligated Mandatorily Redeemable Preferred Capital Securities of Subsidiary Trust Holding Solely the Company's Junior Subordinated Debentures." The after-tax interest incurred on the Capital Securities is reported as minority interest in the consolidated statements of income.

  • Note: For the calculation of Net Debt, Net Debt to EBITDA and Interest Coverage, the company is conservatively adding the Preferred Capital Securities (US$250 million outstanding at the end of the first quarter) because of the put option to CEMEX in 2005 under its structure and the remaining US$650 million in Preferred Equity.

  • Table 3.1 Variables Variables Description Notations Dependent Variable Volume of Shares traded Measures the monthly volume of shares traded at the GSE VOL GSEStock market index Measures the performances of the market.

  • This Exhibit A is attached to and made a part of that certain Selected Investment Advisor Agreement (the “Agreement”), among Preferred Capital Securities, LLC, PreferredApartment Communities, Inc., and .


More Definitions of Preferred Capital Securities

Preferred Capital Securities has the meaning specified in the recitals to this Guarantee Agreement.
Preferred Capital Securities has the meaning specified in the first recital of this Indenture.

Related to Preferred Capital Securities

  • 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.

  • 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.

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

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

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

  • Qualifying Capital Securities means securities (other than Common Stock, rights to acquire Common Stock and securities convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • 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.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • 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.

  • 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.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • 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.

  • Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Series C Notes is defined in Section 1.

  • Definitive Capital Securities means any Capital Securities in definitive form issued by the Trust.

  • Series D Notes is defined in Section 1.

  • Class B Warrants means 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 and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • 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).

  • Preferred Equity means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Preferred ’ means any of the above securities that are publicly traded on a recognized securities exchange and the securities have a rating of ‘‘A’’ or above. If the securities are not ‘‘Preferred,’’ they are listed as ‘‘Other.’’