Preferred Equity Securities means any Equity Security of the Company (other than the Series A Preferred or Series B Preferred) that ranks senior to the Common Stock as to dividends or the distribution of assets upon any liquidation, dissolution or winding up of the Company, or any Debt Security that is issued with any Equity Security.
Preferred Equity Securities means any equity securities of the Company or any of its Subsidiaries which are limited to a fixed sum or percentage of stated value in respect to the rights of the holders thereof to participate in dividends or in the distribution of assets upon any liquidation, dissolution or winding up of the Company or any such Subsidiary.
Preferred Equity Securities has the meaning set forth in the Convertible Notes.
Examples of Preferred Equity Securities in a sentence
SCE may also issue Preferred Equity Securities via depositary shares to investors.
The types of securities proposed will provide SCE with the flexibility to issue Debt Securities and Preferred Equity Securities at the lowest cost to ratepayers.
The price, dividend rate, voting rights, liquidation preferences, and other rights, preferences, privileges, and restrictions applicable to each series of Preferred Equity Securities will be fixed by resolution of SCE’s board of directors or a committee thereof, and a certificate of preferences which includes the content of such resolution will be filed with the California Secretary of State.
Pursuant to D.12-06-015, debt enhancements, swaps, and hedges “shall only be used in connection with Debt Securities financings.” Preferred Equity Securities are not considered to be “Debt Securities” within the meaning of D.12-06-015.
Section 816 provides the Commission broad discretion to (1) determine if a utility should be authorized to issue Debt Securities and Preferred Equity Securities; and (2) attach conditions to the issuance of securities in order to protect and promote the public interest.
More Definitions of Preferred Equity Securities
Preferred Equity Securities means securities that (a) are unsecured and subordinated in right of payment to the Obligations, (b) do not mature and have no ability to be optionally redeemed by the holder thereof prior to the date that is six (6) months after the Scheduled Maturity Date and (c) do not receive any payments or distributions so long as a breach of the Financial Covenant, Default or Event of Default exists and is continuing.
Preferred Equity Securities means any Equity Security of the Company (other than the Conversion Preferred or New Preferred) that ranks senior to the Common Stock as to dividends or the distribution of assets upon any liquidation, dissolution or winding up of the Company, or any Debt Security that is issued with any Equity Security.
Preferred Equity Securities means any Equity Security of the Corporation (other than the Series B Preferred or Series A Preferred) that ranks senior to the Common Stock as to dividends or the distribution of assets upon any liquidation, dissolution or winding up of the Corporation, or any Debt Security that is issued with any Equity Security.
Preferred Equity Securities means (a) any and all shares of Capital Stock ranking senior to the Common Equity in respect of the right to receive dividends or the right to participate in any distribution upon liquidation, dissolution or winding-up of the affairs of the Corporation or the right of redemption thereof, (b) any and all equity interests of the Subsidiaries of the Corporation ranking senior to the common equity interests of such Subsidiaries in respect of the right to receive dividends or the right to participate in any distribution upon liquidation, dissolution or winding-up of the affairs of the Subsidiaries of the Corporation or the right of redemption thereof and (c) any and all securities of the Corporation or any Subsidiary convertible into, or exchangeable or exercisable for, such shares, and options, warrants, equity interests or other rights to acquire such shares or equity interests.
Preferred Equity Securities means, with respect to any Stockholder, any of the following that is now owned or that is hereinafter acquired by such Stockholder: (i) any Preferred Stock or other class or series of preferred capital stock of the Company; (ii) any security convertible, with or without consideration, into any securities described in clause (i) of this definition; (iii) any security carrying any warrant or right to subscribe for or purchase shares of any securities described in clause (i) of this definition; and (iv) any warrant, note, right, option or other derivative security which provides the right to subscribe for or purchase any securities described in clauses (i), (ii), or (iii) of this definition.
Preferred Equity Securities means securities providing for regular payments of dividends or other distributions, representing equity interests in an entity (including, without limitation, a partnership or a limited liability company) that is a borrower under a mortgage loan secured by commercial properties (or in an entity operating or controlling, directly or through affiliates, such commercial properties).
Preferred Equity Securities means, at any time, all Preferred Stock and all other securities, Options, warrants and other rights to purchase or otherwise acquire Preferred Stock to the extent convertible or exchangeable for Preferred Stock at such time at an exercise price equal to or less than the fair market value of the Preferred Stock at such time; provided, that for purposes of calculating the number of Preferred Equity Securities held by a Stockholder or outstanding at any time, all Preferred Equity Securities other than Preferred Stock shall represent such number of shares of Preferred Stock into which such Preferred Equity Securities may be converted or exchanged at an exercise price equal to or less than the fair market value of the Common Stock at such time.