Series 1 PCS Stock definition

Series 1 PCS Stock means the PCS Common Stock -- Series 1, par value U.S. $1.00 per share, of Sprint to be created by the Initial Charter Amendment.

Series 1 PCS Stock means the PCS Common Stock - Series 1, par value $1.00 per share, of the Corporation, created by the filing of the Initial Charter Amendment.

Series 1 PCS Stock means the PCS Common Stock -- Series 1, par value to be determined, of Sprint, which will be created on or about the Primary Closing Date by the filing of the Initial Charter Amendment.

Examples of Series 1 PCS Stock in a sentence

• Upon any Transfer of shares of Series 2 PCS Stock or Series 2 FON 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 Stock or Series 1 FON Stock, respectively, as of the date of such Transfer.

• The holders of the shares of the Eighth Series shall be entitled to exercise such voting rights with the holders of Series 1 PCS Stock, without distinction as to class, at any annual or special meeting of stockholders for the election of directors and on any other matter submitted to a vote of the stockholders of the Corporation at such meeting.

• If less than all the outstanding Seventh Series is to be redeemed, the shares to be redeemed shall be selected pro rata as nearly as practicable or by lot, or by such other method as may be determined by the Board of Directors to be equitable, without regard to whether the shares to be redeemed are convertible into Series 1 PCS Stock or Series 2 PCS Stock.

• The Corporation shall at all times keep available and reserved for the purpose of issuance upon conversion of shares of Seventh Series the number of shares of its Series 1 PCS Stock and the number of shares of its Series 2 PCS Stock required for conversion of the outstanding and any reserved shares of the Seventh Series.

• If after the date hereof all outstanding shares of Class A Stock shall have been converted into Non-Class A Common Stock pursuant to the Class A Provisions, each share of Series 3 PCS Stock to have been issued by Sprint pursuant to this Agreement shall instead be issued as one duly issued, fully paid and nonassessable share of Series 1 PCS Stock.

• MCI WorldCom shall use its reasonable best efforts to cause the shares of MCI WorldCom Common Stock, MCI WorldCom Series 1 PCS Stock and MCI WorldCom Series 1 Preferred Stock to be issued in the Merger to be approved for quotation on Nasdaq, subject to official notice of issuance.

• The shares of MCI WorldCom Common Stock, MCI WorldCom Series 1 PCS Stock and MCI WorldCom Series 1 Preferred Stock to be issued in the Merger shall have been approved for quotation on Nasdaq, subject to official notice of issuance.

• The Corporation shall at all times keep available and reserved for the purpose of issuance upon conversion of shares of Seventh Series the number of shares of its Series 1 PCS Stock and the number of shares of its Series 2 PCS Stock required for conversion of the outstanding and any reserved shares of the 87 Seventh Series.

• The Final Judgment, which was entered by the United States District Court for the District of Columbia on August 23, 1999, requires the Trustee, on or before May 23, 2002, to dispose of a portion of the Sprint Securities sufficient to cause Liberty Media Group to beneficially own no more than 10% of the outstanding Series 1 PCS Stock of Sprint on a fully diluted basis on such date.

• For the purposes of this subparagraph, the market value of a share of Series 1 PCS Stock or Common Stock shall be the Closing Price of such a share on the day immediately preceding the date upon which such shares of Seventh Series are surrendered for conversion.

More Definitions of Series 1 PCS Stock

Series 1 PCS Stock means the PCS Common Stock - Series 1, par value $1.00 per share, of the Corporation, which will be created by the filing of the Initial Charter Amendment. (N) "Series 2 PCS Stock" shall mean the PCS Common Stock - Series 2, par value $1.00 per share, of the Corporation, which will be created by the filing of the Initial Charter Amendment. (O) "Series 3 PCS Stock" shall mean the PCS Common Stock - Series 3, par value $1.00 per share, of the Corporation, which will be created by the filing of the Initial Charter Amendment. (P) "Sprint Common Stock" shall mean Common Stock, par value $2.50 per share, of the Corporation, as provided for in the Initial Charter Amendment. (Q) "Subsequent Charter Amendment" shall have the meaning set forth in the Restructuring and Merger Agreement.

Series 1 PCS Stock means the PCS Common Stock - Series 1, par value $1.00 per share, of the Corporation.

Series 1 PCS Stock. The PCS Common Stock--Series 1, par value $1.00 per share, of Sprint and any securities into or for which such securities are converted or exchanged by Sprint.