Series 2 PCS Stock definition

Series 2 PCS Stock means the PCS Common Stock -- Series 2, par value U.S. $1.00 per share, of Sprint to be created by the Initial Charter Amendment.

Series 2 PCS Stock means the PCS Common Stock - Series 2, par value $1.00 per share, of the Corporation, created by the filing of the Initial Charter Amendment.

Series 2 PCS Stock means the PCS Common Stock -- Series 2, 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 2 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.

• 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.

• Subject to the provisions of the following paragraph, the total number of shares for which options may be granted under the Plan each year shall be 0.9% of the total outstanding shares of each class of common stock of the Company (including, with respect to the PCS Stock, both Series 1 and Series 2 PCS Stock) as of the first day of such year; provided, however, that such number shall be increased in any year by the number of shares available in previous years for which options have not been granted.

• 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.

• 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.

• 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.

• All references herein to shares of Series 2 PCS Stock and Series 2 Common Stock issuable upon conversion of shares of Seventh Series shall be deemed to refer to shares of Series 1 PCS Stock and Common Stock, respectively, if the holder of such Seventh Series is not a Cable Holder.

• Except as provided in the preceding sentence, upon any conversion of shares of Seventh Series, the Corporation shall make no payment of or allowance of unpaid Seventh Series Preferred Dividends, whether or not in arrears, on such shares of Seventh Series, or for previously declared dividends or distributions on the shares of Series 2 PCS Stock issued upon conversion.

• At the Effective Time, the number of shares of Series 2 PCS Stock and Warrants held by each of the Cable Parents and its Subsidiaries will represent the following Initial PCS Group Percentage Interests: TCI Parent - 23.83074%; Comcast Parent - 11.42370%; and Cox Parent - 11.91537%.

• Because the Reporting Person does not have the right to acquire any shares of Series 1 PCS Stock underlying the Series 2 PCS Stock, the Series 7 Preferred Stock or the Warrants, within sixty days of the date of the event requiring this statement, the Reporting Person disclaims beneficial ownership of all shares of Series 1 PCS Stock underlying the Series 2 PCS Stock, the Series 7 Preferred Stock and the Warrants, beneficially owned by the Reporting Person.

More Definitions of Series 2 PCS Stock

Series 2 PCS Stock means 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 2 PCS Stock means the PCS Common Stock - Series 2, par value $1.00 per share, of the Corporation.

Series 2 PCS Stock means the PCS Common Stock-Series 2, par value $0.01 per share, of Sprint, as it exists on the Closing Date (as defined in the Restructuring Agreement), and any securities of Sprint into or for which such Series 2 Sprint PCS Group Common Stock may thereafter be changed, converted or exchanged.

Series 2 PCS Stock. The PCS Common Stock--Series 2, par value $1.00 per share, of Sprint and any securities into or for which such securities are converted or exchanged by Sprint.