Examples of Series B Preferred Securities in a sentence
The Series B Preferred Securities offered in this offering are non-voting and are subject to restrictions on transferability and resale.
On or after the fifth anniversary of the initial issuance of the WPFC Series B Preferred Securities, the Corporation may, with the prior approval of the OCC, redeem the Series H Preferred Stock for cash, in whole or in part, at a price equal to $20,000.00 per share of Series H Preferred Stock, plus authorized, declared, but unpaid dividends to the Redemption Date, without interest, on shares redeemed (collectively, the “Redemption Price”) from funds legally available for such purpose.
PECO Energy Capital has all requisite power and authority to issue the Series B Preferred Securities.
This Trust Agreement is for the exclusive benefit of the parties hereto and the Holders of the Receipts and the holders of Series B Preferred Securities, and their respective successors hereunder, and shall not be deemed to give any legal or equitable right, remedy or claim to any other Person whatsoever.
Common shares used in the calculation of diluted EPS for the three and six months ended June 30, 2006 do not include 5,128,205 shares of Series A common stock to be issued upon the conversion of 2,600,000 shares of 7.5% Series B Preferred Securities because to do so would be anti-dilutive.