Series B Preferred Securities definition

Series B Preferred Securities means the Floating Rate Non-Cumulative Series B Preferred Securities, par value $0.01 per share, of the Company.

Series B Preferred Securities means the ___% Cumulative Monthly Income Preferred Securities, Series B, representing limited partner interests of PECO Energy Capital. Unless otherwise defined herein, all other capitalized terms used herein have the meanings set forth in the Original Indenture.

Series B Preferred Securities means the Series B Preferred Limited Partner Units issued by Borrower pursuant to the Designation Instrument for such Series B Preferred Limited Partner Units.

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.

• 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.

• 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 will then make distributions on its Series B Preferred Securities to the Trust which will concurrently make distributions on its Preferred Trust Receipts to the holders thereof.

• Unless waived by the Required Banks, no Borrower Party shall make any Restricted Payments after the occurrence of and during the continuation of an Event of Default under Section 6.1(a), other than Restricted Payments with respect to the Series A Preferred Securities and the Series B Preferred Securities.

More Definitions of Series B Preferred Securities

Series B Preferred Securities. ’ means the 4 Series B CMS-Linked Non-cumulative Guaranteed Non-Voting Preferred Securities of the Issuer; and

Series B Preferred Securities has the meaning set forth in Section 7.1(a).

Series B Preferred Securities means the Series B Floating Rate Preferred Securities, representing an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 per security and having the rights provided therefor in this Trust Agreement.

Series B Preferred Securities means Series B Adjustable Rate Cumulative Preferred Securities as defined in the Written Action.

Series B Preferred Securities has the meaning set forth in the Recitals of the Company.

Series B Preferred Securities means the limited partner interests designated 8% Cumulative Monthly Income Preferred Securities, Series B issued by the Partnership. Each of the other terms used in this First Supplemental Indenture that is defined in the Indenture and not defined herein shall have the meaning assigned to it in the Indenture.

Series B Preferred Securities. ’ means the 4 Series B CMS-Linked Non-cumulative Guaranteed Non-voting Preferred Securities;