Type of Security definition
Type of Security. Maintenance: Performance:
Type of Security. Rolling SAFE Preferred Stock (the “Rolling SAFE Preferred”) to holders of Tokens. The Preferred Stock of the Company, including the Rolling SAFE Preferred shall collectively be referred to in this term sheet as “Preferred Stock.” First the Company will pay one times the Effective Purchase Price on each share of Rolling SAFE Preferred (or, if greater, the amount that the Rolling SAFE Preferred would receive on an as-converted basis). The balance of any proceeds shall be distributed pro rata to holders of Common Stock. If the proceeds from a liquidation, dissolution or winding up of the Company are insufficient to satisfy the liquidation preference of all outstanding Preferred Stock, the proceeds shall be paid out on a pro rata basis to with respect to each series of Preferred Stock in order of the seniority of the liquidation rights of the applicable series (or, to the extent that two or more series of Preferred Stock are of equal seniority, proportionally on a pro rata basis with respect to all such series), and the balance of any remaining proceeds after a given senior series has been fully paid will be distributed pro rata to the more junior series. The Rolling SAFE Preferred will not participate in any remaining balances of proceeds to be distributed to holders of Common Stock (alone or together with holders of other series of Preferred Stock which do so participate). A merger or consolidation (other than one in which stockholders of the Company own a majority by voting power of the outstanding shares of the surviving or acquiring corporation) and a sale, lease, transfer, exclusive license or other disposition of all or substantially all of the assets of the Company will be treated as a liquidation event (a “Deemed Liquidation Event”), thereby triggering payment of the liquidation preferences described above unless the holders of a majority of the Preferred Stock elect otherwise. except with respect to such rights deemed not waivable by applicable laws.
Type of Security. Instrument: (identify type of security instrument, such as deed of trust or mortgage) Original Grantor(s): (identify original grantor(s), trustor(s), or mortgagor(s)) Original Secured Party(ies): (identify the original beneficiary(ies), mortgagee(s), or secured party(ies) in the security instrument)
Examples of Type of Security in a sentence
Issuer: Homeowners Choice, Inc Type of Security: Senior Notes Principal Amount: $35,000,000 Over-allotment Option: $5,250,000 Trade Date: January 10, 2013 Settlement Date (T+5): January 17, 2013 Final Maturity: January 30, 2020 Interest Rate: 8.00% Price to Investors: $25 per Note Underwriters’ Discount: $1,050,000 Net proceeds to Issuer (before expenses): $33,950,000 Interest Payment Dates: January 30, April 30, July 30 and October 30 of each year, commencing on April 30, 2013.
Type of Security: Common Stock, par value $0.001 per share (the “Shares”).
Type of Security Contractor to choose: Indicate “ Yes” or “ No” Cash deposit of 10% of the contract sum Performance guarantee of 10% of the contract sum Each item of data given below is cross-referenced to the clause of Conditions of Contract to which it mainly applies.
Number of Shares Type of Security ---------------- -------------------- 171 Series B Convertible Preferred Stock The Securities are governed by a Certificate of Designation in the form attached hereto.
All employees with one or more full years of service with the Office of the Hudson County Prosecutor shall receive 20 days vacation annually.
More Definitions of Type of Security
Type of Security. Rolling SAFE Preferred Stock (the “Rolling SAFE Preferred”) to holders of Tokens. The Preferred Stock of the Company, including the Rolling SAFE Preferred shall collectively be referred to in this term sheet as “Preferred.”
Type of Security. Senior Notes Principal Amount: $90,000,000 Over-allotment Option: $10,000,000 Trade Date: June 6, 2018 Settlement Date (T+3): June 11, 2018 Final Maturity: June 15, 2033 Interest Rate: 7.75% Price to Investors: 100% / $25.00 per Note Underwriters’ Discount: $2,835,000 Net Proceeds to Issuer (before estimated expenses payable by Issuer): $87,165,000 Interest Payment Dates: March 15, June 15, September 15 and December 15 of each year, commencing on September 15, 2018. Record Dates: March 1, June 1, September 1 and December 1. Redemption: Redeemable at par on or after June 15, 2023. Denominations: $25.00 minimum denominations and $25.00 integral multiples in excess thereof.
Type of Security. Senior Unsecured Notes (the "Notes") Principal Amount Offered: $30,000,000 Ratings: A rating is not a recommendation to buy, sell or hold securities. Ratings may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating agency has its own methodology for assigning ratings and, accordingly, each rating should be evaluated independently of any other rating. Trade Date: December 14, 2017 Settlement Date (T+3): December 19, 2017 Maturity Date: December 30, 2022 Interest Rate: 5.50% Issue Price: 99.456% Yield to Investors: 5.625% Interest Payment Dates: June 30 and December 30 of each year, beginning on June 30, 2018 Day Count Convention: 30/360 Denominations: $1,000 denominations and $1,000 integral multiples Use of Proceeds: Kingstone intends to use the net proceeds from the offering primarily to support organic growth, including contributions to Kingstone Insurance Company. Remaining funds will be utilized for general corporate purposes.
Type of Security. Senior Notes Aggregate Principal Amount: $100,000,000 Rating: Kroll: BBB Trade Date: June 28, 2017 Settlement Date (T+2): June 30, 2017 Final Maturity: June 30, 2022 Reference Benchmark: UST 1.75% due June 30, 2022 Reference Benchmark Yield: 1.82% Spread to Benchmark: 218 basis points Yield to Investors 4.00% Coupon: 3.95% Issue Price: 99.775%
Type of Security. Senior Discount Debentures Amount: $435,250,000.00 (Face) $275,639,472.50 (Proceeds) Maturity: April 15, 2010 Coupon: Non-Cash first 5 Years; cash thereafter (April 15 and October 15)
Type of Security. The Company intends to offer its non-voting Series A Preferred Units up to 500,000 Units (the “Series A Preferred Units”) at Ten Dollars ($10.00) per Series A Preferred Unit in an aggregate amount of up to $5,000,000 (the “Series A Preferred Offering”) to investors (each, an “Investor” and together, the “Investors” or the “Series A Preferred Units Holders”), pursuant to the terms and conditions of a subscription agreement to be entered into by each Investor and the Company (each, a “Subscription Agreement” and collectively, the “Subscription Agreements”). The Company reserves the right to raise more than $5,000,000 and offer more than 500,000 Units in the Offering in its sole discretion upon written notice to existing Investors. Capitalized terms used but not otherwise defined in this Term Sheet shall have the meaning set forth in the Subscription Agreement.
Type of Security. Senior Notes Principal Amount: $55,000,000 Over-allotment Option: $8,250,000 Trade Date: October 3, 2014 Settlement Date (T+5): October 10, 2014 Final Maturity: October 15, 2021 Interest Rate: 8.25% Price to Investors: 100% / $25.00 per Note Underwriters’ Discount: $1,787,500 Net Proceeds to Issuer (after estimated expenses payable by Issuer): $52,329,000 Interest Payment Dates: January 15, April 15, July 15 and October 15 of each year, commencing on January 15, 2015.