Examples of Variable Coupon Redeemable Preferred Stock in a sentence
Additional Preferred shall be Parity Securities; provided, however, that there shall be no issue of other Senior Securities, Parity Securities or options, warrants or rights exercisable for or convertible into any such securities, except as approved by Holders of the Variable Coupon Redeemable Preferred Stock, Series A pursuant to paragraph (8)(e).
Variable Coupon Redeemable Preferred Stock, Series A: On or as soon as practicable after the Effective Date, in full satisfaction, settlement, release and discharge of its interests represented thereby, the holder of NTL’s Variable Coupon Redeemable Preferred Stock, Series A (the “Variable Coupon Preferred Stock”) will receive its 79.447% share of the 27% Noos interest.
The Variable Coupon Redeemable Preferred Stock, Series A shall be subject to the creation of Junior Securities, Parity Securities and Senior Securities as set forth herein.
Any shares of Variable Coupon Redeemable Preferred Stock, Series A redeemed or otherwise acquired by the Corporation shall be retired and shall resume the status of authorized and unissued shares of Preferred Stock, without designation as to series, until such shares are once more designated as part of a particular series of Preferred Stock by the Board of Directors.
No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on the Variable Coupon Redeemable Preferred Stock, Series A and Additional Preferred, that may be in arrears except as otherwise provided herein.
Whenever the Corporation shall have fulfilled its Mandatory Redemption Obligation and all Bankruptcy Events shall have been cured (the "Trigger Event Cure"), then the right of the Holders of shares of Variable Coupon Redeemable Preferred Stock, Series A to vote as described in this paragraph (8)(b) shall cease, but subject always to the same provisions for the vesting of such voting rights if any Trigger Event occurs.
Each such dividend shall be payable to the holders of record of shares of the Variable Coupon Redeemable Preferred Stock, Series A, and Additional Preferred, as they appear on the stock register of the Corporation at the close of business on the record date for such dividend.
Except as otherwise required by applicable law or as set forth herein, the shares of Variable Coupon Redeemable Preferred Stock, Series A shall not have any relative, participating, optional or other special voting rights and powers and the consent of the Holders thereof shall not be required for the taking of any corporate action.