Mandatory Convertible Preferred Stock definition

Mandatory Convertible Preferred Stock means the shares of a series of the Corporation’s Preferred Stock designated as its 6.75% Series B Mandatory Convertible Preferred Stock, par value $0.01 per share, having the rights, preferences, privileges and voting powers, including conversion, dividend, liquidation and voting rights, as set forth in the Certificate of Designations.

Mandatory Convertible Preferred Stock means the Company’s 5.00% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share.

Mandatory Convertible Preferred Stock means the shares of a series of the Corporation’s preferred stock designated as its 6.125% Mandatory Convertible Preferred Stock, Series A, par value $1.00 per share, having the rights, preferences, privileges and voting powers, including conversion, redemption, dividend, liquidation and voting rights, as set forth in the Certificate of Amendment.

Examples of Mandatory Convertible Preferred Stock in a sentence

Because each Depositary Share represents a 1/20th fractional interest in a share of Mandatory Convertible Preferred Stock, a holder of Depositary Shares may convert its Depositary Shares upon the occurrence of a fundamental change only in lots of 20 Depositary Shares.
The conversion rate for each share of Mandatory Convertible Preferred Stock will not be more than 60.6060 shares of Common Stock and not less than 49.4740 shares of Common Stock (respectively, the “Maximum Conversion Rate” and “Minimum Conversion Rate”), depending on the applicable market value (as defined in the Depositary Shares Preliminary Prospectus Supplement) of the Common Stock, as described below and subject to certain anti-dilution adjustments.
All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Designations, shall be cancelled by the Depositary.
WR Securities, LLC Depositary Shares Offered: 10,000,000 Depositary Shares, each of which represents a 1/20th interest in a share of the Issuer’s 5.50% Series B Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”).
If the Receipts or the Depositary Shares evidenced thereby or the Mandatory Convertible Preferred Stock represented by such Depositary Shares shall be listed on one or more national securities exchanges, the Depositary shall appoint a registrar (acceptable to the Corporation) for registration of the Receipts or Depositary Shares in accordance with any requirements of such exchange.

More Definitions of Mandatory Convertible Preferred Stock

Mandatory Convertible Preferred Stock means the 2,000,000 shares of 5.750% mandatory convertible preferred stock, liquidation value $250 per share, of the Borrower issued on the Closing Date to fund a portion of the Acquisition Consideration.

Mandatory Convertible Preferred Stock means an equity security mandatorily convertible or exchangeable into Equity Interests of Parent.

Mandatory Convertible Preferred Stock means the series of preferred stock of the Company designated as “Series C Mandatory Convertible Preferred Stock,” par value $0.01 per share, with a liquidation preference of $1,000 per share created pursuant to the Certificate of Designations.

Mandatory Convertible Preferred Stock shall have the meaning set forth in Section 1.

Mandatory Convertible Preferred Stock means mandatory convertible preferred stock of Reorganized HoldCo, which may be issued under the Plan on terms substantially consistent with the term sheet annexed hereto as Exhibit A.

Mandatory Convertible Preferred Stock has the meaning set forth in the recitals.

Mandatory Convertible Preferred Stock is defined in the preamble to this Agreement.

Filter & Search

Related Definitions