Debt Exchangeable for Equity means a security (or combination of securities) that:
Debt Exchangeable for Equity means a security or combination of securities (together in this definition, “such securities”) that:
Debt Exchangeable for Equity means a security or combination of securities (together in this definition, “securities”) that:
More Definitions of Debt Exchangeable for Equity
Debt Exchangeable for Equity means Common Equity Units or Debt Exchangeable for Preferred Equity.
Debt Exchangeable for Equity means Debt Exchangeable for Common Equity or Debt Exchangeable for Preferred Equity.
Debt Exchangeable for Equity means a security (or combination of securities) that (i) gives the holder a beneficial interest in (a) the most junior subordinated debt of the Corporation (or debt that is pari passu with the most junior subordinated debt of the Corporation), interest on which may be deferred for five years or more and, commencing with the date two years after the beginning of an interest deferral period, will be paid pursuant to an Alternative Payment Mechanism, and (b) a fractional interest in a stock purchase contract, (ii) includes a remarketing feature pursuant to which the subordinated debt of the Corporation is remarketed to new investors within five years from the date of issuance of the security or earlier in the event of an early settlement event based on (a) the capital ratios of the Corporation, (b) the capital ratios of the Corporation as anticipated by the Federal Reserve Board, or (c) the dissolution of the issuer of such Debt Exchangeable for Equity, (iii) provides for the proceeds raised in the remarketing to be used to purchase common stock or Qualifying Non-Cumulative Preferred Stock of the Corporation, (iv) includes an Explicit Replacement Covenant, provided that such Explicit Replacement Covenant will not include Debt Exchangeable for Equity in the definition of “replacement capital securities,” and (v) after the issuance of such common stock or Qualifying Non-Cumulative Preferred Stock, provides the holder of the security with a beneficial interest in such common stock or Qualifying Non-Cumulative Preferred Stock.
Debt Exchangeable for Equity has the meaning assigned to such term in the Replacement Capital Covenant.
Debt Exchangeable for Equity means a security (or combination of securities) that (a) gives the holder a beneficial interest in (i) our debt securities that are “non-cumulative” and that are our most junior subordinated debt (or rank pari passu with our most junior subordinated debt) and (ii) a fractional interest in a stock purchase contract, (b) includes a remarketing feature pursuant to which our subordinated debt is remarketed to new investors within 5 years from the date of issuance of the security or earlier in the event of an early settlement event based on (i) our capital ratios, (ii) our capital ratios as anticipated by the Federal Reserve, or (iii) the dissolution of the issuer of such debt exchangeable into equity, (c) provides for the proceeds raised in the remarketing to be used to purchase qualifying non-cumulative preferred stock, (d) includes a replacement capital covenant substantially similar to the replacement capital covenant applicable to the subordinated debentures, provided that such replacement capital covenant will apply to such security (or combination of securities) and to the qualifying non-cumulative preferred stock and will not include debt exchangeable into equity in the definition of “qualifying capital securities”, and (e) after the issuance of such qualifying non-cumulative preferred stock, provides the holder of the security with a beneficial interest in such qualifying non-cumulative preferred stock.
Debt Exchangeable for Equity means a security (or combination of securities) that (i) gives the holder a beneficial interest in (a) debt securities of Morgan Stanley that are non-cumulative and that are the most junior subordinated debt of Morgan Stanley (or rank pari passu with the most junior subordinated debt of Morgan Stanley) and (b) a fractional interest in a stock purchase contract, (ii) includes a remarketing feature pursuant to which the subordinated debt of Morgan Stanley is remarketed to new investors commencing within five years from the date of issuance of the security or earlier in the event of an early settlement event based on one or more financial tests set forth in the terms of such securities or related transaction agreements, (iii) provides for the proceeds raised in the remarketing to be used to purchase
Debt Exchangeable for Equity means “debt exchangeable for common equity” or “debt exchangeable for preferred equity” (each as defined below).