Unit Securities definition

Unit Securities means investment units comprised of (a) mandatorily redeemable preferred securities (i) issued by one or more Delaware business trusts formed by Conseco and (ii) guaranteed by Conseco, including specifically, "MIPS," QuIPS," "TOPrS" and "TruPS," and (b) equity forward contracts for the purchase of common stock of Conseco (which forward contracts shall have a settlement date that is earlier than the stated maturity of such preferred securities) collateralized by such preferred securities or government securities in lieu thereof (including, without limitation, principal and interest strips thereof).

Unit Securities means the Units, Unit Shares, Warrants and Warrant Shares;

Unit Securities means the Common Stock and Warrants to be comprised in the Units.

Examples of Unit Securities in a sentence

• The Corporation has full corporate power and authority to issue the Special Warrants, Compensation Options, Unit Securities and Warrant Shares.

• All corporate action required to be taken by the Corporation for the authorization, issuance, sale and delivery of the Unit Securities, Compensation Options, Warrant Shares and Compensation Option Shares has been validly taken at the date hereof or will have been taken by the Closing Date.

• Upon the exercise or deemed exercise of the Special Warrants in accordance with their terms, the Unit Securities will be validly issued (with respect to the Unit Shares, as fully paid and non-assessable Common Shares).

• The Unit Securities and Compensation Options, when issued (in the case of the Unit Securities, upon receipt by the Corporation of the full consideration therefor), will have been duly and validly issued (in the case of the Unit Shares, as fully paid and non-assessable).

• To the extent such Liability is satisfied in Parent Units (or Parent Unit Securities constituting a Parent Unit), such Parent Units shall be valued at the Parent Closing Unit Price.

More Definitions of Unit Securities

Unit Securities means the (i) Pari Passu Notes, (ii) Subordinated Notes, (iii) Lafitte Notes, (iv) Preferred Units, (v) Debt Warrant, and (vi) Preferred Warrant, each as described in the September Subscription Agreement, purchased by the Holders pursuant to the September Subscription Agreement.

Unit Securities means collectively, the Unit Common Shares and the Unit Warrants, underlying the Offered Units;

Unit Securities means the Shares, Prefunded Warrants and Common Warrants to be sold hereunder.

Unit Securities. The collective reference to the Units, Warrants, Preferred Securities (including the Guarantee) and Debentures.

Unit Securities shall have the meaning ascribed to it above;

Unit Securities means the Unit Shares and the Purchase Warrants, including for greater certainty any Penalty Securities;

Unit Securities has the meaning set forth in Section 4.21.