CRESTS definition

CRESTS. 350,000 CRESTS Units issued by Hercules Trust II and due 2029.
Sample 1Sample 2
CRESTS has the meaning specified in the Recitals.
Sample 1
CRESTS means the $175 million of convertible redeemable equity structure trust securities issued by Lodgian Capital Trust I in June, 1998.
Sample 1

Examples of CRESTS in a sentence

  • The Initial New Common Stock to be distributed to holders of General Unsecured Claims against Lodgian Debtors (Class 3), Senior Subordinated Notes (Class 4), CRESTS (Class 7) and Old Lodgian Common Stock (Class 8), and the Warrant Shares issuable upon exercise of the Warrants to be distributed to holders of CRESTS (Class 7) and Old Lodgian Common Stock (Class 8), are subject to dilution by future share issuances.

  • Two programs at the University of Pittsburgh are involved in Project CRESTS, the Vision Studies Program, offered at the master’s level which takes three years to complete and the Rehabilitation Counseling Program, offered at the master’s level which takes two years to complete.

  • The following table shows the percentage equity ownership of Reorganized Lodgian held by the holders of General Unsecured Claims against Lodgian Debtors (Class 3), Senior Subordinated Notes (Class 4), CRESTS (Class 7) and Old Lodgian Common Stock (Class 8): - on the Effective Date; - after issuance of the A Warrant Shares; - after issuance of the B Warrant Shares; and - after issuance of the maximum number of New Incentive Shares.

  • Scholars will participate in an intensive on-ramp training along with a preliminary field experience, two or three years of coursework, two field experiences, and eight enrichment webinars as a part of Project CRESTS.

  • In turn, CREST mother unit will later endorsed proposals from mini CRESTS to the national agencies.

  • Assuming such exchange is treated as a "recapitalization," in general, the holder of a CRESTS Junior Subordinated Debentures Claim will not recognize loss upon such exchange, but will recognize gain, if any, to the extent of any consideration received other than the New Common Stock and Warrants (such as proceeds from insurance).

  • The Group is not required to provide subsequent services to former or current employees. Long-term employee benefitsThe Group’s net obligation in respect of long-term service benefits is the amount of future benefits that employees have earned in return for services rendered by them in the current period and previous periods.

  • CRESTS (Class 7) 1,258,815 83.33% Old Lodgian Common Stock (Class 8) 251,823 16.67% --------- ------ Total 1,510,638 100.00% The A Warrants initially provide for the purchase of up to 1,510,638 shares of New Common Stock at an exercise price of $18.29 per share, subject to adjustment.

  • On the Commencement Date, the liquidation amount plus accumulated distributions on the CRESTS was approximately $197,218,000 and an equal amount was due in respect of the CRESTS Junior Subordinated Debentures.

  • The Plan provides for distributions of Plan Securities to holders of General Unsecured Claims against Lodgian Debtors (Class 3), Senior Subordinated Notes (Class 4), CRESTS (Class 7) and Old Lodgian Common Stock (Class 8).


More Definitions of CRESTS

CRESTS. The 7% Convertible Redeemable Equity Structured Trust Securities of the Trust.
Sample 1
CRESTS means those certain 7% Convertible Junior Subordinated Debentures due 2010 (the "Subordinated Debentures") in the amount of $175,000,000.00 issued by Servico in June, 1998, together with the Convertible Redeemable Equity Structured Trust Securities issued by Lodgian Capital Trust I on June 17, 1998, which evidence an ownership interest in the Subordinated Debentures.
Sample 1
CRESTS means the 7% Convertible Redeemable Equity Structured Trust Securities of Lodgian Capital Trust.
Sample 1
CRESTS has the meaning specified in Section 7.01.
Sample 1

Related to CRESTS

  • Cyberbullying means any form of communication by electronic act that is sent with the purpose to:

  • CREST means the system for the paperless settlement of trades and the holding of uncertificated securities operated by EUI in accordance with the Uncertificated Regulations, as amended from time to time.

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • PAH means Poly-cyclic aromatic hydrocarbon, and comprises Anthanthrene, Benzo[a]anthracene, Benzo[b]fluoranthene, Benzo[k]fluoranthene, Benzo[b]naph(2,1-d)thiophene, Benzo[c]phenanthrene, Benzo[ghi]perylene, Benzo[a]pyrene, Cholanthrene, Chrysene, Cyclopenta[c,d]pyrene,

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Greenfield means land not developed beyond agricultural, range, or forestry use.

  • Entities means event and competition organisers/promoters/managers, land and track owners/managers/administrators/lessees, CAMS affiliated clubs, state and territory governments and insured listed in CAMS’ public/product/professional indemnity insurance policies and each of their related bodies corporate (including their related bodies corporate) and each of their organs and agencies, officers/president/directors/executives, employees, servants, agents, partners, providers, members, competitors, drivers, co-drivers, navigators, officials, crew members, pit crew, delegates, licence holders, representatives, commissions, committees, advisers, trustees, councils, panels, shareholders, volunteers, officials, appointees, delegated bodies and sponsors.

  • Freshwater means all waters not defined as saltwater

  • Virginia Stormwater Management Act means Article 2.3 (§ 62.1-44.15:24 et seq.) of Chapter 3.1 of Title 62.1 of the Code of Virginia.

  • Facilities means any and all real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Public facilities means amenities that are—

  • CFD means a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon which responsibilities are imposed and to which authority is granted in the declaration.

  • Summit means the Summit of the Heads of State or Government of SADC established by Article 9 of this Treaty;

  • Sponsor Entities means (i) CSL Capital Management, LLC, Ranger Energy Holdings, LLC and Torrent Energy Holdings, LLC and (ii) any of their respective Affiliates and any investment fund or other Person advised or managed by any Sponsor Entity; provided, however, that neither the Company nor any of its subsidiaries shall be considered Sponsor Entities hereunder.

  • Alliance means the Public Service Alliance of Canada;

  • Electric generating unit means an individual electric generator and its associated plant and apparatus whose electrical output is capable of being separately identified and metered. Emergency Condition shall mean a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the CAISO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the CAISO Controlled Grid or the electric systems of others to which the CAISO Controlled Grid is directly connected; (3) that, in the case of the Participating TO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Participating TO’s Transmission System, Participating TO’s Interconnection Facilities, Distribution System, or the electric systems of others to which the Participating TO’s electric system is directly connected; or

  • Operating Companies means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.

  • foreshore , in relation to a port, means the area between the high-water mark and the low-water mark relating to that port;

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities. Generation Interconnection Customer:

  • FOG means fats, oils, and grease.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.