Equity Security Units definition

Equity Security Units means the collective rights and obligations of a Holder of an Equity Security Units Certificate in respect of a Note, the Treasury Consideration or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, subject in each case to the Pledge thereof, and the related Purchase Contract.
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Equity Security Units means the 8.25% Equity Security
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Equity Security Units means the 8.25% Equity Security --------------------- Units of the Company comprised of (A) a purchase contract under which (i) the holder of the unit agrees to purchase from the Company and the Company agrees to sell to the holder, for $50.00 in cash, a certain number of shares of Common Stock pursuant to the Purchase Contract Agreement and (ii) the Subordinated Notes Issuer will pay such holder contract adjustment payments and (B) either beneficial ownership of (i) a Preferred Security or Subordinated Note, or in certain circumstances following the occurrence of a Tax Event, the appropriate Applicable Ownership Interest of the Treasury Portfolio or (ii) following the Remarketing of the Preferred Securities pursuant to the Purchase Contract Agreement and the Remarketing Agreement, the appropriate Treasury Consideration (as defined in the Purchase Contract Agreement).
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Examples of Equity Security Units in a sentence

  • The Company hereby agrees, if applicable, to solicit Holders of Equity Security Units to timely instruct the Agent in order to enable the Agent to vote such Pledged Notes.

  • Upon the written request of the Holders of Equity Security Units on such record date, the Agent shall endeavor insofar as practicable to vote or cause to be voted, in accordance with the instructions set forth in such requests, the maximum number of Pledged Notes as to which any particular voting instructions are received.

  • In the absence of specific instructions from the Holder of an Equity Security Unit, the Agent shall abstain from voting the Pledged Note underlying such Equity Security Units.

  • The Collateral Agent, for the benefit of the Company, shall thereupon apply such Treasury Consideration, in accordance with the Pledge Agreement, to secure such Holders' obligations under the Purchase Contracts related to Equity Security Units.

  • The Exchangeable Securities IPO will be a primary offering of % Equity Security Units (the “Exchangeable Securities”) by Lazard Ltd and FinanceCo. The net proceeds of the Exchangeable Securities IPO (including from the exercise of any Exchangeable Securities Over-allotment Option) will be used by FinanceCo to purchase the Lazard Group Exchangeable Debt Securities.

  • Whenever a notice or other communication to the Holders is required to be given under this Agreement, the Company or the Company's agent shall give such notices and communications to the Holders and, with respect to any Equity Security Units or Stripped Units registered in the name of a Clearing Agency or the nominee of a Clearing Agency, the Company or the Company's agent shall, except as set forth herein, have no obligations to the Beneficial Owners.

  • Equity Security Units shall be responsible for any fees or expenses payable to the Collateral Agent for its services as Collateral Agent in respect of the substitution, and the Company shall not be responsible for any such fees or expenses.

  • The Exchangeable Securities IPO will be a primary offering of 6.625% Equity Security Units (the “Exchangeable Securities”) by Lazard Ltd and FinanceCo. The net proceeds of the Exchangeable Securities IPO (including from the exercise of any Exchangeable Securities Over-allotment Option) will be used by FinanceCo to purchase the Lazard Group Exchangeable Debt Securities.

  • The Company shall at all times prior to the Stock Purchase Date reserve and keep available, free from preemptive rights, out of its authorized but unissued Common Stock the full number of shares of Common Stock issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Equity Security Units and Stripped Units evidenced by outstanding Certificates.

  • Whenever a notice or other communication to the Holders is required to be given under this Agreement, the Company or the Company's agent shall give such notices and communications to the Holders and, with respect to any Equity Security Units or Stripped Equity Security Units registered in the name of a Clearing Agency or the nominee of a Clearing Agency, the Company or the Company's agent shall, except as set forth herein, have no obligations to the Beneficial Owners.


More Definitions of Equity Security Units

Equity Security Units means those certain units consisting of (a) equity security interests issued pursuant to that certain Purchase Contract Agreement dated as of May 28, 2002 between Toys “R” Us, Inc. and The Bank of New York, as purchase contract agent and (b) senior notes due 2007 issued pursuant to that certain Indenture, as amended as of May 28, 2002, between Toys “R” Us, Inc. and The Bank of New York, as trustee.
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Equity Security Units the equity security units with a stated amount of $25 consisting of (a) a contract pursuant to which the holder agrees to purchase, for $25, shares of Class A common stock of Lazard Ltd on May 15, 2008 and (b) a 1/40, or 2.5%, ownership interest in a senior note of Lazard Group Finance LLC, with a principal amount of $1,000.
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Equity Security Units means the units issued by Platinum Holdings granting the holder thereof a contract right to purchase common shares of Platinum Holdings in 2005 and an ownership interest in a 6.371% Senior Guaranteed Note due 2007 issued by Platinum Finance and guaranteed by Platinum Holdings and any other equity security units issued by Platinum Holdings or any of its Subsidiaries granting holders thereof similar economic rights.
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Related to Equity Security Units

  • Equity Security means any stock or similar security, including, without limitation, securities containing equity features and securities containing profit participation features, or any security convertible into or exchangeable for, with or without consideration, any stock or similar security, or any security carrying any warrant, right or option to subscribe to or purchase any shares of capital stock, or any such warrant or right.

  • Equity Securities means (i) any Common Stock, Preferred Stock or other security of the Company, (ii) any security convertible into or exercisable or exchangeable for, with or without consideration, any Common Stock, Preferred Stock or other security (including any option to purchase such a convertible security), (iii) any security carrying any warrant or right to subscribe to or purchase any Common Stock, Preferred Stock or other security or (iv) any such warrant or right.

  • Security, Securities shall have the meaning set forth in Section 2(1) of the Securities Act;

  • Capital Stock of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, but excluding any debt securities convertible into such equity.

  • Hybrid Equity Securities means securities issued by Borrower or any subsidiary that (a) are classified as possessing a minimum of (i) “intermediate equity content” by S&P and (ii) “Basket C equity credit” by Moody’s and (b) do not contain any scheduled principal payments or prepayments or any mandatory redemptions or mandatory repurchases prior to the date that is at least 91 days after the latest applicable Maturity Date.