Equity Unit Transaction definition
Equity Unit Transaction means an offering of units by the Company consisting of a debt security issued by the Company and a purchase contract or similar agreement with the Company providing for the issuance of the capital stock of the Company in which the holder of such purchase contract is obligated to purchase the capital stock of the Company on a forward basis and the obligation to pay the purchase price for such capital stock is secured by the proceeds derived from a remarketing of the debt security and is backstopped by the right to put the debt security to the Company for the purchase price, or any similar offering of units or similar transaction designed to secure equity credit from a Rating Agency.
Equity Unit Transaction means an offering of units by the Company consisting of a debt or preferred equity security issued by the Company and a purchase contract or similar agreement with the Company providing for the issuance of the capital stock of the Company in which the holder of such purchase contract is obligated to purchase the capital stock of the Company on a forward basis and the obligation to pay the purchase price for such capital stock is secured by the proceeds derived from a remarketing of the debt or preferred equity security and is backstopped by the right to put such security to the Company for the purchase price, or any similar offering of units or similar transaction designed to secure equity credit from a Rating Agency.
Equity Unit Transaction means an offering of units by the Company consisting of a debt security issued by the Company and a purchase contract or similar agreement with the Company providing for the issuance of the capital stock of the Company in which the holder of such purchase contract is obligated to purchase the capital stock of the Company on a forward basis and the obligation to pay the purchase price for such capital stock is secured by the proceeds derived from a remarketing of the debt security and is backstopped by
More Definitions of Equity Unit Transaction
Equity Unit Transaction means an offering of units by the Company consisting of a debt security issued by the Company and a purchase contract or