PECs definition
PECs means preferred equity certificates or any other instrument issued by any Foreign Subsidiary that is treated as equity for U.S. federal income tax purposes but is treated as indebtedness under the laws of the jurisdiction of organization of such Foreign Subsidiary.
PECs means preferred equity certificates to be issued by Luxco in an amount and upon terms that are similar to the terms of the Second Lien Notes and the Subordinated Notes but without guarantees or Liens being granted by any Person.
PECs means the E Bridge preferred equity certificates, the J Bridge preferred equity certificates, E preferred equity certificates and J preferred equity certificates constituted by the PEC Instruments and issued by the Company and references to “E Bridge PECs”, “J Bridge PECs”, “E PECs” and “J PECs” shall be construed accordingly;
More Definitions of PECs
PECs means the series 1 preferred equity certificates duly authorized and issued by the Company from time to time.
PECs means preferred equity certificates issued by ED Midco in an aggregate nominal amount equal to the principal amount of the Triton Debt which is acquired in return thereof, for the avoidance of doubt, which in all respect is subordinated to the obligations of the Issuer or the Guarantor under these Terms and Conditions.
PECs shall have the meaning attributed to it in the Luxco 1 Shareholders Agreement or the Luxco 2 Shareholders Agreement, as appropriate;
PECs means the three million nine hundred and fifty-one thousand six hundred and seven (3,951,607) preferred equity certificates with a nominal value of ten pounds (£10) each issued to the Seller by the Company on 6 September 2006, which were cancelled pursuant to the Cancellation and Assignment Agreement;
PECs means the preferred equity certificates, par value €1.25 per certificate, issued by the Company, and, if applicable, any additional series of preferred equity certificates duly authorized and issued by the Company from time to time.
PECs means Public Electronic Communications Service
PECs means those 107,533,765 preferred equity certificates, having a par value of $35.00 each, issued by Luxco on December 6, 2005.