Preferred Cap definition
Preferred Cap has the meaning specified in clause (g) of the definition of Alternative Payment Mechanism.
Preferred Cap has the meaning specified in the definition of Alternative Payment Mechanism.
Preferred Cap has the meaning given to such term in the definition of RCC Alternative Payment Mechanism.
More Definitions of Preferred Cap
Preferred Cap has the meaning specified in clause (g) of the definition of Alternative Payment Mechanism. “Prospectus Supplement” has the meaning specified in Recital C. “Qualifying Capital Securities” means securities or combinations of securities (other than securities covered by paragraphs (i) and (ii) of Section 2) that, in the determination of the Corporation reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria: (i) in connection with any repayment, redemption or purchase of Securities prior to June 1, 2017 (or June 1, 2027 if the Corporation extends the Final Repayment Date to June 1, 2077): (A) securities issued by the Corporation or its Subsidiaries that (1) rank pari passu with or junior to the Debentures upon the liquidation, dissolution or winding up of the Corporation, (2) have no maturity or a maturity of at least 60 years and (3) either: (x)
Preferred Cap has the meaning specified in the definition of Alternative Payment Mechanism. "Purchase Restriction" has the meaning specified in the definition of Alternative Payment Mechanism. "Qualifying Capital Securities" means securities (other than Common Stock, Rights to acquire Common Stock, Mandatorily Convertible Preferred Stock and Debt Exchangeable for Equity) that rank pari passu with or junior to the Most Junior Subordinated Debt of the issuer upon its liquidation, dissolution or winding up and, in the determination of the Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:
Preferred Cap means in the case of APM Qualifying Securities that are Qualifying Non-Cumulative Perpetual Preferred Stock or Mandatorily Convertible Preferred Stock, an amount from the issuance thereof equal to 25% of the liquidation or principal amount of the Notes.