QUICS definition
Examples of QUICS in a sentence
The omission by the Company to pay interest on the QUICS during a Deferral Period as permitted by Section 2.1 hereof shall not constitute an Event of Default under Section 5.1 of the Original Indenture.
The QUICS shall be issuable only in fully registered form and, as permitted by Sections 2.7 and 8.1 of the Original Indenture, in denominations of $25 and integral multiples thereof.
For purposes of the Original Indenture, the QUICS shall constitute a single series of Securities, shall be subordinated as provided in the Indenture, and shall be unsecured.
The financial statements included or incorporated by reference as a part of the Registration Statement and the Prospectus present fairly the consolidated financial position of the Company and its subsidiaries as of the dates indicated and the results of their operations, changes in stockholders’ equity and cash flows for the periods specified.
On the Interest Payment Date at the end of the Deferral Period, the Company shall pay all interest then accrued and unpaid, which shall be compounded quarterly at the rate of interest on the QUICS (except to the extent payment of such interest is prohibited by law) to the date of payment, to the persons in whose names the QUICS are registered on the Record Date for such Deferral Period.
During any Deferral Period, the Company may continue to extend the interest payment period by extending the Deferral Period, on one or more occasions, by notice given as aforesaid in this paragraph (b), provided that such Deferral Period, as extended, must end on an Interest Payment Date and in no event shall the aggregate Deferral Period, as extended, exceed 20 consecutive quarterly interest payment periods or extend beyond _______________, 2025 or any date on which QUICS are fixed for redemption.
The Seller will cause notice of redemption of the QUICS to be sent to the holders thereof on the Closing Date, and will use Commercially Reasonable Efforts in order to cause the QUICS to be redeemed as soon as reasonably practicable following the Closing Date.
The aggregate principal amount of QUICS that may be issued under this First Supplemental Indenture is limited to $100,000,000.
The QUICS will initially be issued under a book-entry system, registered in the name of The Depository Trust Company, as depositary ("DTC"), or its nominee, which is hereby designated as "Depository" under the Original Indenture.
This First Supplemental Indenture hereby establishes a series of Securities under the Original Indenture which shall be known as the Company's ___% Quarterly Income Capital Securities (Subordinated Interest Deferrable Debentures, Due 2025) (referred to herein as the "QUICS").