Examples of Redeemable Securities in a sentence
Redeemable Securities issued by the Company may have attached thereto the features of Shares, including rights to vote and/or the right to participate in profits.
Other Mandatorily Redeemable Securities: On December 14, 1995, Western Resources Capital I, a wholly-owned trust, issued four million preferred securities of 7-7/8% Cumulative Quarterly Income Preferred Securities, Series A, for $100 million.
Only those Redeemable Securities would be considered to be as ‘Short-term’ whose maturity period does not exceed one year.
Redeemable Securities may be redeemed otherwise than through the operation of the Sinking Fund provided for in Article Twelve at the election of the Company at the times, on the conditions and at the Redemption Prices specified therein, in (or pursuant to) the Authorizing Resolution relating thereto and in the supplemental indenture (if any) executed in connection with the issuance of such Securities, any Redemption Price to be accompanied by accrued interest to the Redemption Date.
ApplicabilityAs per the provision of clause 5.5B.1 of the CDC Regulations, the functionality is applicable on Redeemable Securities / Instruments including but not limited to redeemable preference shares or any other redeemable equity instruments, bonds, debentures, term finance certificates, participation term certificates, musharika certificates, sukuk certificates, commercial papers & Government Securities.