TECONS definition

TECONS means the Borrower-obligated mandatorily redeemable preferred securities of Avado Financing I, as in existence on the Closing Date.

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TECONS means those certain $3.50 Term Convertible Securities, Series A, originally issued by Apple South Financing I.

TECONS means those certain Trust Preferred Securities, issued by Nuevo Trust pursuant to the TECON Declaration of Trust in the amount of $115,000,000.

Examples of TECONS in a sentence

Notwithstanding the foregoing, this Preferred Securities Guarantee will continue to be effective or will be reinstated, as the case may be, if at any time any Holder of TECONS must restore payment of any sums paid under the TECONS or under this Preferred Securities Guarantee.
All guarantees and agreements contained in this Preferred Securities Guarantee shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit of the Holders of the TECONS then outstanding.
Within 60 days after May 15 of each year, the Preferred Guarantee Trustee shall provide to the Holders of the TECONS such reports as are required by Section 313 of the Trust Indenture Act if any, in the form and in the manner provided by Section 313 of the Trust Indenture Act.
This Preferred Securities Guarantee is solely for the benefit of the Holders of the TECONS and, subject to Section 3.01(a), is not separately transferable from the TECONS.
The Holders of a Majority in liquidation amount of TECONS may, by vote, on behalf of the Holders of all of the TECONS, waive any past Event of Default and its consequences.

More Definitions of TECONS

TECONS. See the introductory paragraph to this Agreement.

TECONS. SM means up to 2,760,000 $2.6875 Term Convertible Securities of the Special Purpose Trust."

TECONS means Term Convertible Preferred Securities issued by the Company's wholly owned special purpose business trusts.

TECONS is added thereto to read as follows:

TECONS means the $2.875 Term Convertible Securities, Series A, issued under the Declaration of Trust; (v) ”Guarantee” means the Preferred Securities Guarantee Agreement dated as of December 23, 1996, executed and delivered by Target, as Guarantor, and Wilmington Trust Company, as the Preferred Guarantee Trustee; and (vi) the “TECONS Documents” means the Declaration of Trust, the 5.75% Indenture, the Debentures, the TECONS and the Guarantee.

TECONS means (a) those certain $2.50 Term Convertible Securities, Series A TECONS (the "Series A TECONS") issued by CNF Trust I, a Delaware business trust that is wholly-owned by the Borrower, the proceeds of which were used to finance, in part, the acquisition by CNF Trust I of $128,900,000 of the Borrower's 5% convertible subordinated debentures due June 1, 2012 (the "TECON Subordinated Debt"), (b) the TECON Subordinated Debt, (c) any preferred securities (whether convertible or nonconvertible into common stock or other stock of the Borrower) issued by a trust or other similar special purpose entity that is controlled by the Borrower (such securities referred to collectively as "Preferred Trust Securities"), the proceeds of which preferred securities are used to finance the acquisition by such trust or other similar entity of subordinated debt obligations of the Borrower (such subordinated debt obligations are referred to, collectively, as "Preferred Trust Subordinated Debt"), which subordinated debt obligations shall be junior and subordinate to the obligations of the Borrower to the Banks hereunder on terms that shall be substantially the same as the subordination terms applicable to the TECON Subordinated Debt as of July 23, 2003 or on such other terms as may have been approved by the Agent. For the avoidance of doubt, it is the understanding and agreement of the parties hereto that the Series A TECONS, the TECON Subordinated Debt, the Preferred Trust Securities, the Preferred Trust Subordinated Debt and any Guarantee by the Borrower in respect thereof shall not be treated as Debt under this Agreement or any other Financing Document, to the extent such obligation would otherwise constitute Debt hereunder or thereunder.

TECONS means the Lessee-obligated mandatorily redeemable preferred securities of Avado Financing I, as in existence on the Fifth Amendment Date.