UST Preferred Stock definition
Examples of UST Preferred Stock in a sentence
Except as provided below, the Designated Preferred Stock may not be redeemed prior to the later of (i) first Dividend Payment Date falling on or after the third anniversary of the Original Issue Date; and (ii) the date on which all outstanding shares of UST Preferred Stock have been redeemed, repurchased or otherwise acquired by the Issuer.
The authorized capital stock of UST consists of 70,000,000 shares of UST Common Stock, of which, as of January 6, 2000, 18,660,600 shares were issued and outstanding, and 4,000,000 shares of Series A Participating Cumulative Preferred Shares, par value $1.00 per share (the "UST Preferred Stock"), of which, as of January 6, 2000, none were issued and outstanding.
Except for the UST Option Agreement and rights ("UST Preferred Rights") to purchase UST Preferred Stock issued pursuant to the Rights Agreement (the "UST Rights Agreement") dated as of September 1, 1995, between UST and First Chicago Trust Company of New York, as Rights Agent, and except as provided below, UST does not have and is not bound by any UST Rights.