Examples of FELINE PRIDES in a sentence
Conseco shall issue shares of common stock to holders of FELINE PRIDES in accordance with the terms of the PRIDES Documents.
Otherwise, and except as required by the terms of the PRIDES Documents, Conseco shall, and shall cause its Affiliates to, refrain from purchasing or redeeming any FELINE PRIDES, PRIDES Purchase Contracts or PRIDES Preferred Securities, whether in the open market or otherwise.
Each FELINE PRIDES holder has the option to use the preferred securities, treasury securities or cash to satisfy the May 2000 purchase contract commitment.
The preferred securities are pledged as collateral to secure the FELINE PRIDES holders' obligation to purchase MCN common stock under the stock purchase contracts.
Under each stock purchase contract, MCN is obligated to sell, and the FELINE PRIDES holder is obligated to purchase between 1.4132 and 1.7241 shares of MCN common stock in May 2000 for $50.