CBI Preferred Stock

CBI Preferred Stock. Means senior mandatorily convertible preferred stock of the Borrower (of one or more series), but only so long as such preferred stock (i) for so long as Indebtedness incurred under the Bridge Credit Agreement is outstanding, is issued (at least in part) to repay such Indebtedness, (ii) is mandatorily convertible into Class A common stock of the Borrower, (iii) except as provided in the foregoing clause (ii) or in the anti-dilution adjustments for such... preferred stock, is not convertible (including at the option of any Person) into any debt or equity security of the Borrower or any Subsidiary at any time and (iv) has an aggregate liquidation preference (for all series) not exceeding U.S. $530,000,000 (plus any accrued and unpaid dividends thereon, subject to the terms of Section 7.07). View More