Conditional Exchange
Conditional Exchange. Shall mean the exchange of one Depositary Share for each share of WPFC Series A Preferred Securities following the occurrence of a Supervisory Event.
Found in
Wells Fargo contract
Conditional Exchange. Means if the OCC so directs upon the occurrence of a Conditional Exchange Event, each Trust Security then outstanding shall be automatically exchanged for an equal number of PNC Preferred Stock.
All Definitions
Found in
PNC Financial Services contract