Designated Preferred Convertible Stock

Designated Preferred Convertible Stock. Any series of the Parent Guarantor's cumulative perpetual convertible preferred Equity Interests which (a) have liquidation preference to common Equity Interests of the Parent Guarantor, (b) are convertible at the option of the holder or the Parent Guarantor into shares of common Equity Interests of the Parent Guarantor, (c) are not Disqualified Capital Stock, (d) have a stated dividend rate not to exceed 7% per annum and (e) have terms reasonably acceptable to the Administrative Agent;... provided that the aggregate liquidation preference of all Designated Preferred Convertible Stock outstanding shall not exceed $345,000,000.00 at any time View More