EQUITY PREFERRED SECURITIES

EQUITY PREFERRED SECURITIES. Means securities issued by the Guarantor (a) that are not subject to mandatory redemption or the underlying securities, if any, of which are not subject to mandatory redemption, (b) that are perpetual or mature no less than 30 years from the date of issuance, (c) the indebtedness issued in connection with which, including any guaranty, is subordinate in right of payment to the unsecured and unsubordinated indebtedness of the issuer of such indebtedness or guaranty, and (d) the terms of which... permit the deferral of payment of interest or distributions thereon to the date occurring after the Commitment Termination Date of July 16, 2004. View More