PECs

PECs. Means the preferred equity certificates, par value €1.25 per certificate, issued by the Company, and, if applicable, any additional series of preferred equity certificates duly authorized and issued by the Company from time to time.

PECs. 100% of the preferred equity certificates, being 329,771.69 (three hundred twenty-nine thousand seven hundred seventy-one point six nine) Tranche A preferred equity certificates issued by the Company and 3,553,252.35 (three million five hundred fifty-three thousand two hundred fifty-two point three five) Tranche B preferred equity certificates issued by the Company, or other Tranche A or Tranche B PECs to be issued in the future which the Pledgor may subscribe to, acquire or be granted at any... time in the future, governed by the terms and conditions of PECs View More