Examples of Qualified Preferred Stock in a sentence
For purposes of this section, preferred stock that is not NQPS is re- ferred to as Qualified Preferred Stock (QPS).
The other addbacks you should include on this line include the following:• Addback for Qualified Preferred Stock – Add back or subtract an amount equal to the amount claimed as a deduction for a loss from the sale or exchange ofpreferred stock that was treated as an ordinary loss under Section 301 of the Emergency Economic Stabilization Act of 2008 in the current taxable year or in an earlier taxable year.
Qualified Preferred Stock shall mean any Preferred Interest of the related Real Estate Entity in respect of which no dividends thereon (other than dividends payable solely in kind) shall be required to be paid at any time or to the extent that such payment would be prohibited by the terms of any credit agreement, and that it is not redeemable prior to the tenth anniversary of the effective date under such credit agreement under any circumstance.
Holdings will pay all Dividends on its Qualified Preferred Stock (other than Class C Convertible Preferred Stock) solely through the issuance of additional shares of such Qualified Preferred Stock (but not in cash); provided that in lieu of issuing additional units of such Qualified Preferred Stock as Dividends, Holdings may increase the liquidation preference of the units of the Qualified Preferred Stock in respect of which Dividends have accrued.
Payments and Modifications of Certain Debt Instruments and Qualified Preferred Stock).