Capital Units definition

Capital Units means the outstanding Capital Units of the Corporation and of Morgan Stanley Finance plc. Each Capital Unit consists of a subordinated debenture issued by Morgan Stanley Finance plc and guaranteed by the Corporation on a subordinated basis, and a related purchase contract issued by the Corporation that requires the holder to purchase one depositary share representing ownership of multiple shares of the Corporation’s cumulative preferred stock.

Capital Units means Class A Units and Class B Units.

Capital Units means (i) in the case of a corporation, shares or corporate stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership, partnership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.

Examples of Capital Units in a sentence

• The name and address of the person to whom the certificate has been issued shall be entered on the Capital Units transfer books of the Company.

• In the event of a Disposition of all or part of the Capital Units of any Member, the Company, in the sole discretion of the Board of Managers, may elect pursuant to Section 754 of the Code (or any successor provisions) to adjust the basis of the assets of the Company.

• Certificates representing Capital Units of the Company shall be in such form as shall be determined by the Board of Managers.

• Members of the Company shall not have a preemptive right to acquire additional, newly created Capital Units of the Company.

• All income, gains, losses, deductions and credits for a fiscal year allocable with respect to any Members whose Capital Units may have been transferred, forfeited, reduced or changed during such year should be allocated based upon the varying interests of the Members throughout the year.

More Definitions of Capital Units

Capital Units means all of the Class A Units and Class B Units.

Capital Units means any and all shares, interests, participations, or other equivalents (however designated) of capital units of the Company.

Capital Units means the Common Units or Preferred Securities of the Company.

Capital Units means the capital unit of the Company, including, without limitation, the “Common Unit” and the “Preferred Unit.”

Capital Units means the dollar amount of a Member's aggregate Capital Contributions to the Company, reduced by any return of Capital Contributions to the Member.

Capital Units means, collectively, the Class A-1 Units, Class A-2 Units, Class A-3 Units, Class B-1 Units, Class B-2 Units, Class B-3 Units, and Class B-4 Units.

Capital Units means the Class A Membership Units, the Class B Membership Units and the Class C Membership Units.