Excess Stock definition

Excess Stock means Excess Stock as defined in Section 7.4 of the Company's Amended and Restated Articles of Incorporation.

Excess Stock means any Class A Stock or Class B Stock owned by a Member that the Member is not required to hold either as a condition of retaining its membership in its FHLBank or as a condition of obtaining advances or transacting other business with its FHLBank.

Excess Stock means shares of Common Stock and shares of Preferred Stock that have been automatically converted to Excess Stock pursuant to the provisions of Item (iii) of this Subsection (d) of this Section 2 of this Article III, and which are subject to the provisions of Subsection (e) of this Section 2 of this Article III.

Examples of Excess Stock in a sentence

• Shares of Excess Stock so held in trust shall be issued and outstanding stock of the Corporation.

• The Trustee, as record holder of the shares of Excess Stock, shall be entitled to receive all dividends and distributions and shall hold all such dividends or distributions in trust for the benefit of the Beneficiary.

• The Trustee, as record holder of the Excess Stock, shall be entitled to vote all shares of Excess Stock.

• Such conversion into Excess Stock and transfer to a Trust shall be effective as of the close of trading on the Trading Day prior to the date of the purported Transfer or Non-Transfer Event, as the case may be, even though the certificates representing the shares of Equity Stock so converted may be submitted to the Corporation at a later date.

• Any conversion of shares of Equity Stock into shares of Excess Stock and transfer to a Trust shall be effective as of the close of trading on the Trading Day prior to the date of the purported Transfer or Non-Transfer Event that results in the conversion.

More Definitions of Excess Stock

Excess Stock means any shares of Capital Stock held by a member (or its successor) in excess of the member's Stock Requirement.

Excess Stock has the meaning set forth in Section 3.5(a).

Excess Stock means those shares of Series S Preferred Stock Constructively Owned by a Person in excess of the Ownership Limit.

Excess Stock of a Member or Former Member means the amount of Capital Stock held by the Member or Former Member that exceeds the amount of Capital Stock that the Member or Former Member is required to own in accordance with the provisions of the Capital Plan.

Excess Stock means the Stock held by a Holder that is in excess of that Holder's current Total Stock Purchase Requirement.

Excess Stock shall have the meaning set forth in Article VI of the Articles of Incorporation.

Excess Stock means Excess Common Stock or Excess Preferred Stock.