Parity Capital Stock definition

Parity Capital Stock means any and all shares of Capital Stock of the Company ranking on a parity with or equal to the Series B MAPS as to the payment of dividends and distribution of assets.
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Parity Capital Stock has the meaning ascribed thereto in Section 2(b).
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Parity Capital Stock has the meaning set forth in Section 9 hereof.
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Examples of Parity Capital Stock in a sentence

  • If upon any voluntary or involuntary liquidation, dissolution or winding up of the Company, the assets of the Company are insufficient to pay the holders of the Series H MAPS the full amount of the preferential liquidation distributions to which they are entitled, holders of the Series H MAPS will share ratably in any such distribution of such assets with holders of Parity Capital Stock.

  • If upon any voluntary or involuntary liquidation, dissolution or winding up of the Company, the assets of the Company are insufficient to pay the holders of the Series A MAPS the full amount of the preferential liquidation distributions to which they are entitled, holders of the Series A MAPS will share ratably in any such distribution of such assets with holders of Parity Capital Stock.

  • If upon any voluntary or involuntary liquidation, dissolution or winding up of the Company, the assets of the Company are insufficient to pay the holders of the Series G MAPS the full amount of the preferential liquidation distributions to which they are entitled, holders of the Series G MAPS will share ratably in any such distribution of such assets with holders of Parity Capital Stock.

  • If, upon any liquidation, dissolution or winding up of the Corporation, the amounts payable pursuant to this Section 3 with respect to the Series 1 Preferred Stock and the Parity Capital Stock are not paid in full, the holders of the Series 1 Preferred Stock and the Parity Capital Stock will share equally and ratably in any distribution of assets of the Corporation in proportion to the full liquidation preference and all accumulated and unpaid dividends to which each such holder is entitled.

  • Not less than 10 days prior to the payment date stated therein, the Company shall mail written notice of any such liquidation, dissolution or winding up to each record holder of Convertible Preferred Stock, setting forth in reasonable detail the amount of proceeds to be paid with respect to each share of Convertible Preferred Stock, each share of Parity Capital Stock and each share of Junior Capital Stock in connection with such liquidation, dissolution or winding up.

  • Not less than 10 days prior to the payment date stated therein, the Company shall mail written notice of any such liquidation, dissolution or winding up to each record holder of A Preferred Stock, setting forth in reasonable detail the amount of proceeds to be paid with respect to each share of A Preferred Stock, each share of Parity Capital Stock and each share of Junior Capital Stock in connection with such liquidation, dissolution or winding up.

  • Not less than 10 days prior to the payment date stated therein, the Company shall mail written notice of any such liquidation, dissolution or winding up to each record holder of AA Preferred Stock, setting forth in reasonable detail the amount of proceeds to be paid with respect to each share of AA Preferred Stock, each share of Parity Capital Stock and each share of Junior Capital Stock in connection with such liquidation, dissolution or winding up.

  • No full dividends may be declared or paid or funds set apart for the payment of dividends on any Parity Capital Stock for any period unless full cumulative dividends shall have been or contemporaneously are declared and paid (or are deemed declared and paid) in full or declared and, if payable in cash, a sum in cash sufficient for such payment is set apart for such payment on the Convertible Preferred Stock.

  • At any time thereafter when additional funds of the Company are legally available for the redemption of shares of A Preferred Stock and such Parity Capital Stock, such funds shall immediately be used to redeem the balance of the shares which the Company has become obligated to redeem on the Redemption Date or the Change in Control Redemption Date, as applicable, but which it has not redeemed.

  • At any time thereafter when additional funds of the Company are legally available for the redemption of shares of AA Preferred Stock and such Parity Capital Stock, such funds shall immediately be used to redeem the balance of the shares which the Company has become obligated to redeem on the Redemption Date or the Change in Control Redemption Date, as applicable, but which it has not redeemed.

Related to Parity Capital Stock

  • Company Capital Stock means the Company Common Stock and the Company Preferred Stock.

  • Voting Capital Stock means with respect to any Person, securities of any class or classes of Capital Stock in such Person ordinarily entitling the holders thereof (whether at all times or at the times that such class of Capital Stock has voting power by reason of the happening of any contingency) to vote in the election of members of the board of directors or comparable governing body of such Person.

  • Parent Capital Stock means Parent Common Stock and Parent Preferred Stock.

  • Retired Capital Stock shall have the meaning provided in Section 10.5(b)(2).

  • Treasury Capital Stock has the meaning assigned to such term in Section 6.04(a)(viii).

  • Redeemable Capital Stock means any Capital Stock of the Company or any of its Subsidiaries that, either by its terms, by the terms of any security into which it is convertible or exchangeable or otherwise, (a) is or upon the happening of an event or passage of time would be required to be redeemed on or prior to the final stated maturity of the securities or (b) is redeemable at the option of the holder thereof at any time prior to such final stated maturity or (c) is convertible into or exchangeable for debt securities at any time on or prior to such final stated maturity.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Qualified Capital Stock means any Capital Stock that is not Disqualified Capital Stock.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Capital Stock of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

  • Excluded Capital Stock means:

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • Designated Preferred Stock means Preferred Stock of the Issuer or any direct or indirect parent of the Issuer (other than Disqualified Stock), that is issued for cash (other than to the Issuer or any of its Subsidiaries or an employee stock ownership plan or trust established by the Issuer or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officer’s Certificate, on the issuance date thereof.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.

  • Voting Preferred Stock means, with regard to any matter as to which the holders of Series T are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series T) that rank equally with Series T either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Senior Stock means any class or series of stock of the Company now existing or hereafter authorized which has preference or priority over the Series AA Preferred Stock as to the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.