Preference Stock definition

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

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Preference Stock means, with respect to any issuer, capital stock of such issuer which under the Organizational Documents of such issuer is entitled to a preference over any other capital stock of such issuer as to payment of dividends and/or distributions upon the voluntary or involuntary liquidation of such issuer.

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

Examples of Preference Stock in a sentence

• Dividends paid on the shares of Series A Preference Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding.

• The Board of Directors may fix a record date for the determination of holders of shares of Series A Preference Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof.

• The documents listed in Schedule III to the Underwriting Agreement, taken together, are collectively referred to as the “Pricing Disclosure Package.” In addition, we have examined, and have relied as to matters of fact upon, the documents delivered to you at the closing (except the certificate representing the Preference Stock, of which we have examined a specimen), and we have made such other and further investigations as we deemed necessary to express the opinions hereinafter set forth.

• All such shares shall upon their cancellation become authorized but unissued shares of Preference Stock and may be reissued as part of a new series of Preference Stock subject to the conditions and restrictions on issuance set forth herein, in the Certificate of Incorporation, or in any other Certificate of Designations creating a series of Preference Stock or any similar stock or as otherwise required by law.

• Any shares of Series A Preference Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.

More Definitions of Preference Stock

Preference Stock means the class of Preference Stock of the Company authorized at the date of this Indenture as originally signed or any other class of stock resulting from successive changes or reclassifications of such stock which may hereafter be outstanding; provided, that if Debt Securities convertible into Preference Stock are outstanding at the time of such successive changes or reclassifications and there shall be more than one such resulting class of stock, the shares of each resulting class then so issuable shall be substantially in the proportion which the total number of shares of such class resulting from such reclassification bears to the total number of shares of all such classes resulting from all such reclassifications.

Preference Stock means, as applied to the Capital Stock of any Person, Capital Stock of any series, class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person or change of control (defined by analogy to the definition of Change of Control herein) of such Person, over shares of Capital Stock of any other series or class of such Person.

Preference Stock means the Non-cumulative, Voting $.56 Convertible Preference Stock of the Corporation.

Preference Stock means the Series B Participating Cumulative Preference Stock of the Company having the rights, powers and preferences set forth in the Certificate of Designation attached as Exhibit B hereto.

Preference Stock means shares of Series C Junior Participating Preference Stock, par value $2.50 per share, of the Company, and, to the extent that there are not a sufficient number of shares of Series C Junior Participating Preference Stock authorized to permit the full exercise of the Rights, any other series of preference stock of the Company designated for such purpose containing terms substantially similar to the terms of the Series C Junior Participating Preference Stock.

Preference Stock shall have the meaning set forth in the recitals.

Preference Stock means shares of Series B Junior Participating Preference Stock, par value $1.00 per share, of the Company and, to the extent that there are not a sufficient number of shares of Series B Junior Participating Preference Stock authorized to permit the full exercise of the Rights, any other series of preference stock of the Company designated for such purpose containing terms substantially similar to the terms of the Series B Junior Participating Preference Stock.