Preferred Capital Stock definition

Preferred Capital Stock as applied to the Capital Stock of any Person, means Capital Stock of such Person of any class or classes (however designated) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to shares of Capital Stock of any other class of such Person.

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Preferred Capital Stock means any Capital Stock with preferential rights of payment of dividends or upon liquidation, dissolution or winding up.

Preferred Capital Stock means (1) with respect to the Company, Capital Stock of any class or classes (however designated) which is pari passu with, or 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 the Company or otherwise) over, the Preferred Units and (2) with respect to any other Person, Capital Stock of any 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 or otherwise of such Person, over Capital Stock of any other class in such Person.

Examples of Preferred Capital Stock in a sentence

HSVI's Preferred Capital Stock, when issued and delivered hereunder, shall contain a one year restriction on alienation, transfer or sale by the receiving ICI shareholders.
The shares of such series shall be designated as “Series A Junior Participating Preferred Capital Stock “ (the “Series A Preferred Shares”), and the number of shares constituting such series shall be two million five hundred thousand (2,500,000).
Preferred Capital Stock -- means any preferred capital stock or any convertible preferred capital stock, which is subordinated to the Loan Obligations on terms satisfactory to the Administrative Agent and issued on terms satisfactory to Administrative Agent.
Each Initial Purchaser hereby agrees, subject, however, to the terms and conditions of this Agreement (including Article III), to purchase from the Company, and the Company hereby agrees to sell to each such Initial Purchaser, at the Closing the number of shares of Series A Preferred Capital Stock (collectively, the "Preferred Stock") set forth opposite such Initial Purchaser’s name on Schedule I for the aggregate purchase price also set forth opposite such Initial Purchaser’s name on such Schedule I.
Each certificate representing shares of HSVI's Preferred Capital Stock will bear a customary restrictive legend which states in effect that such shares may not be transferred, assigned, sold or hypothecated for one year, unless in the opinion of the successor entity's counsel, an exemption from the restriction is available for such transaction.

More Definitions of Preferred Capital Stock

Preferred Capital Stock means any and all preferred partnership units, preferred interests and preferred stock of the Company and its Subsidiaries now or hereinafter existing.

Preferred Capital Stock means any Capital Stock with preferential rights of payment of dividends or upon liquidation, dissolution or winding up. “Prepayment Asset Sale” means any Disposition by Holdings or its Restricted Subsidiaries made pursuant to Section 6.05(h) and Section 6.05(z). “Primary Obligor” has the meaning assigned to such term in the definition of “Guarantee”. “Pro Forma Basis” or “pro forma effect” means, with respect to any determination of the Total Net Leverage Ratio, the First Lien Net Leverage Ratio, Consolidated Adjusted EBITDA, Consolidated Net Income or Consolidated Total Assets (including component definitions thereof), that each Subject Transaction shall be deemed to have occurred as of the first day of the applicable Test Period (or, in the case of Consolidated Total Assets (or with respect to any determination pertaining to the balance sheet, including the acquisition of Cash and Cash Equivalents in connection with an acquisition of a Person, business line, unit, division or Product Line), as of the last day of such Test Period) with respect to any test or covenant for which such calculation is being made and that: (a)

Preferred Capital Stock means any preferred capital stock or any convertible preferred capital stock, which is subordinated to the Loan Obligations on terms satisfactory to the Administrative Agent and issued on terms satisfactory to Administrative Agent. PRIME INCREMENT -- is defined in Section 4.8.

Preferred Capital Stock means: any class or any series of any class of the capital stock of the Company: (i) which shall be entitled, upon any distribution of any assets of the Company, whether by dividend or by liquidation or by redemption, to any preference ranking prior or superior to the Common Stock; or (ii) which shall be entitled, upon any redemption of any shares of such capital stock, whether at the option of the Company, at the option of the holders thereof, or upon the happening of any specified events, to any preference in redemption payments ranking prior or superior to the Common Stock; or (iii) the holders of which shall be or may become entitled, at any time or upon the happening of any specified events or conditions, to more than one vote for each share of such capital stock held by such holders; or (iv) which shall be convertible into, or exchangeable for, whether at the option of the Company, at the option of the holders thereof, or upon the happening of any specified events or conditions, any shares of Preferred Capital Stock of any class or series.

Preferred Capital Stock means, as applied to the Capital Stock of any Person, Capital Stock of such Person (other than common Capital Stock of such Person) of any class or classes (however designed) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any

Preferred Capital Stock means any Capital Stock with preferential rights of payment of dividends or upon liquidation, dissolution or winding up. “Primary Obligor” has the meaning assigned to such term in the definition of “Guarantee”. “Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). “Pro Forma Basis” or “pro forma effect” means, with respect to any determination of the Total Leverage Ratio, the First Lien Leverage Ratio, the Secured Leverage Ratio, the Interest Coverage Ratio, Consolidated Adjusted EBITDA, Consolidated Net Income or Consolidated Total Assets (including component definitions thereof), that each Subject Transaction shall be deemed to have occurred as of the first day of the applicable Test Period (or, in the case of Consolidated Total Assets (or with respect to any determination pertaining to the balance sheet, including the acquisition of Cash and Cash Equivalents in connection with an acquisition of a Person, business line, unit, division or Product Line), as of the last day of such Test Period) with respect to any test or covenant for which such calculation is being made and that: (a)