Preferred Equity Stock definition

Preferred Equity Stock means outstanding Shares that are either Preferred Stock or Excess Preferred Stock. Preferred Equity Stock of any particular class shall mean Preferred Stock of that class and Excess Preferred Stock that would, under Section 6.8(e)(1), automatically be exchanged for Preferred Stock of that class in the event of a transfer of an interest in the Special Trust in which such Excess Preferred Stock is held.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Preferred Equity Stock means shares of stock that are either Class N Preferred Stock or Class N Excess Preferred Stock.

Preferred Equity Stock means shares of stock that are either Class E Preferred Stock or Class E Excess Preferred Stock.

Examples of Preferred Equity Stock in a sentence

• The term "Preferred Equity Stock" shall mean shares of stock that are either Class E Preferred Stock or Class E Excess Preferred Stock.

• The term "Preferred Equity Stock" shall mean shares of all classes of preferred stock of the Corporation, including Series C Preferred, Series C Excess Preferred, Series D Preferred and Series D Excess Preferred.

• The term "Purported Record Transferee" shall mean, with respect to any purported Transfer which results in Series D Excess Preferred Stock, the record holder of the Preferred Equity Stock if such Transfer had been valid under Section 8(a) below.

• The term "Preferred Equity Stock" shall mean shares of stock that are either Class D Preferred Stock or Class D Excess Preferred Stock.

• The term "Ownership Limit" shall mean not more than 9.8% of the outstanding shares of Preferred Equity Stock.

More Definitions of Preferred Equity Stock

Preferred Equity Stock means shares of all classes of preferred stock of the Corporation, including Series C Preferred, Series C Excess Preferred, Series D Preferred and Series D Excess Preferred.

Preferred Equity Stock means shares of stock that are either Class N Preferred Stock or Class N Excess Preferred Stock. (JJJ) “Preferred Stock” means the preferred stock, $1.00 par value per share, of the Corporation.