Trust Stock definition

Trust Stock means the shares of beneficial interest of the Trust.

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Trust Stock means the Trust Originated Preferred Securities issued by the Trust.

Trust Stock means shares of stock in the trust that was a predecessor entity of Predecessor; it being understood that the shares of Trust Stock were exchanged for limited liability company interests and that such limited liability company interests converted into shares of Predecessor Common Stock, and that the shares of Predecessor Common Stock converted into Common Units pursuant to the Merger. Other terms defined herein shall have the meanings assigned to them herein, and capitalized terms used herein without definition shall have the meanings ascribed thereto in the Management Services Agreement.

Examples of Trust Stock in a sentence

• In addition, the Trustee shall exercise all voting rights in respect of the Trust Stock in favor of any proposal or action necessary or desirable to dispose of Trust Stock in accordance with Paragraph 8 hereof.

• All Shares at any time delivered to the Trustee hereunder are hereinafter called the “Trust Stock.” The Trustee shall present to the Company all certificates representing Trust Stock for surrender and cancellation of such certificates and for the issuance and delivery to the Trustee of new certificates registered in the name of the Trustee or its nominee.

• The Manager acquired from the Company the number of shares of Trust Stock having an aggregate purchase price of $50 million, concurrently with the initial public offering of the Trust Stock (including the LLC Interests issued upon the Exchange, the “Initial Investment”) and at a per share purchase price equal to the per share initial public offering price.

• Parent, Holdco and the Trustee agree that the deposit of the Trust Stock with the Trustee pursuant to this Section 2 shall not result in a change in the beneficial ownership of the Shares and shall not result in a sale, disposition, lease or exchange with the Trustee of the Trust Stock.

• Pending the termination of this Trust as hereinafter provided, the Trustee shall, immediately following the receipt of each cash dividend or cash distribution as may be declared and paid upon the Trust Stock, pay the same over to or as directed the registered holder(s) of Trust Certificates hereunder as then known to the Trustee.

More Definitions of Trust Stock

Trust Stock means the shares of beneficial interest of the Trust; provided that, in the event that all outstanding shares of beneficial interest of the Trust are exchanged for LLC Interests in accordance with the terms of the LLC Agreement, all references herein to "Trust Stock" or "shares of Trust Stock" shall automatically be deemed to refer to LLC Interests upon such exchange.

Trust Stock means a share representing an undivided beneficial interest in the Trust. Each such interest corresponds to one underlying LLC Interest.

Trust Stock means the shares of beneficial interest of the Trust. “USD” means the lawful currency of the United States of America.

Trust Stock means the maximum number of shares of Class A Common Stock deliverable by the Parent Group pursuant to the securities sold by the Trust in the Trust Offering." ; and (vi) to amend clause (iii) of Section 2.2(a) of the Stockholder Agreement to delete the reference to "clause (ii)" and replace it with "clauses (ii) and (iii)."

Trust Stock has the meaning assigned to such term in the recitals.

Trust Stock means the certificates of beneficial interest issued by the Trust and outstanding at the relevant time of determination.

Trust Stock means the separate class of New Stock that shall be designated as Class A pursuant to New Clothestime's certificate of incorporation and that shall be issued and distributed to the Creditor Trust pursuant to Section IV.E.3.a.