Common Securities definition

Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

Common Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Capital Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

Common Securities has the meaning specified in the first recital of this Indenture.

Examples of Common Securities in a sentence

• Such allocation of Accumulated Deficit will be made solely on a notional basis for purposes of allocating losses among the Partnership Interests and the LLC Common Securities and, accordingly, will not result in the actual write down of the nominal value of either the Partnership Interests or the LLC Common Securities.

• This instrument will terminate (without relieving the Company of any obligations arising from a prior breach of or non-compliance with this instrument) upon the earlier to occur: (i) the issuance of shares of a CF Shadow Series or of Preferred Securities or Common Securities, as applicable, to the Investor pursuant to Sections 1(a), 1(b) or 6(a) or (ii) the payment, or setting aside for payment, of amounts due to the Investor pursuant to Sections 1(b) or 1(c).

• The Issuer exists solely to issue the Convertible Preferred Securities and its own common securities (the "Common Securities") and invest the proceeds therefrom in the Debentures.

• If there is a Liquidity Event before the termination of this Safe, the Investor will automatically be entitled to receive a portion of the Proceeds immediately prior to, or concurrent with, the consummation of such Liquidity Event, equal to the greater of (i) the Purchase Amount (the “Cash-Out Amount”) or (ii) the amount payable on the number of Common Securities equal to the Purchase Amount divided by the Liquidity Price (the “Conversion Amount”).

• Distributions shall be made on the Preferred Securities and the Common Securities in accordance with the preferences set forth in their respective terms.

More Definitions of Common Securities

Common Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with the Preferred Securities; provided, however, that upon the occurrence of an Event of Default, the rights of holders of Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of Preferred Securities.

Common Securities means the common securities issued by the Issuer to the Guarantor pursuant to the Declaration.

Common Securities has the meaning set forth in paragraph 1(b) of Annex I.

Common Securities has the meaning specified in the Recitals hereto.

Common Securities has the meaning specified in Section 7.1(a).

Common Securities has the meaning specified in the Declaration.

Common Securities means common limited liability company membership units of the Company or common stock of the Company, if the Company is restructured as a corporation, including the securities issuable upon the conversion of this instrument pursuant to Sections 1(a) or 1(b). For purposes of this Crowd SAFE, “common limited liability company membership units” refers to those interests in the Company that, as of the relevant event, would be last to receive a repayment of all capital contributions made in respect to such interests.