Preference Stock definition

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

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.

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.

Examples of Preference Stock in a sentence

• As of the date of this Report, Xxxxxx had 2,627 shares of Preference Stock outstanding.

• The rights of holders of the Common Stock to receive dividends or other payments with respect thereto are subject to the prior and superior rights of holders of Xxxxxx'x Preferred Stock and Preference Stock, then outstanding.

• SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT‌ The following table indicates the number of shares of Common Stock or $2 Preference Stock owned beneficially as of December 10, 1996, by (i) each person known to Xxxxxx to beneficially own more than 5% of the outstanding shares of either Common Stock or $2 Preference Stock, (ii) each director, (iii) the Named Officers and (iv) all directors and executive officers as a group.

• An aggregate of 29,551,334 shares of the Company's voting stock were outstanding and entitled to vote at the 1996 Annual Meeting as follows: 29,548,707 shares of Common Stock and 2,627 shares of $2 Noncumulative Convertible Preference Stock (which vote together as a single class).

• If a Preferred Securities Substitution occurs it is the current intention of the General Partner to arrange for an alternative method for investors to hold their Substituted Preference Stock.

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

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

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

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

Preference Stock means the Series A 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 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.