Capital Units definition

Capital Units means the outstanding Capital Units of the Corporation and of Morgan Stanley Finance plc. Each Capital Unit consists of a subordinated debenture issued by Morgan Stanley Finance plc and guaranteed by the Corporation on a subordinated basis, and a related purchase contract issued by the Corporation that requires the holder to purchase one depositary share representing ownership of multiple shares of the Corporation’s cumulative preferred stock.

Capital Units means Class A Units and Class B Units.

Capital Units means (i) in the case of a corporation, shares or corporate stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership, partnership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.

Examples of Capital Units in a sentence

• In the event of a Disposition of all or part of the Capital Units of any Member, the Company, in the sole discretion of the Board of Managers, may elect pursuant to Section 754 of the Code (or any successor provisions) to adjust the basis of the assets of the Company.

• Certificates representing Capital Units of the Company shall be in such form as shall be determined by the Board of Managers.

• Members of the Company shall not have a preemptive right to acquire additional, newly created Capital Units of the Company.

• The name and address of the person to whom the certificate has been issued shall be entered on the Capital Units transfer books of the Company.

• Membership shall not be transferred except with the approval and consent of the Board of Managers and in accordance with the Capital Units Transfer System.

More Definitions of Capital Units

Capital Units means all of the Class A Units and Class B Units.

Capital Units means any and all shares, interests, participations, or other equivalents (however designated) of capital units of the Company.

Capital Units means, individually, the Common Units or Preferred Units, and, collectively, the Common Units and the Preferred Units.

Capital Units means the Common Securities or Preferred Securities of the Company.

Capital Units means the Common Securities and/or Preferred Securities of the Company. “CF Shadow Series” shall mean a series of Capital Units that is identical in all respects to the

Capital Units means the Class A Membership Units, the Class B Membership Units and the Class C Membership Units.

Capital Units means the Common Securities and/or Preferred Securities of the Company. “CF Shadow Series” shall mean a series of Capital Units that is identical in all respects to theshares of Capital Units issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Securities in an Equity Financing, the Shadow Series would be Series A-CF Preferred Securities), except that: