Class I Preferred Stock definition

Class I Preferred Stock. ' shall mean the Class I Junior Preferred Stock, par value $0.01 per share, of the Corporation.
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Class I Preferred Stock. ' means the Class I Junior Preferred Stock, par value $0.01 per share, of the Corporation.
Sample 1Sample 2Sample 3
Class I Preferred Stock means the class of the Corporation's ----------------------- preferred stock which shall be designated Class I, $10.00 par value per share, and shall have the preferences described in Article III hereof.
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Examples of Class I Preferred Stock in a sentence

  • Every record and Beneficial Owner of more than 5% (or such other percentage between 0.5% and 5%, as provided in the applicable regulations adopted under the Code) of the number of Outstanding shares of Class I Preferred Stock shall, within 30 days after January 1 of each year, give written notice to the Corporation stating the name and address of such record or Beneficial Owner, the number of shares of Class I Preferred Stock Beneficially Owned, and a full description of how such shares are held.

  • This class of Preferred Stock shall be designated as Class I Cumulative Preferred Stock, par value $.01 per share (the "Class I Preferred Stock") and Ten Million (10,000,000) shall be the authorized number of shares of such Class I Preferred Stock constituting such class.

  • Each stockholder of record, including without limitation any Person that holds shares of Class I Preferred Stock on behalf of a Beneficial Owner, shall take all reasonable steps to obtain the written notice described in this Section 10(e) from the Beneficial Owner.

  • By written notice to the Trustee, the Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Trust relating to such Prohibited Transferee if (i) the shares of Class I Preferred Stock held in the Trust would not violate the Ownership Restrictions in the hands of such Charitable Beneficiary and (ii) each Charitable Beneficiary is an organization described in Sections 170(b)(1)(A), 170(c)(2) and 501(c)(3) of the Code.

  • From and after the Issue Date certain record and Beneficial Owners and transferees of shares of Class I Preferred Stock will be required to provide certain information as set out below.

  • Notwithstanding any other provision of this Article, the pledge by the Initial Holder of all or any portion of the Class I Preferred Stock directly owned at any time or from time to time shall not constitute a violation of Section 10(a) of this Article and the pledgee shall not be subject to the Ownership Limit with respect to the Class I Preferred Stock so pledged to it either as a result of the pledge or upon foreclosure.

  • When distributing an interim dividend as set forth in Article 47 of the Articles of Incorporation, the Company will pay Class I Preferred Shareholders and Registered Class I Pledge Holders noted or recorded on the final shareholder registry of the record date for the interim dividend money up to a maximum of half the Class I Preferred Dividend per share of Class I Preferred Stock (“Class I Preferred Interim Dividend”) prior to payments to Common Shareholders and Registered Common Stock Pledge Holders.

  • From and after the redemption provided for in this Section 8.1, all rights of the holders of Class I Preferred Stock as such, except the right to receive the redemption price of such shares upon the surrender of certificates therefor, shall cease and terminate and such shares shall not thereafter be deemed to be outstanding for any purpose whatsoever.

  • From and after the redemption provided for in this Section 8.2, all rights of such holder of Class I Preferred Stock as such, except the right to receive the redemption price of such shares upon the surrender of certificates representing the same, shall cease and terminate and such share(s) shall not thereafter be deemed to be outstanding for any purpose whatsoever.

  • The redemption price to be paid in connection with any redemption shall be $0.01 per share of Class I Preferred Stock.


More Definitions of Class I Preferred Stock

Class I Preferred Stock means Class I Senior Redeemable Preferred Stock, par value $0.001 per share, of the Company.
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Related to Class I Preferred Stock

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.