Excess Common Stock definition

Excess Common Stock means Excess Stock that would, under Section 6.8(e)(1), automatically be exchanged for Common Stock in the event of a transfer of an interest in the Special Trust in which such Excess Stock is held.
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Excess Common Stock means shares of any Common Stock automatically transferred to the Special Trust pursuant to Section 4.5(c), while such Shares are held by the Special Trust.
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Excess Common Stock shall have the meaning set forth in Section 3.2.
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Examples of Excess Common Stock in a sentence

  • Each share of Common Stock is convertible into Excess Common Stock, as provided in Article NINTH hereof.

  • Each share of Class B Common Stock is convertible into Excess Common Stock, as provided in Article NINTH hereof.

  • As of the close of business on March 12, 2021 (the “Capitalization Date”), (i) 177,560,635 shares of Company Common Stock were issued and outstanding, each of which is paired with one share of Hospitality Class B Common Stock, (ii) no shares of Company Preferred Stock were issued and outstanding and (iii) no shares of Company Excess Common Stock or Company Excess Preferred Stock were issued and outstanding.

  • Upon conversion of Common Stock or Preferred Stock into Excess Stock pursuant to this subparagraph (a)(3) of this Article NINTH, Common Stock shall be converted into Excess Common Stock and Preferred Stock shall be converted into Excess Preferred Stock.

  • The Contractor, at the Contractors expense, shall replace all abused or stressed cables.

  • Any dividend or distribution paid prior to discovery by the Corporation that shares of Common Stock or Preferred Stock have been converted into Excess Common Stock or Excess Preferred Stock, as the case may be, shall be repaid to the Corporation upon demand for delivery to the Trustee.

  • Each share of Common Stock shall have one vote, and, except as otherwise provided in respect of any series of Preferred Stock and any series of Preferred Stock hereafter created, and except as otherwise provided with respect to directors elected by the holders of the Class B Common Stock, voting as a separate class, the exclusive voting power for all purposes shall be vested in the holders of the Common Stock, the Class B Common Stock and the Excess Common Stock, voting together as a single class.

  • Any dividend or distribution declared but unpaid shall be rescinded as void ab initio with respect to such shares of Common Stock or Preferred Stock and shall automatically be deemed to have been declared and paid with respect to the shares of Excess Common Stock or Excess Preferred Stock, as the case may be, into which such shares of Common Stock or Preferred Stock shall have been converted.

  • Excess Common Stock shall be entitled to such voting rights as are ascribed to shares of Common Stock from which such shares of Excess Common Stock were converted.

  • Preferred Stock" and together with Excess Common Stock, unless the context otherwise requires, "Excess Stock"), to be issued in accordance with any such conversion provisions upon a violation of such restrictions on ownership and transfer, is simultaneously authorized by filing of a certificate of designations.


More Definitions of Excess Common Stock

Excess Common Stock and "Excess Preferred Stock" means the classes of shares of the General Partner as defined in Subsection 4(A) of Section (c) of ARTICLE SIXTH of the Certificate of Incorporation.
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Excess Common Stock means Common Stock that is designated as Excess Stock.
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Excess Common Stock means the shares of Common Stock in excess of the Ownership Limit.
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Excess Common Stock shall have the meaning ascribed to it in paragraph (h)(1) hereof.
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Related to Excess Common Stock

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Parent Common Stock means the common stock, par value $.001 per share, of Parent.

  • Common Stock means the common stock of the Company.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Excess Stock means Excess Stock as defined in Section 7.4 of the Company's Amended and Restated Articles of Incorporation.

  • Common Shares means the common shares in the capital of the Company;

  • Pubco Common Stock means all classes and series of common stock of Pubco, including the Class A Common Stock and Class B Common Stock.

  • Parent Common Shares means the common shares of the Parent;

  • Voting Common Stock means the Voting Common Stock, par value $.01 per share, of the Company.

  • Fully-Diluted Common Stock means the outstanding Common Stock and the shares of Common Stock issued or issuable upon exercise of Warrants (assuming full exercise).

  • Common Stock Price means, as of a particular date, the average of the Fair Market Value of one share of Common Stock over the fifteen (15) consecutive trading days ending on, and including, such date (or, if such date is not a trading day, the most recent trading day immediately preceding such date); provided, however, that if such date is the date upon which a Transactional Change of Control occurs, the Common Stock Price as of such date shall be equal to the fair value, as determined by the Committee, of the total consideration paid or payable in the transaction resulting in the Transactional Change of Control for one share of Common Stock.

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Merger Sub Common Stock means the shares of common stock, par value $0.001 per share, of Merger Sub.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Common Share Price means the volume weighted average per share trading price of the Common Shares on the TSX for the 10 consecutive Trading Day period ending on the Trading Day immediately before the occurrence of a Trigger Event, or if the Common Shares are not then listed on the TSX, the principal stock exchange on which the Common Shares are then listed or quoted (being the stock exchange with the greatest volume of trading in the Common Shares during the previous six months), or if such shares are not listed or quoted on any stock exchange, or if no such trading prices are available, the Floor Price.

  • Common Share means one share of the common stock of the Company.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Class B Common Shares means shares of Class B Common Stock.

  • Class A Common Stock means the Company's Class A Common Stock, par value $.01 per share.

  • Company Stock means the common stock of the Company.

  • Ordinary Shares shall have the meaning given in the Recitals hereto.

  • Buyer Common Stock means the common stock, $0.01 par value per share, of Buyer.

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.