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

  • If the restrictions on Transfer are violated, the shares of Common Stock represented hereby will be automatically exchanged for shares of Excess Common Stock which will be held in trust by the Corporation.

  • Excess Common Stock shall not be entitled to any dividends or periodic distributions.

  • The holders of shares of Excess Common Stock shall not be entitled to vote on any matters (except as required by the MGCL).

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

  • FOURTH: (a) The total number of shares of stock of all classes which the Corporation has authority to issue is 500,000,000 shares of capital stock, of which 300,000,000 shares are classified as Common Stock, par value $0.0001 per share (“Common Stock”), 75,000,000 shares are classified as Preferred Stock, par value $0.0001 per share (“Preferred Stock”), and 125,000,000 shares are classified as Excess Common Stock, par value $0.0001 per share (“Excess Common Stock”).

  • The full sentence reads: ‘yassa kho pana Ambaññha mayi kaïkhā vā vimati vā, so maü pañhena, ahaü veyyākaraõena sobhissāmī-ti‘.

  • If the Corporation elects to redeem Excess Common Stock pursuant to the redemption right set forth in the preceding sentence, such Excess Common Stock shall be redeemed in such proportion and in accordance with such procedures as shares of Series C Preferred Stock are being redeemed.

  • At the date hereof, the authorized stock of Parent consists of (i) 1,000,000,000 shares of Parent Common Stock, (ii) 200,000,000 shares of preferred stock, par value $0.01 per share (the "Parent Preferred Stock"), (iii) 50,000,000 shares of excess common stock, par value $0.01 per share ("Parent Excess Common Stock"), and (iv) 100,000,000 shares of excess preferred stock, par value $0.01 per share ("Parent Excess Preferred Stock").

  • A Manager shall not be liable to the Company, the Series or the Members for any act or omission performed or omitted by them in good faith pursuant to the authority granted to them by this Agreement as a Manager or Tax Matters Partner (as defined in the Code) unless such act or omission constitutes fraud, deceit, gross negligence, willful misconduct or a wrongful taking by such Manager.

  • Shares of Common Stock shall automatically and without further action convert into shares of Excess Common Stock, and shares of Excess Common Stock shall automatically and without further action convert into shares of Common Stock, at the times and in the manner provided in Section 7.5 hereof.


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 shall have the meaning ascribed to it in paragraph (h)(1) hereof.
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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 means Common Stock that is designated as Excess Stock.
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Related to Excess Common Stock

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

  • 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.

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

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

  • Common Stock means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

  • 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 Corporation;

  • 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 beneficial interest, $0.01 par value per share, of Parent.

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

  • Fully-Diluted Common Stock means, at any time, the then outstanding Common Stock of the Company plus (without duplication) all shares of Common Stock issuable, whether at such time or upon the passage of time or the occurrence of future events, upon the exercise, conversion or exchange of all then outstanding Common Stock Equivalents.

  • Common Stock Price means, with respect to the Company and each of the Peer Companies, as of a particular date, the average of the Fair Market Value over the 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 of a share of common stock 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 common stock, par value $0.01 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 the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

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

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

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