MAS Stock definition

MAS Stock the common stock, par value U.S.$.005 per share, of MAS, and any stock into which such common stock shall have been changed, any stock resulting from any reclassification of such common stock, any other shares of stock issued or issuable with respect thereto (whether by way of a stock dividend or stock split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, recapitalization, merger, consolidation or other corporate reorganization), and all other stock of any class or classes (however designated) of MAS (or its successors) the holders of which have the right, without limitation as to amount, either to all or to a share of the balance of current dividends or liquidating dividends after the payment of dividends and distributions on any shares entitled to preference.
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MAS Stock shall have the meaning set forth in Recital B to this --------- Agreement.
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Examples of MAS Stock in a sentence

  • After delivery of the Final Payment Notice, ADS shall have the right to direct the Trustee with respect to the voting of all MAS Stock then in the Trust Estate.

  • Such action may include the sale of some or all of the MAS Stock held in the Trust Estate in private transactions or on a national stock exchange or quotation system, utilizing the registration rights available pursuant to the Registration Rights Agreement where necessary.

  • The valuation of the Additional MAS Stock shall be set by the AD Board of Directors.

  • Except as otherwise specified in this Section, prior to such time as the MAS Stock has been sold or otherwise released by the Trust, the Trustee shall exercise the right to vote such MAS Stock as instructed in writing by the Advisory Board in accordance with the terms hereof.

  • Upon payment by MAS of the balance of the Stock Purchase Price, AD shall promptly deliver the balance of the MAS Stock to MAS.

  • Pursuant to specific instruction from ADS, or as otherwise provided in Article V hereof, the Trustee shall timely honor all requests for exchange of any principal amount of any Debenture into shares of MAS Stock and for the exercise of any Warrant into shares of MAS Stock.

  • AD, in its sole and absolute discretion, may request MAS to contribute up to an additional Five Hundred Thousand Dollars ($500,000) of ongoing services in accordance with the terms of this Service Agreement (the "Additional Services") in exchange for additional common stock in AD (the "Additional MAS Stock").

  • For clarity, the same 15,000,000 shares of MAS Stock constituting the Trust Estate shall serve concurrently as the shares issuable to a Purchaser on exchange of a Debenture, issuable to a Purchaser as payment of interest on or principal of a Debenture, shares issuable to a Purchaser on exercise of a Warrant, and as collateral under the Pledge Agreement in the case of an Event of Default under a Debenture or the Pledge Agreement.

  • The Trustee acknowledges its continuing record ownership and possession of the 15,000,000 shares of MAS Stock, which shall constitute the initial trust estate (including all income on and proceeds of such initial trust estate, the "Trust Estate").

  • In effecting such sale(s) of MAS Stock, the Trustee is authorized as pledgeholder under the Pledge Agreement to release a sufficient number of shares of MAS Stock to facilitate such sale and will endeavor not to sell shares of MAS Stock in a manner which would disrupt an orderly market or is reasonably likely to have an adverse impact on the market price of MAS Stock and will use commercially reasonable efforts to maximize the per share value realized for such MAS Stock.

Related to MAS Stock

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

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

  • 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.

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

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • Equity Stock means all classes or series of capital stock of the Company authorized under the Charter, including, without limit, its common stock, $.001 par value per share, and preferred stock, $.001 par value per share.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Excluded Stock and Stock Equivalents means (i) any Stock or Stock Equivalents with respect to which, in the reasonable judgment of the Collateral Agent (confirmed in writing by notice to the Borrower), the cost or other consequences (including any adverse tax consequences) of pledging such Stock or Stock Equivalents in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (ii) solely in the case of any pledge of Stock and Stock Equivalents of any Foreign Subsidiary or any Domestic Subsidiary substantially all of the assets of which consist of Stock or Stock Equivalents of Foreign Subsidiaries to secure the Obligations, any Stock or Stock Equivalents of any class of such Foreign Subsidiary or such Domestic Subsidiary in excess of 65% of the outstanding Stock or Stock Equivalents of such class (such percentage to be adjusted upon any Change in Law as may be required to avoid adverse U.S. federal income tax consequences to the Borrower or any Subsidiary), (iii) any Stock or Stock Equivalents to the extent the pledge thereof would violate any applicable Requirement of Law, (iv) in the case of (A) any Stock or Stock Equivalents of any Subsidiary to the extent such Stock or Stock Equivalents are subject to a Lien permitted by Section 10.2(h) or (B) any Stock or Stock Equivalents of any Subsidiary that is not wholly-owned by the Borrower and its Subsidiaries at the time such Subsidiary becomes a Subsidiary, any Stock or Stock Equivalents of each such Subsidiary described in clause (A) or (B) to the extent (1) that a pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law), (2) any Contractual Requirement prohibits such a pledge without the consent of any other party; provided that this clause (2) shall not apply if (x) such other party is a Credit Party or wholly-owned Subsidiary or (y) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the Borrower or any Subsidiary to obtain any such consent) and for so long as such Contractual Requirement or replacement or renewal thereof is in effect, or (3) a pledge thereof to secure the Obligations would give any other party (other than a Credit Party or wholly-owned Subsidiary) to any contract, agreement, instrument or indenture governing such Stock or Stock Equivalents the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (v) any Stock or Stock Equivalents of any Subsidiary to the extent that (A) the pledge of such Stock or Stock Equivalents would result in adverse tax consequences to the Borrower or any Subsidiary as reasonably determined by the Borrower and (B) such Stock or Stock Equivalents have been identified in writing to the Collateral Agent by an Authorized Officer of the Borrower.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • A Ordinary Shares means the ‘A’ ordinary shares of £1.00 each in the capital of the Company;

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

  • Fully Diluted Shares means, at any time of determination, the number of shares of common stock of the applicable entity outstanding at such time, plus the number of shares of issuable upon exercise or conversion or otherwise pursuant to any in-the-money common stock equivalents of such entity outstanding at such time.

  • Common Stock Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

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

  • Series A Stock means the Company’s Series A Preferred Stock, par value $0.01 per share.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);