Parity Preferred Stock definition

Parity Preferred Stock means any class or series of equity interest of AMB now or hereafter authorized, issued or outstanding expressly designated by AMB to rank on a parity with the Series C Preferred Shares and the Series D Preferred Shares with respect to distributions and rights upon voluntary or involuntary liquidation, winding up or dissolution of AMB.

Parity Preferred Stock means any class or series of capital stock of the Corporation established after the Initial Issue Date, the terms of which expressly provide that such class or series shall rank on a parity with the Convertible Preferred Stock as to the priority of payment of dividends and other distributions and rights upon voluntary or involuntary liquidation, winding-up or dissolution.

Parity Preferred Stock means any class or series of equity interest of AMB now or hereafter authorized, issued or outstanding expressly designated by AMB to rank on a parity with the Series D Preferred Shares, the Series E Preferred Shares, the Series F Preferred Shares, the Series H Preferred Shares and the Series I Preferred Shares with respect to distributions and rights upon voluntary or involuntary liquidation, winding up or dissolution of AMB.

Examples of Parity Preferred Stock in a sentence

• If, upon any liquidation, dissolution or winding up of the Corporation, the assets of the Corporation, or proceeds thereof, distributable among the holders of shares of Parity Preferred Stock shall be insufficient to pay in full the preferential amount aforesaid, then such assets, or the proceeds thereof, shall be distributable among such holders ratably in accordance with the respective amounts which would be payable on such shares if all amounts payable thereon were paid in full.

• Upon any such termination of the right of the holders of shares of Voting Parity Preferred Stock as a class to vote for directors as herein provided, the term of office of each director then in office elected by such holders voting as a class (herein called a “Preferred Director”) shall terminate immediately.

• Any Preferred Director may be removed by, and shall not be removed except by, the vote of the holders of record of the outstanding share of Voting Parity Preferred Stock, voting together as a single class without regard to series, at a meeting of the Corporation's stockholders, or of the holders of shares of Voting Parity Preferred Stock, called for such purpose.

• Such right shall continue until there are no dividends in arrears upon the Voting Parity Preferred Stock of any series, at which time such right shall terminate, subject to revesting in the event of each and every subsequent default of the character above mentioned, and the number of directors constituting the Board of Directors of the Corporation shall be reduced by two.

• For purposes of this Certificate of Designation, the term "Existing Parity Preferred Stock" shall mean the December 2000 Cumulative Convertible Preferred Stock of the Corporation, par value $1.00 per share or the March 2001 Mandatorily Convertible Single Reset Preferred Stock of the Corporation, par value $1.00 per share (the "March 2001 Preferred Stock"), as applicable.

More Definitions of Parity Preferred Stock

Parity Preferred Stock means any class or series of Preferred Stock ranking on a parity with the Series H Preferred Stock as to dividends and as to the distribution of assets upon liquidation, dissolution and winding up of the Corporation, including, without limitation, the Series G Preferred Stock and, if and when issued, Series A Preferred Stock.

Parity Preferred Stock means, collectively, the Series A Preferred Stock, the Series B Cumulative Convertible Preferred Stock, par value $.01 per share, the Corporation's Series C Cumulative Convertible Preferred Stock, par value $.0l per share, the Corporation's Series D Cumulative Convertible Preferred Stock, par value $.0l per share and any other series of preferred stock which is determined to be "Parity Preferred Stock" by the Board of Directors.

Parity Preferred Stock means all classes and series of stock of the Corporation, and all classes and series of capital securities of any trust subsidiary of the Corporation, the terms of which do not expressly provide that such class or series will rank senior or junior to the Series A Stock with respect to the payments of distributions and rights to payment upon Liquidation. Without limiting the foregoing, Parity Preferred Stock shall include the Corporation’s trust preferred capital securities issued by Square 1 Financial Capital Trust I.

Parity Preferred Stock means any class or series of equity securities of the Company, including Capital Stock, the terms of which do not expressly provide that such class or series will rank senior or junior to the Series F-2 Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Company (in each case without regard to whether dividends accrue cumulatively or non-cumulatively).

Parity Preferred Stock means, collectively, the Series A Preferred Stock, the Corporation's Series B Cumulative Convertible Preferred Stock, par value $.01 per share, the Series C Preferred Stock, the Series D Preferred Stock and any other series of preferred stock which is determined to be "Parity Preferred Stock" by the Board of Directors.

Parity Preferred Stock means the series of preferred stock of the Corporation known as Convertible Preferred Stock, par value $.01 per share (the “Parity Convertible Preferred Stock”), the series of preferred stock of the Corporation known as Class C Preferred Stock, par value $.01 per share (the “Class C Preferred Stock”), and the series of preferred stock of the Corporation known as Class E preferred Stock, par value $.01 per share (the “Class E Preferred Stock”), each as issued pursuant to Article Fourth of the Corporation’s Certificate of Incorporation.

Parity Preferred Stock means any class or series of Preferred Shares now or hereafter authorized, issued or outstanding expressly designated by the General Partner to rank on a parity with REIT Series B Preferred Shares with respect to distributions and rights upon voluntary or involuntary liquidation, winding up or dissolution of the General Partner in accordance with the Series B Articles Supplementary.