Perpetual Preferred Stock definition

Perpetual Preferred Stock means any stock of any class of the Company which has a preference over Common Stock in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company and which is not mandatorily redeemable or repayable, or redeemable or repayable at the option of the Holder, otherwise than in shares of Common Stock or Perpetual Preferred Stock of another class or series or with the proceeds of the sale of Common Stock or Perpetual Preferred Stock.

Perpetual Preferred Stock means a preferred stock that does not have a maturity date, that cannot be re- deemed at the option of the holder, and that has no other provisions that will require future redemption of the issue. It includes those issues of preferred stock that automatically convert into common stock at a stated date. It ex- cludes those issues, the rate on which increases, or can increase, in such a manner that would effectively require the issuer to redeem the issue.

Perpetual Preferred Stock means preferred stock that does not have a stated maturity date and cannot be redeemed at the option of the holder.

Examples of Perpetual Preferred Stock in a sentence

• There is hereby created out of the authorized and unissued shares of preferred stock of the Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series A” (the “Designated Preferred Stock”).

• There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]” (the “Designated Preferred Stock”).

• There is hereby created out of the authorized and unissued shares of preferred stock of the Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series B” (the “Designated Preferred Stock”).

• There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series B” (the “Designated Preferred Stock”).

• There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series A” (the “Designated Preferred Stock”).

More Definitions of Perpetual Preferred Stock

Perpetual Preferred Stock means, with respect to any Person, any preferred Capital Stock of such Person that is not subject to mandatory redemption and is not Voting Stock.

Perpetual Preferred Stock means preferred stock that does not have a stated maturity date and cannot be re- deemed at the option of the holder.(f) Requirements and restrictions: Lim- ited life preferred stock, mandatory con- vertible debt, and other subordinated debt—(1) Requirements. Issues of limited life preferred stock and subordinated notes and debentures (except manda- tory convertible debt) shall have origi- nal weighted average maturities of at least five years to be included in the definition of surplus. In addition, a sub- ordinated note or debenture must also:

Perpetual Preferred Stock means any stock of any class of the Guarantor which has a preference over Common Stock in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Guarantor and which is not mandatorily redeemable or repayable, or redeemable or repayable at the option of the Holder, otherwise than in shares of Common Stock or Perpetual Preferred Stock of another class or series or with the proceeds of the sale of Common Stock or Perpetual Preferred Stock.

Perpetual Preferred Stock means preferred stock issued from time to time by the Company or an affiliated special purpose entity which preferred stock is not redeemable at the option of the holder thereof.

Perpetual Preferred Stock means preferred stock issued from time to time by the Parent which preferred stock is not redeemable at the option of the holder thereof.

Perpetual Preferred Stock means the Senior Perpetual Preferred Stock of the Borrower.

Perpetual Preferred Stock means the Cumulative Perpetual Preferred Stock, Series A of the Company.