Preference Stock definition

Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

Preference Stock as applied to the Capital Stock of any Person, means Capital Stock of any series, class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other series or class of such Person.

Preference Stock means, with respect to any issuer, an Equity Interest in such issuer which under the Constitutional Documents of such issuer is entitled to a preference over any other Equity Interest in such issuer as to payment of dividends and/or distributions upon the voluntary or involuntary liquidation of such issuer.

Examples of Preference Stock in a sentence

• All such shares shall upon their cancellation become authorized but unissued shares of Preference Stock and may be reissued as part of a new series of Preference Stock to be created by resolution or resolutions of the Board of Directors, subject to any conditions and restrictions on issuance set forth herein.

• All such shares shall upon their cancellation become authorized but unissued shares of Preference Stock and may be reissued as part of a new series of Preference Stock subject to the conditions and restrictions on issuance set forth herein, in the Certificate of Incorporation, or in any other Certificate of Designations creating a series of Preference Stock or any similar stock or as otherwise required by law.

• The Sterling Preference Stock shall rank pari passu inter se with the Dollar Preference Stock and with the euro Preference Stock as regards the right to receive dividends and the rights on winding up of, or other return of capital by, the Bank.

• Redemption (1) Unless otherwise determined by the Directors in relation to any particular Dollar Preference Stock prior to allotment thereof, the Dollar Preference Stock shall be redeemable at the option of the Bank.

• The euro Preference Stock shall rank pari passu inter se with the Dollar Preference Stock and with the Sterling Preference Stock as regards the right to receive dividends and the rights on winding up of, or other return of capital by, the Bank.

More Definitions of Preference Stock

Preference Stock means the class of Preference Stock of the Company authorized at the date of this Indenture as originally signed or any other class of stock resulting from successive changes or reclassifications of such stock which may hereafter be outstanding; provided, that if Debt Securities convertible into Preference Stock are outstanding at the time of such successive changes or reclassifications and there shall be more than one such resulting class of stock, the shares of each resulting class then so issuable shall be substantially in the proportion which the total number of shares of such class resulting from such reclassification bears to the total number of shares of all such classes resulting from all such reclassifications.

Preference Stock means, as applied to the Capital Stock of any Person, Capital Stock of any series, class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person or change of control (defined by analogy to the definition of Change of Control herein) of such Person, over shares of Capital Stock of any other series or class of such Person.

Preference Stock means the Non-cumulative, Voting $.56 Convertible Preference Stock of the Corporation.

Preference Stock means shares of Series C Junior Participating Preference Stock, par value $2.50 per share, of the Company, and, to the extent that there are not a sufficient number of shares of Series C Junior Participating Preference Stock authorized to permit the full exercise of the Rights, any other series of preference stock of the Company designated for such purpose containing terms substantially similar to the terms of the Series C Junior Participating Preference Stock.

Preference Stock means the Series B Participating Cumulative Preference Stock of the Company having the rights, powers and preferences set forth in the Certificate of Designation attached as Exhibit B hereto.

Preference Stock means the Series A Junior Participating Preference Stock, $1 par value, of the Company having the rights and preferences set forth in the Form of Certificate of Amendment of Certificate of Incorporation attached to this Agreement as Exhibit A.

Preference Stock means shares of Series B Junior Participating Preference Stock, par value $1.00 per share, of the Company and, to the extent that there are not a sufficient number of shares of Series B Junior Participating Preference Stock authorized to permit the full exercise of the Rights, any other series of preference stock of the Company designated for such purpose containing terms substantially similar to the terms of the Series B Junior Participating Preference Stock.