Preferred Stock Ownership Limit definition

Preferred Stock Ownership Limit means 9.8% of the outstanding shares of a particular series of Preferred Stock of the Corporation, subject to adjustment pursuant to Section 7.10 hereof.
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Preferred Stock Ownership Limit means not more than 9.8% (in value or in number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of any class or series of Preferred Stock, or such other percentage determined by the Board of Directors in accordance with Section 10.2.8.
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Preferred Stock Ownership Limit means not more than 9.8 percent (in value or in number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of the Series A Preferred Stock of the Corporation.
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Examples of Preferred Stock Ownership Limit in a sentence

  • No Excepted Holder Limit shall be reduced to a percentage that is less than the Aggregate Stock Ownership Limit, the Preferred Stock Ownership Limit and/or the Common Stock Ownership Limit, as the case may be.

  • No increase to the Common Stock Ownership Limit or Preferred Stock Ownership Limit may be approved if the new Common Stock Ownership Limit and/or Preferred Stock Ownership Limit would allow five or fewer Persons to Beneficially Own, in the aggregate more than 49.9% in value of the outstanding Capital Stock.

  • The issuance of the Securities will not cause any person to violate the Common Stock Ownership Limit or the Preferred Stock Ownership Limit provisions of the Charter.

  • No Excepted Holder Limit shall be reduced to a percentage that is less than the Applicable Amount, the Preferred Stock Ownership Limit and/or the Common Stock Ownership Limit, as the case may be.

  • Subject to Section 7.2.1(a)(ii) and this Section 7.2.8, the Board of Directors may from time to time increase or decrease the Common Stock Ownership Limit, the Preferred Stock Ownership Limit or the Aggregate Stock Ownership Limit for one or more Persons and increase or decrease the Common Stock Ownership Limit, the Preferred Stock Ownership Limit or the Aggregate Stock Ownership Limit for all other Persons.

  • No Excepted Holder Limit shall be reduced to a percentage that is less than the Aggregate Stock Ownership Limit, the Common Stock Ownership Limit and/or the Preferred Stock Ownership Limit, as the case may be.

  • Subject to Section 7.2.1(a)(ii), upon receipt of such representations and agreements as the Board of Directors may require, the Board of Directors, may exempt (prospectively or retroactively) a Person from the Aggregate Stock Ownership Limit, the Common Stock Ownership Limit and/or the Preferred Stock Ownership Limit, as the case may be, and may establish or increase an Excepted Holder Limit for such Person.

  • Each such Beneficial or Constructive Owner promptly shall provide to the Company such additional information as the Company, in its sole discretion, may request in order to determine the effect, if any, of such Beneficial or Constructive Ownership on the Company's status as a REIT and to ensure compliance with the Common or Preferred Stock Ownership Limit and other restrictions set forth herein.

  • Ownership Limit means the Common Stock Ownership Limit or the Preferred Stock Ownership Limit, or both, as the context may require.

  • The Preferred Stock Ownership Limit may be based on either the number of shares of Common Stock or the value of such stock, whichever is more restrictive.


More Definitions of Preferred Stock Ownership Limit

Preferred Stock Ownership Limit means, with respect to the Preferred Stock, 9.8% of the outstanding Stock of a particular series of Preferred Stock of the Company, subject to adjustment pursuant to Section 9.10 (but not more than 9.8% of any outstanding series of Preferred Stock, as so adjusted) and to any other limitations contained in this Article 9. The Preferred Stock Ownership Limit may be based on either the number of shares of Common Stock or the value of such stock, whichever is more restrictive. Purported Beneficial Holder means, with respect to any purported Transfer or Acquisition or other event or transaction which results in Stock-in-Trust, the Person for whom the applicable Purported Record Holder held the shares of Stock that were, pursuant to this Article 9, automatically transferred to the Trust upon the occurrence of such event or transaction. The Purported Beneficial Holder and the Purported Record Holder may be the same Person.
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Preferred Stock Ownership Limit means 1.0 percent of the outstanding shares of a particular series of Preferred Stock of the Corporation, subject to adjustment pursuant to paragraph (J) of this Section 5.4 (but not more than 2.0 percent of the outstanding shares of Preferred Stock, as so adjusted) and to the limitations contained in paragraph (K) of this Section 5.4.
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Preferred Stock Ownership Limit means 8.0% either in number of shares or value of the outstanding shares of Preferred Stock of the Corporation.
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Preferred Stock Ownership Limit means 9.8% of the number of the Outstanding shares of 1994 Senior Preferred Stock of the Corporation.
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Preferred Stock Ownership Limit means, with respect to the Preferred Stock, nine point eight percent (9.8%) of the outstanding Shares of a particular series of Preferred Stock of the Corporation, subject to adjustment pursuant to Section 10 (but not more than nine point nine percent (9.9%) of the outstanding Preferred Stock, as so adjusted) and to the limitations contained in this Article VIII.
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Preferred Stock Ownership Limit means, with respect to the Preferred Stock, ownership of 9.9% or more (by value or number of shares, whichever is more restrictive) of an outstanding class or series of Preferred Stock, subject to adjustment pursuant to Section 9.1(j) and to any other limitations contained in this Section 9.1.
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Related to Preferred Stock Ownership Limit

  • Common Stock Ownership Limit means not more than 9.8% (in value or in number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of Common Stock of the Company. The number and value of outstanding shares of Common Stock of the Company shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Ownership Limit means, for any Person other than the Initial Holder or a Look-Through Entity, a number of the Outstanding shares of Class C Preferred Stock of the Corporation having an Aggregate Value not in excess of the excess of (x) 8.7% of the Aggregate Value of all Outstanding shares of Equity Stock over (y) the Aggregate Value of all shares of Equity Stock other than Class C Preferred Stock that are Beneficially Owned by the Person.

  • Beneficial Ownership Limitation shall have the meaning set forth in Section 4(d).

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

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

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.