SpinCo Class C Preferred Stock definition

SpinCo Class C Preferred Stock has the meaning set forth in the Separation Agreement.
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SpinCo Class C Preferred Stock shall have the meaning ascribed to it in the Separation Agreement. 4 Note to Draft: Schedule B will list all partnerships described in clauses (i)(B), (ii)(D) or (iii) above and all DREs and branches that hold any Reference Assets pursuant to clauses (i) and (ii) above.
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SpinCo Class C Preferred Stock shall have the meaning ascribed to it in the Separation Agreement. “SpinCo Common Stock” shall have the meaning ascribed to it in the Separation Agreement.
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Examples of SpinCo Class C Preferred Stock in a sentence

  • Transfer Restrictions The SpinCo Class C Preferred Stock will be transferrable.

  • Optional Redemption The SpinCo Class C Preferred Stock will not be redeemable at the option of SpinCo. No Mandatory Redemption The holders of the SpinCo Class C Preferred Stock will not have a right to require SpinCo to redeem the SpinCo Class C Preferred Stock.

  • In the event of a Liquidation of SpinCo, the holders of the SpinCo Class C Preferred Stock would be entitled to receive, for each share of SpinCo Class C Preferred Stock held, an amount of proceeds equal to (x) $100 plus (y) the amount that would be received if the holders of SpinCo Class C Preferred Stock were to receive proceeds on a pro rata, as converted, basis with holders of the SpinCo Common Stock.

  • If such event causes the SpinCo Common Stock to be converted into, or exchanged for, the right to receive more than a single type of consideration (determined based in part upon any form of stockholder election), then the property into which the SpinCo Class C Preferred Stock will be convertible shall be deemed to be the weighted average of the types and amounts of consideration actually received by the holders of SpinCo Common Stock.

  • Conversion The share (or fractional interests therein) of SpinCo Class C Preferred Stock will, at the holder’s option, be convertible into the right to receive a number of shares of SpinCo Common Stock equal to (1) the number of shares of SpinCo Common Stock issued and outstanding immediately before the Distribution multiplied by (0) 0.0000000.

  • The holders of the SpinCo Class C Preferred Stock will be entitled to receive the amount described in clause (x) prior to and in preference to any distribution of proceeds to the holders of the SpinCo Common Stock.

  • Purchase Price The SpinCo Class C Preferred Stock will be issued to General Electric Company (“GE”) in connection with the SpinCo Transfer (as defined in the Separation Agreement).

  • Priority The SpinCo Class C Preferred Stock will rank pari passu with the SpinCo Class A Preferred Stock and SpinCo Class B Preferred Stock and senior to the SpinCo Common Stock and to all other classes or series of equity securities of SpinCo with respect to all rights upon a liquidation, dissolution or winding up (a “Liquidation”).

  • Except as set forth in the immediately preceding sentence, no dividends will be paid on the SpinCo Class C Preferred Stock.

  • Voting Rights The SpinCo Class C Preferred Stock will have no voting rights, except as set forth below or as otherwise required by applicable law.

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