Trust Stock definition

Trust Stock means the shares of beneficial interest of the Trust.

Trust Stock means the Trust Originated Preferred Securities issued by the Trust.

Trust Stock means the shares of beneficial interest of the Trust; provided that in the event that all outstanding shares of beneficial interest of the Trust are exchanged for LLC Interests in accordance with the terms of the LLC Agreement, all references herein to "Trust Stock" or "Shares of Trust Stock" shall automatically be deemed to refer to LLC Interests upon such exchange. Other terms defined herein shall have the meanings assigned to them herein, and capitalized terms used herein without definition shall have the meanings ascribed thereto in the Management Services Agreement.

Examples of Trust Stock in a sentence

• The continuing rights of holders of Equity Interests (including through their interest in the Plan Trust Stock or otherwise) shall be nontransferable except by operation of law.

• Unless otherwise determined by the Plan Administrator, on the date that LBHI’s Chapter 11 Case is closed in accordance with Section 6.6 of the Plan, the Plan Trust Stock issued pursuant to subsection (b) above shall be deemed cancelled and of no further force and effect provided that such cancellation does not adversely impact the Debtors’ estates.

• On the Effective Date, all LBHI Stock shall be cancelled and the Plan Trust Stock shall be issued to the Plan Trust which will hold such share for the benefit of the holders of such former LBHI Stock consistent with their former relative priority and economic entitlements; provided, however, that the Plan Trust may not exercise any voting rights appurtenant thereto in conflict with Article VII of the Plan.

• In addition, the Trustee shall exercise all voting rights in respect of the Trust Stock in favor of any proposal or action necessary or desirable to dispose of Trust Stock in accordance with Paragraph 8 hereof.

• In the event of a Change in Control where the acquirer does not convert Northern Trust Stock Units into a Replacement Award, the Corporation shall fully vest each Northern Trust Stock Unit immediately prior to the Change in Control, and then shall cancel each such vested Northern Trust Stock Unit in exchange for a cash payment equal to the aggregate consideration paid to each shareholder of one (1) share of Common Stock upon the Change in Control.

More Definitions of Trust Stock

Trust Stock means the shares of beneficial interest of the Trust; provided that, in the event that all outstanding shares of beneficial interest of the Trust are exchanged for LLC Interests in accordance with the terms of the LLC Agreement, all references herein to "Trust Stock" or "shares of Trust Stock" shall automatically be deemed to refer to LLC Interests upon such exchange.

Trust Stock means the shares of beneficial interest of the Trust. “USD” means the lawful currency of the United States of America.

Trust Stock means a share representing an undivided beneficial interest in the Trust. Each such interest corresponds to one underlying LLC Interest.

Trust Stock means the maximum number of shares of Class A Common Stock deliverable by the Parent Group pursuant to the securities sold by the Trust in the Trust Offering." ; and (vi) to amend clause (iii) of Section 2.2(a) of the Stockholder Agreement to delete the reference to "clause (ii)" and replace it with "clauses (ii) and (iii)."

Trust Stock has the meaning ascribed to it in the recitals.

Trust Stock means the beneficial interests issued by the Trust and outstanding at the relevant time of determination.

Trust Stock means the separate class of New Stock that shall be designated as Class A pursuant to New Clothestime's certificate of incorporation and that shall be issued and distributed to the Creditor Trust pursuant to Section IV.E.3.a.