Parity Stock
Parity Stock. Means any class or series of stock of the Issuer (other than Designated Preferred Stock) the terms of which do not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Issuer (in each case without regard to whether dividends accrue cumulatively or non-cumulatively).
Parity Stock. Shall mean the Series C Preferred Stock as well as any class of capital stock or series of preferred stock established by the Board of Directors after the Issue Date, the terms of which expressly provide that such class or series will rank on parity with the Series D Preferred Stock as to dividend rights or rights upon the liquidation, winding-up or dissolution of the Corporation.
Found in
VINEYARD NATIONAL BANCORP contract
Parity Stock. Means the Series B Preferred Stock and any other class or series of capital stock of the Corporation ranking on a parity with the Series A-1 Preferred Stock both as to dividends and as to distributions upon a liquidation, dissolution or winding up of the Corporation.
Found in
DIAL GLOBAL, INC. contract
Parity Stock. Shall mean any class or series of Capital Stock authorized and issued after the Original Issuance Date in accordance with the Articles of Incorporation that expressly ranks on a parity basis with the Series A Preferred Stock as to the dividend rights, rights of redemption or rights on the distribution of assets on any Liquidation Event. 4
Parity Stock. The term "Parity Stock" shall mean any shares of any class or any series of capital stock that, if dividends thereon are not paid in full, be entitled to share ratably with the Preferred Stock in the payment of dividends including accumulations, if any, in accordance with the sums which would be payable on such shares if all dividends were declared and paid in full, and/or shall, in the event that the amounts payable thereon on liquidation are not paid in full, be entitled to share ratably with...
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Parity Stock. Shall mean, with respect to shares of Voting Preferred Stock, any capital stock of the Corporation ranking on a parity with the Voting Preferred Stock, with respect to dividends, distribution in liquidation or any other preference, right or power.
Found in
T MOBILE USA contract
Parity Stock. Shall mean, for purposes of Section 4 below, any class or series of stock of the Corporation authorized after the Initial Issue Date which is entitled to receive assets upon liquidation, dissolution or winding up of the affairs of the Corporation on a parity with the Convertible Preferred Stock without preference or priority of one over the other.
Found in
Trinity Industries Inc contract
Parity Stock. Means the Series A Preferred Stock and the Series B Preferred Stock and any and all other classes or series of capital stock of the Company ranking as to distribution of assets on any liquidation of the Company on parity with the Preferred Stock.
Found in
EPL OIL & GAS, INC. contract
Parity Stock. Means, (i) any class or series of securities of the ------------ Corporation entitled to receive payment of dividends on a parity with the Series A Preferred Stock and (ii) any class or series of securities of the Corporation entitled to receive assets upon the liquidation, dissolution or winding up of the affairs of the Corporation on a parity with the Series A Preferred Stock.
Found in
CHENIERE ENERGY INC contract
Parity Stock. The term "Parity Stock" shall mean, for purposes of paragraph 2 below, any class or series of stock of the Corporation authorized after the Initial Issue Date which is entitled to receive payment of dividends on a parity with the Series A Preferred Stock, and for purposes of paragraph 3 below, shall mean any class or series of stock of the Corporation authorized after the Initial Issue Date which is entitled to receive assets upon liquidation, dissolution or winding up of the affairs of the...
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All Definitions
Found in
NEXTERA ENTERPRISES INC contract