Dividend Junior Stock definition

Dividend Junior Stock means any class or series of the Company’s stock whose terms do not expressly provide that such class or series will rank senior to, or equally with, the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). Dividend Junior Stock includes the Common Stock. For the avoidance of doubt, Dividend Junior Stock will not include any securities of the Company’s Subsidiaries.

Dividend Junior Stock means the Common Stock or any class or series of stock of the Corporation that ranks junior to Series E in the payment of current dividends.

Dividend Junior Stock means the Common Stock and any other class or series of capital stock of the Corporation over which Series B Preferred Stock has preference or priority in the payment of current dividends.

Examples of Dividend Junior Stock in a sentence

• The Convertible Preferred Stock will rank senior to Dividend Junior Stock with respect to the distribution of assets upon the Company’s liquidation, dissolution, or winding up.

• The Purchaser hereby agrees that it shall not declare or pay or set aside for payment a dividend on the outstanding shares of Dividend Junior Stock without the prior consent or agreement of the holders of at least a majority of the shares of Series B Preferred Stock then outstanding.” Section 9.

• The Convertible Preferred Stock will rank senior to Dividend Junior Stock with respect to thedistribution of assets upon the Company’s liquidation, dissolution, or winding up.

• For the avoidance of doubt, the declaration and payment of a dividend or making of any Distribution on any Dividend Junior Stock in which Holders shall participate pursuant to Section 4(b) in accordance with the foregoing proviso shall not obligate the Corporation to pay any Preference Dividends pursuant to Section 4(a).

• Requirement for information The employer shall ensure that persons under the age of 18, their parents or other guardians are informed about any risks associated with the work and about all measures implemented to safeguard the young people's health and safety.

More Definitions of Dividend Junior Stock

Dividend Junior Stock means the Common Stock and any other outstanding series of Preferred Stock provided for or fixed pursuant to the provisions of the certificate of incorporation of the Corporation ranking junior to the Series B Preferred Stock as to dividends.

Dividend Junior Stock means any class or series of the Corporation’s stock, the terms of which would result in such class or series ranking junior to the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). Dividend Junior Stock includes the Common Stock and Series A Preferred Stock. For the avoidance of doubt, Dividend Junior Stock will not include any securities of the Corporation’s Subsidiaries.

Dividend Junior Stock means any class or series of the Company’s stock whose terms do not expressly provide that such class or series will rank senior to, or equally with, the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). The Common Stock is the only Dividend Junior Stock outstanding as of the Initial Issue Date.

Dividend Junior Stock means, at any time after the Mandatory Conversion Date, any outstanding series of Preferred Stock provided for or fixed pursuant to the provisions of the Certificate of Incorporation raking junior to the Series 1 Preferred Stock as to dividends.

Dividend Junior Stock has the meaning set forth in Section 4(c).

Dividend Junior Stock means any class or series of the Company's stock whose terms do not expressly provide that such class or series will rank senior to, or equally with, the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). The Common Stock is the only Dividend Junior Stock outstanding as of the Initial Issue Date.

Dividend Junior Stock shall have the meaning set forth in paragraph (d) of Section (3).