New Preferred definition

New Preferred means the series of the Preferred Stock, $100 liquidation value, of the Company designated as its "June 1989 Series Money Market Cumulative Preferred(TM) Stock".

New Preferred means preferred stock having the purchase price and liquidation preference equal to the Agreed Price or the Discounted Price, as applicable, and otherwise on terms as set forth on Exhibit L to this Agreement.

New Preferred means those certain shares of Series A Preferred to be purchased by the Purchasers pursuant to Section 2A of this Agreement at the Closing and having the rights set forth for the Series A Preferred in the Certificate of Designation, as amended, modified, restated, superseded or replaced from time to time.

Examples of New Preferred in a sentence

• Each share of New Preferred Stock shall be automatically converted into fully paid and non-assessable shares of Common Stock at the then-effective applicable Conversion Price in the event that (i) the New Senior Majority shall have elected to convert all shares of New Preferred Stock or (2) the Common Stock of the Corporation becomes listed for trading on a national securities exchange.

• In any such vote, each share of New Preferred Stock shall entitle the holder thereof to the number of votes per share that equals the number of shares of Common Stock (including fractional shares) into which each such share of New Preferred Stock is then convertible, rounded up to the nearest one-tenth of a share, but not including any shares of Common Stock issuable upon conversion of any dividends accrued on such New Preferred Stock.

• Such converted New Preferred Stock shall be retired and cancelled and may not be reissued as shares of such series, and the Corporation may thereafter take such appropriate action (without the need for stockholder action) as may be necessary to reduce the authorized number of shares of New Preferred Stock accordingly.

• Each of the conversions set forth in this Section B.10(a) is referred to as a “Special Mandatory Conversion.” All accrued but unpaid dividends on shares New Preferred Stock shall be paid, in cash or additional shares at the discretion of the Board of Directors, in connection with any Special Mandatory Conversion.

• Upon a Special Mandatory Conversion, each holder of shares of New Preferred Stock converted pursuant to Section B.10(a) shall be sent written notice of such Special Mandatory Conversion and the place designated for mandatory conversion of all shares of New Preferred Stock.

More Definitions of New Preferred

New Preferred has the meaning set forth in Section 5.5.

New Preferred means any series of preferred stock of the Borrower sold and issued by Borrower after the date of this Agreement.

New Preferred means the 2003 Series A Preferred Stock, $0.001 par value, of the Company having the rights and preferences set forth in the Certificate of Designation.

New Preferred means the series of the Preferred Stock, $100 liquidation preference, of the Company designated as its "September 1992A Series Auction Market Preferred Stock."

New Preferred means the Series D Convertible Preferred Stock of the Company, par value $.001 per share.

New Preferred means the Series E 10% Cumulative Convertible Preferred Stock of the Company, and any stock into or for which such New Preferred may hereafter be converted or exchanged pursuant to the Restated Certificate of Incorporation of the Company as from time to time amended as provided by law and in such certificate (the “Certificate of Incorporation”).

New Preferred means the $325.0 million initial liquidation preference preferred stock of Parent issued pursuant to the New Preferred Documents on the Closing Date.