Designation; Ranking Sample Clauses

Designation; Ranking. A total of two million five hundred thousand (2,500,000) shares of Preferred Stock are designated as “Series A Convertible Preferred Stock” (the “Series A Preferred Stock”). Each share of Series A Preferred Stock shall rank equally in all respects and shall be subject to the provisions set forth in this Certificate.
Sample 1
AutoNDA by SimpleDocs
Designation; Ranking. The designation of this series of preferred stock shall be “Series A Convertible Participating Preferred Stock.” Each share of Series A Preferred Stock shall be identical in all respects to every other share of Series A Preferred Stock. Series A Preferred Stock will rank equally with Parity Stock, if any, will rank senior to Junior Stock, if any, and will rank junior to Senior Stock, if any. The Series A Preferred Stock shall be subordinate, and rank junior in right of payment, to all indebtedness of the Corporation.
Sample 1
Designation; Ranking. There shall be two series of Preferred Stock which shall be designated, respectively, as "Series A Convertible Preferred Stock" (referred to herein as the "Series A Convertible Preferred Stock") and "Series B Convertible Preferred Stock" (referred to herein as "Series B Convertible Preferred Stock" and together with the Series A Convertible Preferred Stock, the "Convertible Preferred Stock"). The Series A Convertible Preferred Stock and Series B Convertible Preferred Stock shall rank pari passu with each other and senior to the Corporation's Common Stock and all other Preferred Stock of the Corporation ranking junior to the Convertible Preferred Stock, with respect to the payment of distributions on liquidation, dissolution or winding up of the Corporation and with respect to the payment of dividends.
Sample 1
Designation; Ranking. A total of [____] shares of the Corporation's common stock shall be designated as Common Stock, par value $.001 per share (the "Common Stock").
Sample 1
Designation; Ranking. The shares of such series of Preferred Stock shall be designated "Series A Redeemable Cumulative Preferred Stock" which shall be senior to all other capital stock of the Corporation with respect to dividends, redemption and distributions upon the liquidation, dissolution or winding-up of the Corporation (referred to herein as the "Series A Preferred Stock").
Sample 1
Designation; Ranking. (a) The designation of the series of preferred stock shall be Series B Noncumulative Convertible Perpetual Preferred Stock (the “Series B Preferred Stock”). Each share of Series B Preferred Stock shall be identical in all respects to every other share of Series B Preferred Stock.
Sample 1
Designation; Ranking. A total of six million seven hundred ninety-one thousand ninety-seven (6,791,097) shares of Preferred Stock are designated as “Series C Redeemable Preferred Stock” (the “Series C Preferred Stock”). Each share of Series C Preferred Stock shall rank equally in all respects and shall be subject to the provisions set forth in this Certificate.
Sample 1
AutoNDA by SimpleDocs
Designation; Ranking. A total of one million five hundred eighty-eight thousand three hundred twenty-seven (1,586,017) shares of Preferred Stock are designated as “Series E Preferred Stock” (the “Series E Preferred Stock”). Each share of Series E Preferred Stock shall rank equally in all respects and shall be subject to the provisions set forth in this Certificate.
Sample 1

Related to Designation; Ranking

  • Designation The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Plan Administrator, executed by the Executive’s spouse and returned to the Plan Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator prior to the Executive’s death.

  • Designation of Series Pursuant to the terms hereof and Sections 201 and 301 of the Base Indenture, the Company hereby creates two series of Securities designated the “1.749% Guaranteed Notes due 2030” and the “2.772% Guaranteed Notes due 2050”, which Notes shall be deemed “Securities” for all purposes under the Base Indenture.

  • Designation of Unrestricted Subsidiaries The Borrower Representative may at any time after the Closing Date designate any Restricted Subsidiary as an Unrestricted Subsidiary and subsequently re-designate any Unrestricted Subsidiary as a Restricted Subsidiary, if other than for purposes of designating a Restricted Subsidiary as an Unrestricted Subsidiary that is a Receivables Subsidiary in connection with the establishment of a Qualified Receivables Financing (i) the Interest Coverage Ratio of UK Holdco and the Restricted Subsidiaries for the most recently ended Reference Period preceding such designation or re-designation, as applicable, would have been, on a Pro Forma Basis, at least the lesser of (x) 2.00 to 1.00 and (y) the Interest Coverage Ratio as of the most recently ended Reference Period and (ii) no Event of Default has occurred and is continuing or would result therefrom. The designation of any Restricted Subsidiary as an Unrestricted Subsidiary after the Closing Date shall constitute an Investment by the applicable Loan Party or Restricted Subsidiary therein at the date of designation in an amount equal to the Fair Market Value of the applicable Loan Party’s or Restricted Subsidiary’s investment therein; provided that if any subsidiary (a “Subject Subsidiary”) being designated as an Unrestricted Subsidiary has a subsidiary that was previously designated as an Unrestricted Subsidiary (the “Previously Designated Unrestricted Subsidiary”) in compliance with the provisions of this Agreement, the Investment of such Subject Subsidiary in such Previously Designated Unrestricted Subsidiary shall not be taken into account, and shall be excluded, in determining whether the Subject Subsidiary may be designated as an Unrestricted Subsidiary hereunder. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (x) the incurrence at the time of designation of Indebtedness or Liens of such Subsidiary existing at such time, and (y) a return on any Investment by the applicable Loan Party or Restricted Subsidiary in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the Fair Market Value at the date of such designation of such Loan Party’s or Restricted Subsidiary’s Investment in such Subsidiary. For the avoidance of doubt, neither a Borrower nor UK Holdco shall be permitted to be an Unrestricted Subsidiary. At any time a Subsidiary is designated as an Unrestricted Subsidiary hereunder, the Borrower Representative shall cause such Subsidiary to be designated as an Unrestricted Subsidiary (or any similar applicable term) under the Senior Secured Notes.

  • Limitation on Designations of Unrestricted Subsidiaries (a) The Company may designate any Restricted Subsidiary as an “Unrestricted Subsidiary” under this Indenture (a “Designation”) only if:

  • Designation, Amount and Par Value The series of preferred stock shall be designated as the Series D 5% Convertible Preferred Stock (the "Preferred Stock"), and the number of shares so designated and authorized shall be Three Thousand (3,000). Each share of Preferred Stock shall have a par value of $0.0001 per share and a stated value of $1,000 per share (the "Stated Value").

Time is Money Join Law Insider Premium to draft better contracts faster.