Acquired Preferred Stock definition

Acquired Preferred Stock means, with respect to any specified Person, Preferred Stock of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such specified Person, including, without limitation, Preferred Stock incurred in connection with, or in contemplation of, such other Person merging with or into or becoming a Subsidiary of such specified Person.

Acquired Preferred Stock means (i) with respect to any Person that becomes a Restricted Subsidiary after the Issue Date, Preferred Stock of such Person existing at the time such Person becomes a Restricted Subsidiary and (ii) with respect to the Company or any Restricted Subsidiary, any Preferred Stock of a Person, other than the Company or a Restricted Subsidiary, existing at the time such Person is merged with or into the Company or a Restricted Subsidiary, but excluding in each case Preferred Stock which is extinguished, retired or repaid substantially simultaneously in connection with such Person becoming a Restricted Subsidiary or such merger, as the case may be.

Acquired Preferred Stock means Indebtedness or Preferred Stock, as the case may be, of a Person existing at the time such Person becomes a Restricted Subsidiary or Indebtedness assumed in connection with an Asset Acquisition by the Company or a Restricted Subsidiary and not incurred in connection with, or in anticipation of, such Person becoming a Restricted Subsidiary or such Asset Acquisition; provided that Indebtedness or Preferred Stock, as the case may be, of such Person which is redeemed, defeased, retired or otherwise repaid in full at the time of or immediately upon the consummation of the transactions by which such Person becomes a Restricted Subsidiary or such Asset Acquisition shall not be considered as Indebtedness or Preferred Stock.

Examples of Acquired Preferred Stock in a sentence

• The purchase price for such Acquired Preferred Stock shall be determined for such date in accordance with Section 2.4.

• Stock of a Subsidiary of the Company (other than Acquired Preferred Stock; provided that at the time the issuer of such Acquired Preferred Stock becomes a Subsidiary of the Company or merges with the Company or any of its Subsidiaries, and after giving effect to such transaction, the Company shall be able to incur $1.00 of additional Debt (other than Permitted Debt) in compliance with Section VIII(1), "Limitation on Debt," of this Certificate of Designation).

• The Purchaser may, upon not less than one Business Days' notice to the Seller, purchase any of the Acquired Preferred Stock, in whole or in part, prior to the Closing Date for such Acquired Preferred Stock.

• The aggregate purchase price of the Acquired Preferred Stock shall be $7,400,000 PLUS an amount of interest accruing at the rate per annum of 15% from the date of this Agreement until the Closing Date (or such other earlier date of the purchase of Acquired Preferred Stock pursuant to Section 2.3).

• Purchase Price: $ 9,000,000.00 Closing: Location of Closing: Virtual Time of Closing: 10:00 a.m. (EST) Date of Closing: August 11, 2011 Redemption Information (Only complete if the Company was a CPP or CDCI participant; leave blank otherwise.) Prior Program: x CPP o CDCI Series of Previously Acquired Preferred Stock: Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and Fixed Rate Cumulative Perpetual Preferred Stock, Series B.

More Definitions of Acquired Preferred Stock

Acquired Preferred Stock means preferred stock of a person (a) existing at the time such person is merged with or into the Company or becomes a Subsidiary or (b) assumed in connection with the acquisition of assets from such person.

Acquired Preferred Stock means Preferred Stock of any Person at the time such Person becomes a Subsidiary of the Corporation or at the time it merges or consolidates with the Corporation or any of its Subsidiaries and not issued by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Subsidiary of the Corporation or such acquisition, merger or consolidation.

Acquired Preferred Stock means, with respect to any specified Person, Indebtedness or Preferred Stock of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such specified Person (including by Designation or Revocation), PROVIDED that such Indebtedness or Preferred Stock is not incurred in connection with, or in contemplation of, such other Person merging with or into or becoming a Subsidiary of such specified Person.

Acquired Preferred Stock means Preferred Stock of any Person or any of its Subsidiaries at the time such Person becomes a Subsidiary of the Company or at the time it merges or consolidates with the Company or any of its Subsidiaries and not issued by such Person in connection with, or in anticipation or contemplation of, such acquisition, merger, or consolidation together with any other Preferred Stock of such Person, the proceeds of which are used to refinance or replace such Person's Acquired Preferred Stock; provided that (i) the maximum aggregate liquidation preference of any such refinancing or replacement Preferred Stock does not exceed the aggregate liquidation preference of the Acquired Preferred Stock being refinanced or replaced at the time of such refinancing or replacement and (ii) such refinancing or replacement Preferred Stock (other than Qualified Capital Stock) (x) shall not mature or become mandatorily redeemable prior to the maturity of the Acquired Preferred Stock being refinanced or replaced and (y) shall have a Weighted Average Life to Maturity greater than either (1) the Weighted Average Life to Maturity of the Acquired Preferred Stock being refinanced or replaced or (2) the remaining Weighted Average Life to Maturity of the Securities.

Acquired Preferred Stock means the preferred stock of CLC acquired ------------------------ on the effective date, and by operation, of the Merger and the preferred stock of a Person of any of its Subsidiaries at the time such Person becomes a Subsidiary which will remain outstanding after the Merger of the Corporation or at the time it merges or consolidates with the Corporation or any of its Subsidiaries or assumed in connection with the acquisition of assets from such Person and in each case not incurred by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Subsidiary of the Corporation or such acquisition, merger or consolidation unless issued in connection with a tax-advantaged asset acquisition.

Acquired Preferred Stock in connection with, or in anticipation or contemplation of, such acquisition, merger or consolidation.

Acquired Preferred Stock as defined in the recitals.