Class B Preferred definition

Class B Preferred means the Class B 8.0% Cumulative Convertible Preferred Stock, par value $.01 per share, of the Company.

Class B Preferred means the Class B Convertible Preferred Stock, $.001 par value per share, of the Company. “Class C Preferred” means the Class C Convertible Preferred Stock, $.001 par value per share, of the Company. “Class C Purchase Agreement” means the Class C Preferred Stock Purchase Agreement of even date herewith by and among the Company, AdAstra and the other purchasers of Class C Preferred named therein. “Commission” means the Securities and Exchange Commission and any successor agency of the Federal government administering the Securities Act and the Exchange Act. “Common Share” means a share of Common Stock.

Class B Preferred means Holdings’ Class B Preferred Units.

Examples of Class B Preferred in a sentence

• The Corporation and the Transfer Agent may deem and treat the record holder of any share of Class B Preferred Stock as the true and lawful owner thereof for all purposes, and neither the Corporation nor the Transfer Agent shall be affected by any notice to the contrary.

• The Trust has identified its investment in the Class B Preferred Securities to be variable interests and considers itself as the primary beneficiary, resulting in the consolidation of the Company.

• All shares of Class B Preferred Stock which shall have been issued and reacquired in any manner by the Corporation (including shares of Class B Preferred Stock which have been surrendered for conversion into Common Stock) shall be returned to the status of authorized, but unissued shares of Class B Preferred Stock.

• Each stockholder of record, including without limitation any Person that holds shares of Class B Preferred Stock on behalf of a Beneficial Owner, shall take all reasonable steps to obtain the written notice described in this Section 11.5 from the Beneficial Owner.

• Every record and Beneficial Owner of more than 5% (or such other percentage between 0.5% and 5%, as provided in the applicable regulations adopted under the Code) of the number of Outstanding shares of Class B Preferred Stock shall, within 30 days after January 1 of each year, give written notice to the Corporation stating the name and address of such record or Beneficial Owner, the number of shares of Class B Preferred Stock Beneficially Owned, and a full description of how such shares are held.

More Definitions of Class B Preferred

Class B Preferred means the Company's shares of that separate class designated as "Series B Convertible Preferred Stock". Unless otherwise stated, other capitalized terms contained herein have the meanings set forth in the Purchase Agreement.

Class B Preferred. Stock shall mean the Class B Preferred Stock, par ----------------------- value $0.01 per share, of the Company. Closing Date shall mean the date on which the Offerings shall be ------------ consummated. Commission shall mean the Securities and Exchange Commission and any ---------- successor commission or agency having similar powers. Common Stock shall mean the Common Stock, the Non-Voting Common Stock ------------ and shall include unless otherwise noted, the Warrant Stock. Company shall have the meaning set forth in the preamble to this ------- Agreement. Credit Agreement shall mean the Second Amended and Restated Revolving ---------------- Credit and Term Loan Agreement, dated February 7, 1996, by and among Enterprises, the Company, the lenders thereto and Bank of Boston, as agent as amended or otherwise modified from time to time. Enterprises shall mean National Restaurant Enterprises, Inc., a ----------- Delaware corporation. Exchange Act shall mean the Securities Exchange Act of 1934, as ------------ amended, or any similar Federal statute then in effect, and a reference to a particular section thereof shall include a reference to the comparable section, if any, of such similar Federal statute.

Class B Preferred means Parent’s Class B Preferred Units.

Class B Preferred. Stock shall mean the Class B Preferred Stock, par value $0.01 per share, of the Company. Closing Date shall mean the date on which the Offerings shall be consummated. Commission shall mean the Securities and Exchange Commission and any successor commission or agency having similar powers. Common Stock shall mean the Common Stock, the Non-Voting Common Stock and shall include unless otherwise noted, the Warrant Stock. Company shall have the meaning set forth in the preamble to this Agreement.

Class B Preferred means the shares of Class B 5% Cumulative Participating Preferred Stock in TOG of any series, no par value per share, having the rights, preferences and privileges set forth in TOG’s Third Amended and Restated Articles of Incorporation, as the same may be amended and/or restated from time to time.

Class B Preferred means (i) the Series B-1 Preferred Stock, (ii) the Series B-2 Preferred Stock, (iii) the Series B-3 Preferred Stock and (iv) the Series B-4 Preferred Stock.

Class B Preferred means the class of Shares described in Section 2.1 (a)(ii). "Class B Shares" means the Common Shares and the Class B Preferred. "Closing Date" has the meaning provided in Section 11.7(d)(ii). 7 _____________________________________________________________________________