Convertible Series A Preferred Stock definition

Convertible Series A Preferred Stock means the convertible series A preferred stock of New GMI having the terms set forth in the Convertible Series A Certificate of Designation to be issued on the Effective Date pursuant to the Plan.

Convertible Series A Preferred Stock at a purchase price of $1,050.8 million in the aggregate in cash;

Convertible Series A Preferred Stock means, collectively, (i) 10,000 shares of Company’s Convertible Series A Preferred Stock, (ii) the Certificate of Designation pursuant to which such shares were issued, and (iii) any shares of additional securities of the same nature issued as payment in kind of dividends in respect thereto.

Examples of Convertible Series A Preferred Stock in a sentence

• The Convertible Series A Preferred Stock will vote on all matters before holders of common stock in reorganized Xxxxxxx as a single class with such holders of common stock on an as-converted basis.

• Exemption from SEC Registration The issuance of Convertible Series A Preferred Stock will be exempt from registration with the U.S. Securities and Exchange Commission (the “SEC”) under section 1145 of the Bankruptcy Code.

• None of the commitments to purchase the Convertible Series A Preferred Stock of any Plan Sponsor or any Additional Investor shall be reduced for any reason.

• Following the issue date, no preferred shares or equity securities ranking pari passu with or senior to the Convertible Series A Preferred Stock may be issued by the Reorganized Debtors without the consent of (x) holders of a majority of the outstanding shares of Convertible Series A Preferred Stock and (y) holders of the Series B Preferred Stock.

• Following the issue date, any amendment, waiver, or modification of any term or condition of the Convertible Series A Preferred Stock shall require the consent of holders of a majority of the outstanding shares of such stock.

• The Plan Sponsors and the Additional Investors shall commit, severally and not jointly, to purchase shares of Convertible Series A Preferred Stock at a purchase price of approximately $1,050 million in the aggregate in cash in accordance with the allocation annex attached hereto as Annex 2.

• Governance of the Reorganized Debtors The board of directors (the “New Board”) of reorganized Xxxxxxx will be seven (7) members, subject to increase with the consent of Honeywell (solely until the Repayment Date) and a majority of the outstanding shares of Convertible Series A Preferred Stock.

• In September 2011 the Australian Energy Regulator (AER) submitted two rule change requests seeking to amend the rules for the economic regulation of network services.

• The Convertible Series A Preferred Stock and the issuance of such securities shall otherwise be on terms and conditions that are acceptable to the Plan Sponsors with the consent of Honeywell and the Requisite Additional Investors (in each case, which consent shall not be unreasonably withheld, conditioned, or delayed).

• The Convertible Series A Preferred Stock shall have a liquidation preference equal to $1 per share.

More Definitions of Convertible Series A Preferred Stock

Convertible Series A Preferred Stock means, collectively, (i) 10,000 shares of Company’s Convertible Series A Preferred Stock, (ii) the Certificate of Designation pursuant to which such shares were issued, and (iii) any shares of additional securities of the same nature issued as payment in kind of dividends in respect thereto. 7 Credit Agreement

Convertible Series A Preferred Stock means up to 4,080,000 shares of Target's Convertible Series A Preferred Stock, each share of which entitles its holder to convert such share into one share of Target's common stock.