Dividend Senior Stock definition

Dividend Senior Stock means any class or series of the Company’s stock whose terms expressly provide that such class or series will rank senior to the Mandatory Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). For the avoidance of doubt, Dividend Senior Stock will not include any securities of the Company’s Subsidiaries.
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Dividend Senior Stock means any class or series of the Company’s stock, the terms of which would result in such class or series ranking senior to the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). For the avoidance of doubt, Dividend Senior Stock will not include any securities of the Company’s Subsidiaries.
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Dividend Senior Stock means any class or series of the Company’s or its Subsidiaries’ stock whose terms expressly provide that such class or series will rank senior to the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively).
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Examples of Dividend Senior Stock in a sentence

  • In addition, in the event dividends are paid on any other capital stock of the Corporation other than Dividend Senior Stock, the Corporation shall pay an additional dividend on all outstanding shares of Series B Preferred Stock (on an as-if-converted to Common Stock basis) in an amount per share equal to the maximum amount paid or set aside for any such other share of capital stock (on an as-if-converted to Common Stock basis).

  • For the avoidance of doubt, Capital Stock of the Company shall include any Dividend Junior Stock, Dividend Parity Stock, Dividend Senior Stock, Liquidation Junior Stock, Liquidation Parity Stock and Liquidation Senior Stock.

  • With respect to the payment of dividends, the Series C Preferred Shares shall rank pari passu with all other Existing Preferred Shares (provided that payments to be made to holders of the Series C Preferred Shares in connection with the payment of Scheduled Series D Dividends are governed solely by the final sentence of this paragraph) and shall rank pari passu with all Dividend Parity Stock, junior to any Dividend Senior Stock and senior to any Dividend Junior Stock.

  • Notwithstanding the foregoing, even if accrued dividends on the Series D Preferred Shares for all prior and current dividend periods have not been paid in full, the Company may declare and pay a dividend on the Series D Preferred Shares, Dividend Senior Stock or Dividend Parity Stock for any dividend period if such dividend will be paid ratably in proportion to the aggregate declared, accrued and unpaid dividends on the Series D Preferred Shares, Dividend Senior Stock and Dividend Parity Stock.

  • With respect to the payment of dividends, the Series B Preferred Shares shall rank pari passu with all other Existing Preferred Shares (provided that payments to be made to holders of the Series B Preferred Shares in connection with the payment of Scheduled Series D Dividends are governed solely by the final sentence of this paragraph) and shall rank pari passu with all Dividend Parity Stock, junior to any Dividend Senior Stock, and senior to any Dividend Junior Stock.

  • With respect to the payment of dividends, the Series R-1 Preferred Shares shall rank pari passu with all other Existing Preferred Shares (provided that payments to be made to holders of the Series R-1 Preferred Shares in connection with the payment of Scheduled Series D Dividends are governed solely by the final sentence of this paragraph) and shall rank pari passu with all Dividend Parity Stock, junior to any Dividend Senior Stock, and senior to the Common Shares and all other Dividend Junior Stock.

  • With respect to the payment of dividends, the Series D Preferred Shares shall rank pari passu with all other Existing Preferred Shares (provided that payments to be made to holders of the Series D Preferred Shares in connection with the payment of Scheduled Series D Dividends are governed solely by the final sentence of this paragraph) and shall rank pari passu with all Dividend Parity Stock, junior to any Dividend Senior Stock and senior to any Dividend Junior Stock.

  • With respect to the payment of dividends, the Series D-1 Preferred Shares shall rank pari passu with all other Existing Preferred Shares (provided that payments to be made to holders of the Series D-1 Preferred Shares in connection with the payment of Scheduled Series D Dividends are governed solely by the final sentence of this paragraph) and shall rank pari passu with all Dividend Parity Stock, junior to any Dividend Senior Stock, and senior to the Common Shares and all other Dividend Junior Stock.

  • With respect to the payment of dividends, the Series R Preferred Shares shall rank pari passu with all other Existing Preferred Shares (provided that payments to be made to holders of the Series R Preferred Shares in connection with the payment of Scheduled Series D Dividends are governed solely by the final sentence of this paragraph) and shall rank pari passu with all Dividend Parity Stock, junior to any Dividend Senior Stock, and senior to the Common Shares and all other Dividend Junior Stock.


More Definitions of Dividend Senior Stock

Dividend Senior Stock means the Series A Preferred Stock and any other outstanding series of Preferred Stock provided for or fixed pursuant to the provisions of the certificate of incorporation of the Corporation ranking senior to the Series B Preferred Stock as to dividends.
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Dividend Senior Stock means any class or series of the Company’s stock whose terms expressly provide that such class or series will rank senior to the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). As of the Initial Issue Date, no shares of Dividend Senior Stock are issued or outstanding.
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Dividend Senior Stock means any future class of Preferred Stock established hereafter by the Board of Directors with the approval of a Majority In Interest in accordance with Section 8(c)(i), the terms of which expressly provide that such class ranks senior to the Series A as to the right to payment of dividends.
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Dividend Senior Stock means any future class of Preferred Stock established hereafter by the Board of Directors with the approval of a Majority In Interest in accordance with Section
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Dividend Senior Stock means the Series A Preferred Stock and any other outstanding series of Preferred Stock provided for or fixed pursuant to the provisions of the Certificate of Incorporation ranking senior to the Series B Preferred Stock as to dividends.
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Related to Dividend Senior Stock

  • Senior Stock means any class or series of stock of the Company now existing or hereafter authorized which has preference or priority over the Series AA Preferred Stock as to the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

  • Junior Stock means the Corporation’s common stock and any other class or series of stock of the Corporation hereafter authorized over which Series I Preferred Stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of the Company or any Restricted Subsidiary held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum statutory consolidated federal, state and local income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of the Preferred Stock.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Parity Stock means any class or series of stock of the Corporation (other than Designated Preferred Stock) the terms of which do not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Corporation (in each case without regard to whether dividends accrue cumulatively or non-cumulatively).

  • Dividend Shares means any shares of Common Stock issuable in lieu of cash dividends paid or to be paid on the Series A Preferred.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Disqualified Stock Dividends means all dividends with respect to Disqualified Stock of the Company held by Persons other than a Wholly Owned Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income tax rate (expressed as a decimal number between 1 and 0) then applicable to the Company.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as:

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Regular Dividend means USD0.55 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Equivalent Preferred Stock shall have the meaning set forth in Section 11(b) hereof.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Fully Junior Shares means the Common Shares, the Series 1998 Junior Participating Preferred Shares and any other class or series of shares of beneficial interest of the Company now or hereafter issued and outstanding over which the Series E Preferred Shares have preference or priority in both (i) the payment of dividends and (ii) the distribution of assets on any liquidation, dissolution or winding up of the Company.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Special Dividend Period means a Dividend Period consisting of (i) a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364 or (ii) a specified period of one whole year or more but not greater than five years (in each case subject to adjustment as provided in paragraph 2(b)(i)).