Junior Dividend Stock definition

Junior Dividend Stock means, collectively, the Common Stock and any other class or series of capital stock of the Corporation ranking junior as to dividends to the Series B Convertible Preferred Stock.

Junior Dividend Stock means, collectively, the Common Stock and any other class or series of capital stock of the Corporation ranking junior as to dividends to the Series A Convertible Preferred Stock.

Junior Dividend Stock means shares of any class or series of capital stock of the Corporation that rank junior to the Series B Preferred Stock as to the payment of dividends.

Examples of Junior Dividend Stock in a sentence

• The Common Stock and any other series or class of the Corporation’s stock that is both Junior Dividend Stock and Junior Liquidation Stock is referred to herein as “Junior Stock”.

• The Series F Preferred Stock will have the priority as to dividends over the Common Stock and all other series or classes of the Company's stock hereafter issued which ranks junior as to dividends to the Series F Preferred Stock ("Junior Dividend Stock"), and no dividend may be made by the Company on any Junior Dividend Stock unless all accrued and unpaid dividends on Series F Preferred Stock for all periods and the current period have been paid or declared and set aside for payment.

• The respective definitions of Senior Dividend Stock, Senior Liquidation Stock, Junior Dividend Stock, Junior Liquidation Stock, Parity Dividend Stock and Parity Liquidation Stock shall also include any warrants, rights, calls, options or any other convertible securities, exercisable for or convertible into any of the Senior Dividend Stock, Senior Liquidation Stock, Junior Dividend Stock, Junior Liquidation Stock, Parity Dividend Stock and Parity Liquidation Stock, as the case may be.

• The Corporation may declare and pay or set aside for payment dividends on Senior Dividend Stock, Parity Dividend Stock and Junior Dividend Stock (other than Common Stock) in accordance with the rights and preferences of such shares of Senior Dividend Stock, Parity Dividend Stock and Junior Dividend Stock, without paying dividends on the Series A Preferred Stock.

• No dividends or other distributions, other than dividends payable solely in shares of Junior Stock, shall be declared, paid or set apart for payment on shares of Junior Dividend Stock, unless and until all accrued and unpaid dividends on the Convertible Preferred Stock for all dividend payment periods ending on or before the payment date of such dividends or other distributions on Junior Dividend Stock shall have been paid or declared and set apart for payment.

More Definitions of Junior Dividend Stock

Junior Dividend Stock means the Junior Stock and any other capital stock of the Corporation ranking junior as to dividends to the Convertible Preferred Stock. 30

Junior Dividend Stock means the Common Stock and any other Capital --------------------- Stock ranking junior to the Exchangeable Preferred Stock with respect to payments of dividends.

Junior Dividend Stock means the Common Stock of the Company and any other stock over which the Series A Preferred has a preference as to payment of dividends.

Junior Dividend Stock means and includes Common Stock and any series of Preferred Stock that ranks junior to the Series F Preferred Stock, Series E Preferred Stock, Series D Preferred Stock, Series C Preferred Stock, Series B Preferred Stock and the Series A Preferred Stock as to dividend rights.

Junior Dividend Stock means, collectively, the Common Stock and any other class or series of capital stock of the Corporation ranking junior as to dividends thereon to the Series 1998/A Preferred Stock as to any dividends which have been declared on the Series 1998/A Preferred Stock.

Junior Dividend Stock means, collectively, the Common Stock and any other class or series of capital stock of the Corporation, ranking junior as to dividends to the Series A Convertible Preferred Stock. "Junior Liquidation Stock" shall mean the Common Stock or any other class or series of the Corporation's capital stock, ranking junior as to liquidation rights to the Series A Convertible Preferred Stock. "Liquidation Preference" shall mean, for each share of Series A Convertible Preferred Stock, the sum of (i) all dividends accrued and unpaid thereon to the date of final distribution to such holders, (ii) accrued and unpaid interest on dividends in arrears (computed in accordance with Section 5(a)) to the date of distribution, and (iii) $1,000.00. "Market Price" of any security on any date shall mean the closing high bid price of such security on such date on the principal securities exchange or other market on which such security is listed for trading, as reported by such exchange or other market; provided, however, that if during -------- ------- any Measurement Period: 63.

Junior Dividend Stock means (i) the Common Stock and (ii) any other capital stock of the Corporation which ranks junior as to dividends to the Class A Stock.