Junior Liquidation Stock definition

Junior Liquidation Stock means the Common Stock or any other class or series of the Corporation's capital stock ranking junior as to liquidation rights to the Series B Convertible Preferred Stock.

Junior Liquidation Stock means 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.

Junior Liquidation Stock means shares of any class or series of capital stock of the Corporation that rank junior to the Series A Preferred Stock as to the distribution of assets upon a Liquidation Event.

Examples of Junior Liquidation Stock in a sentence

• Following any distribution of assets or surplus funds of the Company to the holders of any outstanding series of Junior Liquidation Stock, the remainder of any such assets or, surplus funds shall be distributed to the holders of the Common Stock and any other series of preferred stock entitled to participate in distributions of assets or surplus funds upon liquidation until each holder shall have received an amount per share equal to the preferred amount.

• 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 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.

• To the extent that shares of Series B Preferred Stock and Series C Preferred Stock of the Corporation (the "Senior Liquidation Stock") remain outstanding, such stock ranks senior to the Series OH-2 Convertible Preferred Stock and the Junior Liquidation Stock with respect to payments upon Liquidation.

• Upon any such liquidation, dissolution or winding up of the Corporation, immediately after the holders of Series A Stock shall have been paid in full the Liquidation Preference Payments, the holders of Series A Stock will not be entitled to any further participation in any distribution of assets by the Corporation and the remaining net assets of the Corporation available for distribution to its stockholders shall be distributed ratably among the holders of Junior Liquidation Stock.

• The Series D Preferred Stock shall be senior as to liquidation to the Common Stock and all Junior Liquidation Stock and, after June 1, 2002, junior to the Series A Preferred Stock.

• The Series I Preferred Stock shall be senior as to liquidation to the Common Stock and all Junior Liquidation Stock.

• The Grantor reserves unto itself the right to abandon the project approved by the freshwater wetlands permit and/or transition area waiver entitled ____________, File Number _________ (the “Project” as depicted and described on Exhibits B and C respectively), whereupon the Grantee shall execute an appropriate release of this Conservation Restriction without the need for a public hearing that might otherwise be required under N.J.S.A. 13:8B-1 et seq.

• So long as any shares of Series A Convertible Preferred Stock are outstanding, the Corporation shall, whenever appropriate, cause its books, records and financial statements to reflect the Liquidation Preference as a valid obligation of the Corporation payable prior to any payment or distribution of assets to any holders of Junior Liquidation Stock upon any liquidation, dissolution, or winding up of the Corporation.

• The Common Stock and any other Capital Stock that is both Junior Dividend Stock and Junior Liquidation Stock, is referred to herein as "JUNIOR STOCK").

More Definitions of Junior Liquidation Stock

Junior Liquidation Stock means any class or series of capital stock of the Company that, with respect to distributions upon liquidation, dissolution or winding up of the Company, ranks junior to the Series A Preferred Stock.

Junior Liquidation Stock means the Junior Stock and any other class or series of the Corporation's capital stock ranking junior to the Convertible Preferred Stock as to distributions of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary.

Junior Liquidation Stock means the Common Stock and any other Capital Stock ranking junior to the Exchangeable Preferred Stock with respect to distributions of assets upon Liquidation.

Junior Liquidation Stock means (i) the Common Stock and (ii) any other capital stock of the Corporation which ranks junior upon liquidation, dissolution or winding up to the Class A Stock.

Junior Liquidation Stock means 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.