Junior Preferred Stock definition

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

Junior Preferred Stock means, collectively, (i) Series E-1 Convertible Preferred, (ii) Series E-2 Convertible Preferred and (iii) Series F Non-Convertible Preferred, in each case as defined in the Master Transaction Agreement.

Junior Preferred Stock means the Company's junior preferred stock, $1.00 par value.

Examples of Junior Preferred Stock in a sentence

• Any shares of Junior Preferred Stock purchased or otherwise acquired by the Company in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.

• Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Junior Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Company convertible into Junior Preferred Stock.

• Dividends paid on the shares of Junior Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding.

• The Junior Preferred Stock shall rank, with respect to the payment of dividends and the distribution of assets, junior to all series of any other class of the Company's Preferred Stock.

• The Board of Directors may fix a record date for the determination of holders of shares of Junior Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof.

More Definitions of Junior Preferred Stock

Junior Preferred Stock means the Series A-1 Preferred Stock, the Series A-2 Preferred Stock, the Series A-3 Preferred Stock, and the Series A-4.1 Preferred Stock, collectively.

Junior Preferred Stock means the Junior Participating Preferred Stock, par value $0.001 per share, of the Company having the powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions set forth in the Certificate of Designations attached to this Rights Agreement as Exhibit A and, to the extent that there are not a sufficient number of shares of Junior Participating Preferred Stock authorized to permit the full exercise of the Rights, any other series of preferred stock of the Company designated for such purpose containing terms substantially similar to the terms of the Junior Participating Preferred Stock.

Junior Preferred Stock means the Series A Junior Participating Preferred Stock, par value $0.10 per share, of Parent.

Junior Preferred Stock means the series of Junior Participating Preferred Stock, without par value, of the Company created by a Certificate of Adoption of Resolution establishing a series of shares of preferred stock of the Company in substantially the form set forth in Exhibit B hereto appropriately completed.

Junior Preferred Stock means the Series A 14% Junior Preferred Stock of Borrower.

Junior Preferred Stock means the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock and Series X Preferred Stock.

Junior Preferred Stock means any Preferred Stock to which the Preferred Shares rank prior, in each case, as to dividends, upon liquidation, dissolution or winding up. All Preferred Stock of the Company other than the Preferred Shares shall be Junior Preferred Stock.