New Senior Preferred Stock definition

New Senior Preferred Stock means the new series of senior preferred stock, senior to the New Junior Preferred Stock and to the New Common Stock, of the Reorganized Debtor.
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New Senior Preferred Stock. (both as defined in the "Stockholders Agreement" (as defined below)), (ii) the holders (the "Junior Holders", and with the Senior Holders, collectively, the "Holders") of all of the issued and outstanding shares of the Company's "Junior Preferred Stock" (as defined in the Stockholders Agreement), (iii) the "Initial Management Investors" (as defined in the Stockholders Agreement), and (iv) the Company. Terms not otherwise defined herein shall have the meanings given in that certain amended and restated stockholders agreement dated as of December 22, 1994 by and among the parties hereto, including the amended and restated registration rights provisions (the "Registration Rights Provisions") attached as Exhibit A thereto (collectively, as heretofore amended, the "Stockholders Agreement").
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New Senior Preferred Stock means Series A cumulative perpetual preferred stock, par value $0.01 TABLE OF CONTENTS Page per share, of New Senior.
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Examples of New Senior Preferred Stock in a sentence

  • If, however, the New Senior Preferred Stock are to be issued to a person other than the registered holder, then endorsements of any certificates transmitted hereby or separate bond powers are required.

  • The holders of New Common Stock will vote as a single class, and each share of New Common Stock will be entitled to one vote in all matters to be voted on by the holders of the New Common Stock; provided, however, that the holders of the shares of New Senior Preferred Stock and New Junior Preferred Stock shall be entitled to vote with the holders of New Common Stock (as a single class) on all matters submitted to a vote of the stockholders of the Reorganized Debtor.

  • The New Senior Preferred Stock, upon the due issuance and delivery thereof, will be validly issued, fully paid and nonassessable.

  • To the extent any holder would be entitled to a fractional denomination of New Senior Preferred Stock, New Junior Preferred Stock and New Common Stock, but for this provision, the denomination of New Senior Preferred Stock, New Junior Preferred Stock and New Common Stock to be issued to such holder shall be rounded downward to eliminate any fractional amount.

  • In addition, delivery of New Senior Preferred Stock to such tendering holder may be subject to backup withholding in an amount equal to 31% of all reportable payments made after the exchange.

  • Reorganization Securities means the New Senior Secured Notes, the New Senior Preferred Stock, the New Junior Preferred Stock, the New Common Stock and the New Warrants.

  • On the Effective Date, the holder of the Allowed TransTexas Senior Secured Note Claims shall receive on account of its Allowed TransTexas Senior Secured Note Claims: (i) all of the New Senior Secured Notes; (ii) all of the New Senior Preferred Stock; (iii) all of the New Junior Preferred Stock; (iv) all of the New Common Stock; (v) all of the New Warrants; and (vi) an amount in Cash equal to the Maximum GUC Cash Amount.

  • Tendering holders of Old Senior Preferred Stock should indicate in the applicable box the name and address to which New Senior Preferred Stock issued pursuant to the Exchange Offer are to be issued or sent, if different from the name or address of the person signing this Letter.

  • The New Senior Preferred Stock has been duly and validly authorized by WRC Media Inc.

  • The CIT First Lien Lender Claims shall receive the (a) obligation to be evidenced by the New Senior Secured Credit Facility (in the principal amount of $10 million), and (b) shares of New Senior Preferred Stock in an amount sufficient to liquidate the balance of the Class 4(a) Claims (based on the liquidation preference of the entire New Senior Preferred Stock issue of $23.5 million), in full satisfaction of the CIT First Lien Lender Claims.


More Definitions of New Senior Preferred Stock

New Senior Preferred Stock shall have the meaning ascribed to it in Section 2.77 of the Plan of Reorganization. Directors shall determine that Executive is unable to carry out his duties under this Agreement because of a disabling illness or injury including chronic alcoholism or substance abuse. Any act, or failure to act, taken or omitted in accordance with express instructions given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. Except as provided in Section 5(b) below, Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.
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Related to New Senior Preferred Stock

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

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

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

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

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

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

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.001 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

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

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Qualified Preferred Stock means any preferred capital stock of Holdings or the Lead Borrower so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date at as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings or the Lead Borrower, as applicable, to opt to make payment solely) in the form of common Equity Interests or Qualified Preferred Stock of Holdings or the Lead Borrower, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings or the Lead Borrower, as applicable, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or the Lead Borrower, as applicable, or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings or the Lead Borrower the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in a Default or Event of Default hereunder.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

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

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.