Outstanding Preferred Shares definition

Outstanding Preferred Shares means Series A Convertible Preferred Shares, Series D Convertible Preferred Shares, Series E Convertible Preferred Shares issued by the Company, and Series F Convertible Preferred Shares issued by the Company, which are outstanding and superior to the Preferred Shares in dividend rights or liquidation preference.

Outstanding Preferred Shares means Series A Convertible Preferred Shares, Series D Convertible Preferred Shares, Series E Convertible Preferred Shares, and Series F Convertible Preferred Shares issued by the Company that are outstanding at the time of liquidation as of the date of this Agreement.

Outstanding Preferred Shares has the meaning set forth in Section 2.6(e).

Examples of Outstanding Preferred Shares in a sentence

• For purposes of the foregoing, "majority of the Outstanding Preferred Shares" means (i) 67% or more of such shares present at a meeting, if the holders of more than 50% of such shares are present or represented by proxy, or (ii) more than 50% of such shares, whichever is less.

• The affirmative vote of the holders of a "majority of the Outstanding Preferred Shares," including VRDP Shares, voting as a separate class, shall be required to approve any action not described in the first sentence of this Section 5(c)(ii) requiring a vote of security holders of the Fund under Section 13(a) of the 1940 Act.

• Subject to paragraph 6(b), the holders of outstanding capital shares of the Trust, including the Holders of Outstanding Preferred Shares, including the Series B Preferred Shares, voting as a single class, shall elect the balance of the trustees.

• All of the Outstanding Preferred Shares shall be represented by one certificate registered in the name of the nominee of the Securities Depository.

• With respect to any of the (i) Notes as of any date, the aggregate principal amount of such Notes Outstanding (including any Deferred Interest previously added to the principal amount that remains unpaid) on such date, and (ii) Preferred Shares, the notional amount represented by such Outstanding Preferred Shares, assuming a notional amount of $1,000 per share.

More Definitions of Outstanding Preferred Shares

Outstanding Preferred Shares means, as of any date, Preferred Shares theretofore issued by the Trust except, without duplication, (i) any Preferred Shares theretofore canceled, redeemed or repurchased by the Trust, or delivered to the Auction Agent for cancellation or with respect to which the Trust has given notice of redemption and irrevocably deposited with the Paying Agent sufficient funds to redeem such Preferred Shares and (ii) any Preferred Shares represented by any certificate in lieu of which a new certificate has been executed and delivered by the Trust. Notwithstanding the foregoing, (A) for purposes of voting rights (including the determination of the number of Preferred Shares required to constitute a quorum), any Preferred Shares of which any Affiliate of the Trust shall be the Existing Holder shall be disregarded and not deemed outstanding; (B) in connection with any Auction, any Preferred Shares as to which any Person known to the Auction Agent to be an Affiliate of the Trust shall be the Existing Holder thereof shall be disregarded and deemed not to be outstanding; and (C) for purposes of determining the ARPS Basic Maintenance Amount, Preferred Shares held by any Affiliate of the Trust shall be deemed outstanding.

Outstanding Preferred Shares means the aggregate number of shares of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, and Junior Preferred Stock issued and outstanding as of immediately prior to the Closing.

Outstanding Preferred Shares each an "Outstanding Preferred Share" shall mean the Preferred Shares issued and outstanding immediately prior to the Effective Time (other than Preferred Shares owned beneficially by the Buyer or the Transitory Subsidiary, Dissenting Shares and Preferred Shares held in the Company's treasury).

Outstanding Preferred Shares means the vote at an annual or special meeting duly called of (i) sixty-seven percent (67%) or more of such shares present at a meeting, if the Holders of more than fifty percent (50%) of such shares are present or represented by proxy at such meeting, or (ii) more than fifty percent (50%) of such shares, whichever is less.

Outstanding Preferred Shares means the Outstanding Series A Preferred Shares.

Outstanding Preferred Shares means the number of Preferred Shares outstanding immediately prior to the Effective Time of the Merger.

Outstanding Preferred Shares means the issued and outstanding preferred shares of the Company as of the date of this Agreement.