Outstanding Preferred Stock definition

Outstanding Preferred Stock means the outstanding shares of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock collectively.

Outstanding Preferred Stock means all shares of Preferred Stock of the Company issued and outstanding as of the Issue Date.

Outstanding Preferred Stock has the meaning ascribed to it in the Recitals.

Examples of Outstanding Preferred Stock in a sentence

• All of the outstanding Shares and shares of Outstanding Preferred Stock have been duly authorized and validly issued and are fully paid and nonassessable and are free of preemptive rights.

• Authorized, Issued, and Outstanding Preferred Stock As of March 31, 2021, the Company had 10,000,000 shares of authorized preferred stock, of which 9,578 shares were designated as Series A Preferred Stock, 1,576 shares were designated as Series B-1 Preferred Stock and 31,480 shares were designated as Series B-2 Preferred Stock.

• The Outstanding Preferred Stock has preference over the Common Stock with respect to the payment of dividends and the distribution of assets in the event of liquidation, dissolution or winding up of the Corporation.

• Except as described under "Outstanding Preferred Stock -- Voting Rights" below, the holders of the Common Stock currently possess exclusive voting rights in the Corporation.

• Notwithstanding the foregoing, the Pricing Committee of the Company's Board of Directors which has been established in connection with the Public Offering may, in their discretion, determine not to exchange the full amount of BIL Securities' Outstanding Preferred Stock prior to commencement of the Public Offering.

More Definitions of Outstanding Preferred Stock

Outstanding Preferred Stock means the average number of shares of Preferred Stock issued and outstanding during the relevant period.

Outstanding Preferred Stock means any shares of the Company's preferred stock, par value $.01 per share, issued and outstanding from time to time.

Outstanding Preferred Stock means the shares of Borrower’s 9¼% Series A Cumulative Preferred Stock and 9¼% Series B Cumulative Preferred Stock issued and outstanding on the Closing Date with an aggregate liquidation preference of approximately $50,050,000.

Outstanding Preferred Stock means the 112,000 outstanding shares of the Company's Series B Convertible Preferred Stock, on which dividends are payable at an annual rate of $4.00 per share on a quarterly basis.

Outstanding Preferred Stock means, at any given time, the aggregate amount of outstanding shares of Preferred Stock, assuming full exercise, conversion or exchange (as applicable) of all options, warrants and other Securities which are convertible into or exercisable or exchangeable for, and any right to subscribe for, shares of Preferred Stock that are outstanding at such time.

Outstanding Preferred Stock has the meaning set forth in Section 2.6(a).

Outstanding Preferred Stock means, collectively, the shares of convertible preferred stock of the Company issued to the Purchasers pursuant to the Prior Purchase Agreements and currently held by such Purchasers as of the date hereof.