Parent Preferred definition

Parent Preferred has the meaning assigned in Section 5.2.

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Parent Preferred means the shares of Series C Preferred Stock, par value $.01 per share, liquidation value of $100 per share, issued by the Guarantor.

Parent Preferred shall have the meaning given to such term in the definition of “Maturity Date”.

Examples of Parent Preferred in a sentence

• As of the date hereof, no shares of Parent Preferred Stock were issued or outstanding.

• All shares of Parent Common Stock and Parent Preferred Stock subject to issuance as aforesaid, upon issuance on the terms and conditions specified in the instrument pursuant to which they are issuable, will be duly authorized, validly issued, fully paid and nonassessable.

• As of the date of this Agreement, no shares of Parent Preferred Stock are issued and outstanding.

• As of the date hereof, no shares of Parent Preferred Stock were issued and outstanding.

• As of the date hereof, no shares of Parent Preferred Stock are issued and outstanding.

• All of the outstanding Parent Common Stock and Parent Preferred Shares have been duly authorized and are validly issued, fully paid and nonassessable.

• Each of the Company and Parent shall take all reasonably necessary action on its part such that the issuance of Parent Common Stock Payment Shares and Parent Preferred Stock Payment Shares pursuant to this Agreement constitutes a transaction exempt from registration under the Securities Act in compliance with Rule 506 of Regulation D promulgated thereunder.

• For as long as any Parent Preferred Stock Payment Shares remain outstanding, Parent shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued Parent Common Stock or shares of Parent Common Stock held in treasury by Parent, for the purpose of effecting the conversion of the Parent Preferred Stock Payment Shares, the full number of shares of Parent Common Stock then issuable upon the conversion of all Parent Preferred Stock Payment Shares then outstanding.

• All shares of Parent Common Stock delivered upon conversion of the Parent Preferred Stock Payment Shares shall be newly issued shares or shares held in treasury by Parent, shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and shall be free from preemptive rights and free of any Encumbrance.

• As of the date hereof, the authorized capital stock of Parent consists of 90,000,000 shares of Parent Common Stock and 10,000,000 shares of Parent Preferred Stock.

More Definitions of Parent Preferred

Parent Preferred means, collectively, Parent’s Class A Preferred Stock, Class B Preferred Stock, Class C Preferred Stock and any other class of preferred Equity Interests issued by the Parent.

Parent Preferred has the meaning set forth in Section 4.2(f) below.

Parent Preferred means the Series C Preferred Stock, Liquidation Amount $100 per share, of ▇▇▇▇▇▇▇▇ initially issued on the date of this Indenture.

Parent Preferred has the meaning ascribed to it in Section 3.2.

Parent Preferred means the 12 5/8% Series C Preferred Stock, par value $.01 per share, of ▇▇▇▇▇▇▇▇, Liquidation Amount of $100 per share, to be issued by ▇▇▇▇▇▇▇▇ to KDSM, Inc.