Pari Passu Preferred Stock definition

Pari Passu Preferred Stock means the Series C Preferred Stock and Series B Convertible Preferred, in each case as defined in the Master Transaction Agreement.
Sample 1Sample 2Sample 3
Pari Passu Preferred Stock means the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock and any other series of Preferred Stock of the Corporation hereafter designated that ranks equal (but not senior or junior) to the Series A Preferred Stock with respect to the right to receive dividends, Distributions or proceeds in a liquidation, dissolution or winding up of the Corporation.
Sample 1
Pari Passu Preferred Stock means preferred stock of the Corporation which by its terms is equal in right of payment to the Corporation’s obligations under the Senior Preferred Stock.
Sample 1Sample 2Sample 3

Examples of Pari Passu Preferred Stock in a sentence

  • Any holder of Pari Passu Preferred Stock so designated shall have access to the stock books of the Corporation for the purpose of causing meetings of holders of Pari Passu Preferred Stock to be called pursuant to these provisions.

  • A special meeting for the exercise of such rights shall be called by the Secretary of the Corporation as promptly as possible, and in any event within ten days after receipt of a written request signed by the holders of record of at least 10% of the outstanding shares of Pari Passu Preferred Stock, in each case by sending written notice of such meeting to each holder of Pari Passu Preferred Stock at such holder's registered address on the books of the Corporation.

  • At such meeting, the presence in person or by proxy of the holders of a majority of the outstanding shares of Pari Passu Preferred Stock shall be required to constitute a quorum; in the absence of a quorum, a majority of the holders present in person or by proxy shall have the power to adjourn the meeting from time to time without notice, other than announcement at the meeting, until the quorum shall be present.

  • Any vacancy caused by the death or resignation of a Preferred Director may be filled only by the holders of Pari Passu Preferred Stock at a meeting called for such purpose.

  • Voting rights under paragraph 6.2. may be initially exercised either at a special meeting of the holders of Pari Passu Preferred Stock or at any annual stockholders' meeting.

  • Any director who shall have been elected by the holders of Pari Passu Preferred Stock may be removed at any time, either for or without cause, by, and only by, an affirmative vote of the holders of record of a majority of the Pari Passu Preferred Stock, given at a special meeting of such stockholders called for such purpose, and any vacancy created by such removal may also be filled at such meeting.

  • Any meeting of the holders of the Pari Passu Preferred Stock for the purposes of voting as a class for the election or removal of directors may be held within or without the State of Delaware, at a place suitable for such meeting of holders, or if such action is taken in conjunction with an annual stockholders' meeting, at the location of such annual stockholders' meeting.

  • In addition, notwithstanding anything to the contrary in this Section 5, any redemption of the Series A Preferred Stock pursuant to this Section 5(a) shall be subject to the redemption rights of any Pari Passu Preferred Stock.

  • The Series C Preferred Stock shall rank equal to the issued and outstanding shares of Pari Passu Preferred Stock with respect to the right to receive dividends, Distributions or proceeds in a liquidation, dissolution or winding up of the Corporation.

  • The giving of such notice shall constitute the only obligation of the Corporation pursuant to this paragraph 6.4. 6.5. Any vacancy caused by the death or resignation of a Preferred Director may be filled only by the holders of Pari Passu Preferred Stock at a meeting called for such purpose.


More Definitions of Pari Passu Preferred Stock

Pari Passu Preferred Stock means the 14¼% Preferred as defined in the Master Transaction Agreement.
Sample 1Sample 2Sample 3
Pari Passu Preferred Stock means collectively, the Series B Convertible Preferred and the Series C Convertible Preferred. “Parity Securities” has the meaning ascribed to it in paragraph (b) hereof.
Sample 1Sample 2Sample 3
Pari Passu Preferred Stock means the Series E-1 Convertible Preferred as defined in the Master Transaction Agreement.
Sample 1Sample 2Sample 3
Pari Passu Preferred Stock means collectively, (i) Series B Convertible Preferred, (ii) Series C Preferred Stock and (iii) Series C Convertible Preferred (in the case of (ii) and (iii), as defined in the Master Transaction Agreement).
Sample 1

Related to Pari Passu Preferred Stock

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

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

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

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

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

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

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

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

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

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

  • Series D Preferred Stock means shares of the Company’s Series D 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.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • 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.

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

  • 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 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.

  • Designated Preferred Stock means Preferred Stock of the Company or any direct or indirect parent of the Company (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof.

  • Series E Preferred Shares means the Series E 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.

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

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

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

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