Pari Passu Shares definition

Pari Passu Shares has the meaning set forth in Section 9.
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Pari Passu Shares means share(s) in the capital of the Company ranking pari passu as regards income with the Convertible Preference Shares;
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Pari Passu Shares has the meaning set forth in Section 15.
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Examples of Pari Passu Shares in a sentence

  • Subject to the rights of the holders, if any, of the Pari Passu Shares, the Holders shall, as holders of Preferred Stock, be entitled to such dividends paid and distributions made to the holders of Common Stock to the same extent as if such Holders had converted the Preferred Shares into Common Stock (without regard to any limitations on conversion herein or elsewhere) and had held such shares of Common Stock on the record date for such dividends and distributions.

  • The rights of the shares of Common Stock shall be subject to the preferences and relative rights of the Preferred Shares and Pari Passu Shares.

  • Without the prior express written consent of the holders of not less than three-fourths (3/4) of the then outstanding Preferred Shares and Pari Passu Shares, the Company shall not hereafter authorize or issue additional or other capital stock that is of senior or equal rank to the Preferred Shares and Pari Passu Shares in respect of the preferences as to distributions and payments upon the liquidation, dissolution and winding up of the Company.

  • In the event that any Purchaser shall sell or otherwise transfer any of such Purchaser's Preferred Shares and Pari Passu Shares, the transferee shall be allocated a pro rata portion of such Purchaser's Cap Allocation Amount.

  • So long as any shares of Series A Preferred are outstanding, the Corporation shall not, without first obtaining the unanimous written consent of the holders of Series A Preferred, (i) alter or change the rights, preferences or privileges of the Series A Preferred so as to affect adversely the holders of Series A Preferred or (ii) create Pari Passu Shares or Senior Shares.

  • In the event of the merger or consolidation of the Company with or into another corporation (other than a Major Transaction), the Preferred Shares and Pari Passu Shares shall maintain their relative powers, designations and preferences provided for herein and no merger shall result inconsistent therewith.

  • The rights of the shares of Common Stock and all other series of preferred stock (other than Senior Securities and Pari Passu Shares) shall be subject to the preferences and relative rights of the Preferred Shares.

  • All shares of Common Stock and all other series of preferred stock (other than Senior Securities and Pari Passu Shares) shall be of junior rank to all Preferred Shares with respect to the preferences as to distributions and payments upon Liquidation.

  • Except with respect to any Pari Passu Shares that the Company may issue from time to time pursuant to Section 5, all Series A Preferred Shares shall be of senior rank to all Junior Shares in respect to the preferences as to dividends and distributions and payments upon the liquidation, dissolution or winding up of the Company.

  • So long as any shares of Series F Preferred are outstanding, the Corporation shall not, without first obtaining the unanimous written consent of the holders of Series F Preferred, (i) alter or change the rights, preferences or privileges of the Series F Preferred so as to affect adversely the holders of Series F Preferred or (ii) create Pari Passu Shares or Senior Shares.


More Definitions of Pari Passu Shares

Pari Passu Shares means any class or series of capital shares, the terms of which provide that such class or series ranks on a parity basis to the Series B Convertible Preferred Stock as to dividends, distributions, redemptions or payments upon the liquidation, dissolution and winding up of the Company.
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Pari Passu Shares means share(s) ranking pari passu as regards income with the Convertible Preference Shares;
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Pari Passu Shares means the shares of other classes or series of preferred stock of the Company, if any, that are of equal rank with the Preferred Shares as to payments of funds in the event of a liquidation of the Company.
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Related to Pari Passu Shares

  • Pari Passu Indebtedness means (1) with respect to the Issuer, any Indebtedness that ranks pari passu in right of payment to the Notes; and (2) with respect to the Guarantors, any Indebtedness that ranks pari passu in right of payment to such Guarantor’s Note Guarantee.

  • Pari Passu Intercreditor Agreement means an intercreditor agreement among the Administrative Agent and the other parties from time to time party thereto, substantially in the form of Exhibit I.

  • Pro Rata and Pari Passu Basis means with respect to the Notes and the Note Holders, the allocation of any particular payment, collection, cost, expense, liability or other amount between such Notes or such Note Holders, as the case may be, without any priority of any such Note or any such Note Holder over another such Note or Note Holder, as the case may be, and in any event such that each Note or Note Holder, as the case may be, is allocated its respective Percentage Interest of such particular payment, collection, cost, expense, liability or other amount.

  • Parity Securities has the meaning specified therefor in Section 2.02(b) of this Agreement.