Preference Rights definition

Preference Rights shall have the meaning set forth in Section 12.3(a).
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Preference Rights means any right or agreement that enables or may enable any Person to purchase, acquire, or otherwise encumber shares of Company Common Stock or Company Preferred Stock or any Property of the Company of its Subsidiaries, or any interest therein or in a portion thereof, as a result of or in connection with any sale, assignment, encumbrance, or other transfer of any interest in shares of Company Common Stock or Company Preferred Stock or the Properties of the Company or its Subsidiaries.
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Preference Rights means those potential preference rights of action arising under Section 547 of the Bankruptcy Code against Persons who received transfers on or within ninety (90) days before the Petition Date and (a) have not been released by the Debtors under this Plan or by separate agreement; and (b) are not insiders (as such term is defined in the Bankruptcy Code).
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Examples of Preference Rights in a sentence

  • Buyer is purchasing the Properties subject to all Preference Rights.

  • The Seller, the Depositor, the Servicer and the Holders of the Offered Certificates and the Class M-10 and Class M-11 Certificates by their acceptance of such Certificates acknowledge and agree that the Securities Administrator shall execute, deliver and perform its obligations under the Swap Agreement and shall do so solely in its capacity as Securities Administrator of the Supplemental Interest Trust and not in its individual capacity.

  • Within ten days after the date of this Agreement, Seller shall, subject to Buyer’s prior review of Seller’s consent request letters and Preference Right waiver request letters, initiate all procedures which are reasonably required to comply with or obtain the waiver of all Preference Rights and Transfer Requirements with respect to the Transactions.

  • Subject to subsection (c), the Preference Claim Litigation Trust, through the Litigation Trust Committee, shall be authorized, and shall have the power, to prosecute, settle or waive, in its sole discretion, the Preference Rights, without further order of the Bankruptcy Court.

  • The Litigation Trust Committee shall not prosecute or otherwise pursue, formally or informally, the Preference Rights against particular creditors if such prosecution or pursuit would directly or indirectly harm the businesses or the value of any of the Reorganized Debtors.

  • Except as otherwise provided in the Plan or the Confirmation Order, or in any contract, instrument, release, indenture, or other agreement entered into in connection with the Plan, in accordance with Section 1123(b) of the Bankruptcy Code, on the Effective Date, each Debtor or Reorganized Debtor shall retain all of their respective Litigation Rights that such Debtor or Reorganized Debtor may hold against any Person (other than as to the Preference Rights as set forth in Section 6.14 of the Plan).

  • Seller shall use its Reasonable Best Efforts to obtain all applicable consents and to obtain waivers of applicable Preference Rights.

  • On the Effective Date, the Preference Claim Litigation Trust shall be formed and shall be appointed as the representative of the Estates under Section 1123(b) of the Bankruptcy Code for the purpose of pursuing the Preference Rights, which shall be transferred and assigned by the Debtors to the Preference Claim Litigation Trust, as of the Effective Date.

  • Prior to any such prosecution or pursuit, the Litigation Trust Committee shall give the Reorganized Debtors written notice identifying the creditors against which the Preference Claim Litigation Trust intends to prosecute or otherwise pursue the Preference Rights, and the Reorganized Debtors shall be provided a reasonable opportunity and timeframe in which to object and to be heard as to why such prosecution or pursuit against particular creditors should not occur.

  • Other than the pursuit of Preference Rights as set forth in Section 6.14 of the Plan, each Debtor or Reorganized Debtor shall retain and may enforce, sue on, settle, or compromise (or decline to do any of the foregoing) all such Litigation Rights.


More Definitions of Preference Rights

Preference Rights means any right or agreement that purports to enable any Person to purchase, acquire, or otherwise encumber any Company Common Stock, Company Preferred Stock, Subsidiary Common Stock, or Property, or any interest therein or in a portion thereof, as a result of or in connection with any sale, assignment, encumbrance, or other transfer of any Company Common Stock, Company Preferred Stock, Subsidiary Common Stock or Property, or any interest therein.
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Preference Rights means, in relation to any or all Preference Right Agreements, all of the rights and interests of the Chargor thereunder, whether express or implied, arising by operation of any applicable law or otherwise howsoever;
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Preference Rights as used in this Agreement shall mean the right of the holders of Profit Certificates or Class B Limited Liability Partner Interests (or such other Partner Interest held by such holders pursuant to Article 4.6.10 ("Investor Holders"), prior to or upon the occurrence of a Major Capital Event or Exit Event, to receive distributions made by the Company to Partners (including dividends resulting from a Major Capital Event or an Exit Event, capital redemptions, repayment of debt and liquidating distributions), in the following priority (and subject to the provisions of Article 4.8.2 below) :
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Preference Rights means any preferential right to purchase, right of first refusal, or other agreement which grants to any person the right to acquire any of the Assets or an interest in any of the Assets as a result of or in connection with (i) the sale, assignment, encumbrance or other transfer of any of the Assets or any interest therein or portion thereof, or (ii) the execution or delivery of this Agreement or the consummation or performance of the terms and conditions contemplated by this agreement. As used herein the term "Transfer Requirement" means any consent, approval, waiver, authorization, filing or notification with, from or to any person which must be obtained made or complied with in connection with the transactions contemplated by this Agreement in order for (1) such transactions to be effective, or (2) to prevent any termination of any interest in any of the Assets; provided however, the term "Transfer Requirements" shall not include any required consents or approvals of any governmental agency in connection with the assignment of any of the Assets if such consents or approvals are customarily obtained after closings of transactions of this nature.
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Preference Rights means a right of first refusal, preferential right to purchase, pre-emptive right of purchase or similar right whereby a Third Party has the right to acquire or purchase a portion of the Oil Producing Properties as a consequence of Seller having agreed to sell the Oil Producing Properties to Buyer in accordance with the terms of this Agreement.
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Preference Rights shall have the meaning as set forth in the definition of "Permitted Encumbrances" above.
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Related to Preference Rights

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • Series A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

  • 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.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

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

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

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

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

  • Series A or “Series A Equipment Notes” means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Series C Preferred means all shares of the Series C Preferred Stock, $0.001 par value per share, of the Company.

  • Series A Liquidation Preference means $25.00 per Series A Preferred Mirror Unit. The Series A Liquidation Preference shall be the “Liquidation Preference” with respect to the Series A Preferred Mirror Units.

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

  • Preference Share means a preference share of a par value of US$0.0001 in the share capital of the Company.

  • Series A Stock means the Company's Series A Convertible Redeemable Preferred Stock, par value $.005 per share.

  • Series A Preferred Shares means the Series A 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.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

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

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

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

  • 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.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

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

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).