Preferred Rights definition

Preferred Rights means outstanding Rights to acquire Junior Participating Cumulative Preferred Stock of PhyAmerica under the Rights Agreement between PhyAmerica and First Union National Bank (now Wachovia Bank) dated as of February 26, 1995 and as subsequently amended (the "Rights Agreement").
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Preferred Rights means the preferential rights attached to the Class A Shares pursuant to the by-laws of the Company, which consist in the right of all of the Class A Shares to receive all amounts distributed by the Company as capital distributions pursuant to a resolution of capital reduction passed by the shareholders meeting of the Company, up to US$ 41,440,000, excluding therefore other Shares from such distributions.
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Examples of Preferred Rights in a sentence

  • Modavox will relinquish its seat on the Newco Board of Directors and lose rights to the corresponding majority governance Control Provisions but shall gain any and all rights and privileges available to the next round of Newco equity investors, anticipated to be Series A Preferred Rights.

  • Each Common Share issued pursuant to a Terms Agreement referred to in Section 3, upon conversion of Preferred Shares or Depositary Shares or upon exercise of a Warrant will include one preferred share purchase right (the "Junior Preferred Rights") entitling the holder thereof to purchase, under certain circumstances, one one-thousandth of a share of Series A Junior Participating Preferred Stock, par value $1.60 per share, of the Company, subject to adjustment.

  • Any Convertible Preferred Units acquired by the General Partner pursuant to an exercise by any Limited Partner of the Convertible Preferred Rights shall be deemed to be acquired by and reallocated or reissued to the General Partner.

  • The General Partner does hereby grant to any Limited Partner holding Series C Preferred Units the right (hereinafter such right sometimes referred to as the "Series C Preferred Rights"), to exchange all or a portion of their Series C Preferred Units on the terms and subject to the conditions and restrictions contained in EXHIBIT D.

  • The Junior Preferred Rights are to be issued pursuant to a Rights Agreement dated as of February 13, 2002, between the Company and Mellon Investor Services LLC, as rights agent.

  • The Buyer shall not (i) amend the Rights Agreement or (ii) take any action with respect to, or make any determination under, the Rights Agreement (including a redemption of the Preferred Rights) with the purpose of facilitating a Buyer Acquisition proposal.

  • The Junior Preferred Rights are to be issued pursuant to a Rights Agreement dated as of August 31, 2000, between the Company and ChaseMellon Shareholder Services LLC, as rights agent.

  • Except for the UST Option Agreement and rights ("UST Preferred Rights") to purchase UST Preferred Stock issued pursuant to the Rights Agreement (the "UST Rights Agreement") dated as of September 1, 1995, between UST and First Chicago Trust Company of New York, as Rights Agent, and except as provided below, UST does not have and is not bound by any UST Rights.

  • The General Partner does hereby grant to any Limited Partner holding Convertible Preferred Units the right (hereinafter such right sometimes referred to as the "Convertible Preferred Rights"), to exchange all or a portion of its Convertible Preferred Units on the terms and subject to the conditions and restrictions contained in EXHIBIT F.

  • Except for the Company's Existing Options, the Company Preferred Rights, and the Company Preferred Shares, there are no options, warrants, conversion rights or other rights to subscribe for or purchase, or other contracts with respect to, any capital stock of the Company and there are no outstanding or authorized stock appreciation, phantom stock, profit participation, or similar rights with respect to the Company.