Preferred Stock Designee definition

Preferred Stock Designee means the person appointed by the holders of at least 75% in interest of the Preferred Stock voting together as a class. In the event the Preferred Stockholders elect not to appoint a Preferred Stock Designee, then references to the Preferred Stock Designee shall be deemed references to the Preferred Stockholders and action to be taken by the Preferred Stock Designee may be taken by the holders of at least 75% in interest of the Preferred Stock, voting together as a class.
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Preferred Stock Designee shall have the meaning ascribed ------------------------ thereto in Section 4.6(a).
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Preferred Stock Designee means a director designated in writing by the Initial Purchaser to serve on the Board of Directors of the Corporation and shall include any Preferred Stock Replacement Designee. (e) "Preferred Stock Period" means the period commencing on the Effective Date and ending (i) for purposes of Sections 10.1 and 10.2 the date after the Closing on which the Initial Purchaser first fails to own, directly or indirectly, at least 50% of the shares of Common Stock and Series B Junior Preferred Stock of the Corporation that the Initial Purchaser directly or indirectly owned immediately after the Closing (as defined in the Investment Agreement) (the "Initial Termination Date") and (ii) for purposes of Sections 10.3, 10.4 and 10.5, the 18 month anniversary of the Initial Termination Date. (f) "Shareholder Approval" means the approval by shareholders of the Corporation of full voting and conversion rights with respect to the Preferred Stock as contemplated by the Investment Agreement.
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Examples of Preferred Stock Designee in a sentence

  • Upon conversion of the Convertible Preferred Stock, the Convertible Preferred Stock Director Designee then serving on the Corporation’s board of directors shall continue in such capacity as the Redeemable Preferred Stock Designee.

  • Upon conversion of the Convertible Preferred Stock, the Convertible Preferred Stock Director Designee then serving on the Corporation's board of directors shall continue in such capacity as the Redeemable Preferred Stock Designee.

  • The Company maintains a directors' and officers' insurance policy with both the National Union Fire Insurance Company and the Federal Insurance Company (complete and correct copies of which have previously been delivered to the Purchasers), which will both, upon the election or appointment of either the Preferred Stock Designee or the Purchaser's Designee, include such designee as a covered person.

  • Xxxxx and one Preferred Stock Designee; Class II directors will consist of an Independent Director who is a Corporation Designee, initially Xxxxxx X.

  • Upon conversion of the Convertible Stock, the holder or holders of not less than a majority in voting power of the outstanding Series A Redeemable Preferred Stock shall designate one of the Convertible Stock Director Designees then serving on the Corporation's board of directors to continue in such capacity as the Series A Redeemable Preferred Stock Designee.

  • For so long as the Purchasers and their Affiliates, as holders of the Preferred Stock and Warrants maintain ownership at the Ownership Threshold, shall have the right under this Agreement and the Certificate of Designation to designate the Preferred Stock Designee, TWCP shall have the right, separately enforceable by it without further action required or permitted by any of the Purchasers or their Affiliates, to designate such Preferred Stock Designee.

  • The Board shall establish a Compensation Committee comprised of three (3) individuals and shall include the Independent Director, one of the Series A Preferred Stock Designees, who, for so long as Planet Zanett shall be entitled hereunder to appoint a Series A Preferred Stock Designee, shall be the Series A Preferred Stock Designee nominated by Planet Zanett, and a Board member designated by the Board members elected by a majority of the holders of the Company's Common Stock.

  • In no event shall an Overadvance Loan be made that would cause the outstanding Facility Exposure to exceed the aggregate Commitments.

  • The Board shall establish an Audit Committee comprised of three (3) individuals and shall include the Independent Director, one of the Series A Preferred Stock Designees, who, for so long as Planet Zanett shall be entitled hereunder to appoint a Series A Preferred Stock Designee, shall be the Series A Preferred Stock Designee nominated by Planet Zanett, and a Board member designated by the Board members elected by a majority of the holders of the Company's Common Stock.

  • We save time and energy through integrated services that match user needs, and offer optimum distribution to international businesses.

Related to Preferred Stock Designee

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of the Company or any Restricted Subsidiary held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum statutory consolidated federal, state and local income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of the Preferred Stock.

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

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

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

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

  • Standard Preferred Stock means the shares of a series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.

  • 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.

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

  • 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 $0.0001 per share.

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

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

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

  • Certificate of Incorporation means the certificate of incorporation of the Company, as may be amended and/or restated from time to time.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

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

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

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, 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 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.

  • Prohibited Preferred Stock means any Preferred Stock that by its terms is mandatorily redeemable or subject to any other payment obligation (including any obligation to pay dividends, other than dividends of shares of Preferred Stock of the same class and series payable in kind or dividends of shares of common stock) on or before a date that is less than 1 year after the Maturity Date, or, on or before the date that is less than 1 year after the Maturity Date, is redeemable at the option of the holder thereof for cash or assets or securities (other than distributions in kind of shares of Preferred Stock of the same class and series or of shares of common stock).

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

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

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

  • Company Preferred Stock means the Preferred Stock, par value $0.001 per share, of the Company.