Priority Securities definition

Priority Securities is defined in Section 1.03(a).
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Priority Securities means (1) the Registrable Securities and (2) the shares of Common Stock or other securities subject to contractual demand registration rights held by persons or entities who have been granted such rights pursuant to the Wilhelmina Registration Rights Agreement.
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Priority Securities has the meaning assigned to that term in Section 2(a).
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Examples of Priority Securities in a sentence

  • Tencent shall be obligated to buy, and the Company shall be obligated to sell, the Tencent Priority Securities with its own funds or funds from its Controlling shareholders without requiring the prior consent, approval or other discretionary action of any third party, to make the payments required hereunder.

  • Tencent shall have thirty (30) days thereafter to conclude a Transfer of the Tencent Priority Securities at the same price and subject to the same terms and conditions as described in the Tencent Participation Notice.

  • Such waiver and release are part of the consideration for the issuance of the First Priority Securities.

  • Such waiver and release are part of the consideration for the issuance of the Second Priority Securities.

  • The Principal Paying Agent shall arrange with all Paying Agents for the payment, from funds furnished by the Company pursuant to this First Priority Indenture, of the principal of, premium, if any, and interest (including Additional Amounts, if any) on the First Priority Securities and of the compensation of such Paying Agents for their services as such.

  • No direct or indirect stockholder, partner, employee, officer or director, as such, past, present or future, of the Company or any successor entity shall have any personal liability in respect of the obligations of the Company under the First Priority Securities or the First Priority Indenture by reason of his, her or its status as such stockholder, partner, employee, officer or director.

  • First Priority Holders may not enforce the First Priority Indenture or the First Priority Securities except as provided in the First Priority Indenture.

  • This Agreement shall be solely for the benefit of the Pledgee and the holders of First Priority Obligations and First Priority Securities represented thereby, the Pledgor, and no other person or entity shall be a third-party beneficiary hereof.

  • All Second Priority Securities issued upon any registration of transfer or exchange of Second Priority Securities shall be the valid obligations of the Company, evidencing the same debt, and subject to the other provisions of this Section 2.6, entitled to the same benefits under this Indenture, as the Second Priority Securities surrendered upon such registration of transfer or exchange.

  • The First Priority Securities may have notations, legends, or endorsements required by law, stock exchange rule, or usage or the terms hereof.


More Definitions of Priority Securities

Priority Securities means the Optional Securities designated as priority securities in Schedule B hereto. "NON-PRIORITY SECURITIES" shall mean the Optional Securities designated as non-priority securities in Schedule B hereto. Each time for the delivery of and payment for the Optional Securities, being herein referred to as an "Optional Closing Date", which may be the First Closing Date (the First Closing Date and each Optional Closing Date, if any, being sometimes referred to as a "CLOSING DATE"), shall be determined by the Underwriter but shall be not later than five full business days after written notice of election to purchase Optional Securities is given. The Custodian will deliver the Optional Securities being purchased on each Optional Closing Date to the Underwriter, against payment of the purchase price therefor in Federal (same day) funds by official bank check or checks or wire transfer to an account or accounts at a bank(s) acceptable to the Underwriter drawn to the order of the Custodian in amounts relating to the number of Optional Securities being sold by each such Option Selling Shareholder as determined pursuant to the three preceding paragraphs, at the above office of Xxxxxx Xxxxxxxx. The certificates for the Optional Securities being purchased on each Optional Closing Date will be in definitive form, in such denominations and registered in such names as the Underwriter requests upon reasonable notice prior to such Optional Closing Date and will be made available for checking and packaging at the office of Xxxxxx Xxxxxxxx at a reasonable time in advance of such Optional Closing Date.
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Priority Securities has the meaning assigned to that term in SECTION 2(A) of this Agreement.
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Priority Securities means an aggregate of 5,461,500 shares of Common Stock consisting of (i) the 5,200,000 shares of Common Stock that may be issued upon the exercise of 5,200,000 warrants originally sold as part of units in the Company’s initial public offering and (ii) the 261,500 shares of Common Stock that may be issued upon the exercise of 261,500 warrants originally sold in a private placement prior to the Company’s initial public offering.
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Priority Securities shall have the meaning given ------------------- such term in Section 3.1(a)(i) hereof.
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Priority Securities have the meanings set forth in the Registration Rights Agreement.
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Related to Priority Securities

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

  • Security, Securities shall have the meaning set forth in Section 2(1) of the Securities Act;

  • Series A Parity Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests or distributions upon liquidation of the Partnership, ranks pari passu with the Series A Preferred Units.

  • Equity Securities means, with respect to any Person that is a legal entity, any and all shares of capital stock, membership interests, units, profits interests, ownership interests, equity interests, registered capital, and other equity securities of such Person, and any right, warrant, option, call, commitment, conversion privilege, preemptive right or other right to acquire any of the foregoing, or security convertible into, exchangeable or exercisable for any of the foregoing.

  • Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

  • Hybrid Equity Securities means securities issued by Borrower or any subsidiary that (a) are classified as possessing a minimum of (i) “intermediate equity content” by S&P and (ii) “Basket C equity credit” by Moody’s and (b) do not contain any scheduled principal payments or prepayments or any mandatory redemptions or mandatory repurchases prior to the date that is at least 91 days after the latest applicable Maturity Date.

  • Reorganization Securities has the meaning set forth in Section 6.9 hereof.

  • Liquidation Parity Stock means any class or series of stock of the Corporation (other than the Series L Preferred Stock) that ranks equally with the Series L Preferred Stock in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • Parity Shares means the APS and each other outstanding series of Preferred Shares the holders of which, together with the holders of the APS, shall be entitled to the receipt of dividends or of amounts distributable upon liquidation, dissolution or winding up, as the case may be, in proportion to the full respective preferential amounts to which they are entitled, without preference or priority one over the other.

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

  • Series A Junior Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests and distributions upon liquidation of the Partnership, ranks junior to the Series A Preferred Units, including Common Units and Non-Voting Common Units, but excluding any Series A Parity Securities and Series A Senior Securities.

  • Senior Stock means any class or series of stock of the Company now existing or hereafter authorized which has preference or priority over the Series AA Preferred Stock as to the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

  • Parity Stock means any class or series of stock of the Corporation (other than Designated Preferred Stock) the terms of which do not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Corporation (in each case without regard to whether dividends accrue cumulatively or non-cumulatively).

  • First Priority Security Documents means each agreement or document granting or purporting to xxxxx x Xxxx on any Common Collateral to secure First Priority Obligations.

  • Junior Securities means the Common Stock and all other Common Stock Equivalents of the Corporation other than those securities which are explicitly senior or pari passu to the Preferred Stock in dividend rights or liquidation preference.

  • Junior Stock means the Corporation’s common stock and any other class or series of stock of the Corporation hereafter authorized over which Series I Preferred Stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

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

  • Available Securities means the securities of the Funds that are available for Loans pursuant to Section 3.

  • Pari Passu Securities means any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, on parity with the Designated Preferred Stock as to distribution of assets upon liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Lock-Up Securities has the meaning set out in Section 5(l).

  • voting equity securities means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of security has such voting power by reason of any contingency.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • New Equity Interests means the limited liability company

  • Series B Securities means the 11-1/2% Senior Notes due 2007, Series B, of the Company to be issued pursuant to this Indenture in exchange for the Series A Securities pursuant to the Registered Exchange Offer and the Registration Rights Agreement.