Redeemable Preferred Stock definition

Redeemable Preferred Stock of any Person means any preferred stock issued by such Person which is at any time prior to the Termination Date either (i) mandatorily redeemable (by sinking fund or similar payments or otherwise) or (ii) redeemable at the option of the holder thereof.

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Redeemable Preferred Stock means preferred stock that by its terms or otherwise is required to be redeemed or is redeemable at the option of the holder thereof on, or prior to, the maturity date of the Senior Notes.

Redeemable Preferred Stock means shares of the Borrower’s preferred stock which by its terms requires or permits the Borrower to redeem such shares.

Examples of Redeemable Preferred Stock in a sentence

For the avoidance of doubt, from and after the occurrence of the Termination Date, the Company shall have the right to commence and undertake preparations to commence a public offering of Units, Warrants, Series A Redeemable Preferred Stock, any other class or series of preferred stock of the Company or any securities that are similar to any of the foregoing.
Pursuant to the authority conferred by this Article IV, the 6.375% Series A Cumulative Redeemable Preferred Stock is hereby provided for, with the number of shares to be included in such series, and the designation, powers, preferences and rights, and qualifications, limitations or restrictions thereof fixed as stated and expressed in Exhibit B attached hereto and incorporated herein by reference.
For example, if in 1997 revenues were $ * EBITD was $ * and the Redeemable Preferred Stock was redeemed in full, three tranches of shares (60%) would vest, with one tranche vesting as of the redemption date and two tranches vesting as of December 31, 1997.
Redemption prior to December 3, 1998 of the Company's Redeemable Preferred Stock (or Convertible Preferred Stock) for a cash payment in the amount of not less than $10 million plus all accumulated and unpaid dividends.
Of the authorized shares of Preferred Stock, 250 are designated as Redeemable Preferred Stock, of which 171.01449 shares are outstanding.

More Definitions of Redeemable Preferred Stock

Redeemable Preferred Stock of any Person means any preferred stock issued by such Person which is at any time prior to the Maturity Date either

Redeemable Preferred Stock means the Company's Redeemable Preferred Stock, par value $.01 per share.

Redeemable Preferred Stock of any Person means any equity interest of such Person that by its terms (or by the terms of any equity interest into which it is convertible or for which it is exchangeable), or otherwise (including on the happening of an event), is required to be redeemed for cash or other property or is redeemable for cash or other property at the option of the holder thereof, in whole or in part, on or prior to the Termination Date; or is exchangeable for Indebtedness at any time, in whole or in part, on or prior to the Termination Date; provided that Redeemable Preferred Stock shall not include any equity interest by virtue of the fact that it may be exchanged or converted at the option of the holder or of the Company for equity interests of the Company having no preference as to dividends, distributions or liquidation over any other equity interests of the Company.

Redeemable Preferred Stock means the Borrower’s currently outstanding 1,586,620 shares of Series B convertible redeemable preferred stock that is subject to mandatory redemption on January 1, 2024 (the “Series B Redeemable Preferred Stock”), and 1,320,850 shares of Series C convertible redeemable preferred stock that is subject to mandatory redemption on January 1, 2026 (the “Series C Redeemable Preferred Stock”).

Redeemable Preferred Stock. Any preferred stock issued by a Person which is at any time prior to the Maturity Date either (i) mandatorily redeemable (by sinking fund or similar payments or otherwise) or (ii) redeemable at the option of the holder thereof.

Redeemable Preferred Stock means, for any Person, any preferred stock issued by such Person which is at any time prior to the Commitment Termination Date either (i) mandatorily redeemable (by required sinking fund or similar payments or otherwise) or (ii) redeemable at the option of the holder thereof.

Redeemable Preferred Stock has the meaning set forth in Section 1 hereof.