Seller Preferred definition

Seller Preferred means the $7,000,000 face amount of Borrower's redeemable preferred membership interests issued on the Issue Date.
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Seller Preferred shall have the meaning given to such term in the recitals to this Agreement.
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Seller Preferred means the preferred stock having a $50,000,000 aggregate liquidation/preference value issued on the Closing Date to the Seller by the Borrower pursuant to the terms of the Acquisition Agreement.
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Examples of Seller Preferred in a sentence

  • The Seller has no shares of Seller Common Stock or Seller Preferred Stock reserved for issuance other than as described above.

  • Seller Preferred Upgrade (must be chosen at time of listing): includes Heating systems (including heat pumps or steam or hot water heating systems) Hot water heat system boiler must have auto boiler feed; steam heat must have low water cut-off valve.

  • As of the date of this Agreement, no shares of Seller Preferred Stock are issued and outstanding.

  • For so long as the Purchaser holds the Seller Preferred Stock, Seller shall continuously hold in reserve sufficient shares of Seller Common Stock to perform its conversion obligations under the terms of the Seller Preferred Stock.

  • Seller has no shares of Seller Common Stock or Seller Preferred Stock reserved for issuance other than as described above.

  • The rights, privileges and preferences of the Seller Preferred Stock are as stated in the Seller Charter and as provided by the NRS.

  • The authorized capital stock of Seller consists of 20,000,000 shares of Common Stock, $0.001 par value ("Seller Common Stock"), and 5,000,000 shares of Preferred Stock, $0.001 par value ("Seller Preferred Stock").

  • As of the date hereof, no shares of Seller Preferred Stock or Seller Common Stock are reserved for issuance, except as Previously Disclosed and except for 3,144,107 shares of Seller Common Stock reserved for issuance pursuant to the Option Agreement.

  • As of the Effective Time, no more than (A) 18,057,501 shares of Seller Common Stock will be issued and outstanding (excluding treasury shares), (B) 1,306,268 shares of Seller Common Stock will be held by Seller in its treasury, and (C) no shares of Seller Preferred Stock will be issued and outstanding.

  • The authorized capital stock of Seller consists of 50,000,000 shares of Seller Common Stock, no par value, and 5,000,000 shares of Seller Preferred Stock, $1.00 par value per share.


More Definitions of Seller Preferred

Seller Preferred means, (a) the outstanding preferred stock of the Company having an original aggregate liquidation preference of $326,400,000 and consisting of a Series A tranche, a Series B tranche and a Series C tranche (together with all accrued and unpaid dividends) and (b) any additional or new preferred stock of the Borrower or Holdings issued in exchange or replacement therefore that is permitted to be issued under this Agreement.
Sample 1
Seller Preferred means $7.0 million face amount of the Company's redeemable preferred membership interests to be issued to GDREC on the Issue Date pursuant to the terms of the Asset Acquisition Agreement.
Sample 1

Related to Seller Preferred

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Purchaser Preferred Stock means the shares of preferred stock, par value $0.0001 per share, of the Purchaser.

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

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

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

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

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

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series F Preferred Shares means the Series F 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 F Preferred Stock means shares of the Company’s Series F Preferred Stock, 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.

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

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • 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.

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

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.

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

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

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

  • Series D Preferred means the Series D Convertible Preferred Stock of the Company, par value $.01 per share.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 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.

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

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.