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Senior Preference definition

Senior Preference means the stated value of all outstanding Senior Securities, plus any other fees, liquidated damages or dividends then due and owing thereon.
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Senior Preference means the aggregate Senior Per Share Preference payable with respect to the shares of Target Senior Preferred Stock outstanding immediately prior to the Effective Time.
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Senior Preference means the stated value of all outstanding shares of the Company’s Series C 8% Convertible Preferred Stock, plus any other fees, liquidated damages or dividends then due and owing thereon.
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Examples of Senior Preference in a sentence

  • The basic meaning of a “preference share” will have to come from sec 43; however, if a private company wants to create classes within preference shares – say Senior Preference and Junior Preference, that is certainly possible.

  • The Registrar is hereby appointed Registrar for the purpose of registering Senior Preference Units and Preference Units and transfers of such Senior Preference Units and Preference Units as herein provided.

  • Pursuant to the terms of the Partnership Agreement, Unit Certificates that purport to represent Senior Preference Units, Preference Units or Common Units will be deemed to represent Units, without distinction.

  • The Company will provide training to an individual awarded with a posting under Article section Senior Preference for Advancement Procedure, in order that the employee has the opportunity to obtain certification.

  • The Company will provide training to an individual awarded with a posting under Article III, section 4, Senior Preference for Advancement Procedure, in order that the employee has the opportunity to obtain his/her certification.

  • If the assets and funds thus distributed among the holders of the Senior Preferred Shares shall be insufficient to permit the payment to such holders of Senior Preference Amount, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the holders of the Senior Preferred Shares in proportion to the aggregate Senior Preference Amount each such holder is otherwise entitled to receive pursuant to this subparagraph (a).

  • In accordance with the Partnership Agreement, the payment of this distribution ends the Preference Period, and all differences and distinctions between Senior Preference Units, Preference Units and Common Units automatically cease.

  • The General Partner contributed $10 in cash and received in exchange therefor a 1.0% Partnership Interest as General Partner and Kaneb contributed $990 in cash and received in exchange therefor 46 Senior Preference Units representing a 99% Partnership Interest as Limited Partner in the Partnership.

  • Net proceeds of $28.8 million were used to acquire 974,900 of the outstanding Senior Preference Units (SPUs) of TNCLP.

  • Additional funds were drawn down under the Senior Credit Facility to repay the Senior Preference Shares.

Related to Senior Preference

  • Senior Preferred Stock means collectively, (i) Series A-1 Convertible Preferred, (ii) Series A-2 Preferred Stock, (iii) Series A-3 Convertible Preferred, (iv) 14¼% Preferred, (v) 9¾% Preferred, (vi) Series B Convertible Preferred, (vii) Series C Preferred Stock and (viii) Series C Convertible Preferred, in each case as defined in the Master Transaction Agreement.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

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

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

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

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

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

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

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • 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.

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

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

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

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

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

  • Initial Liquidation Preference means one thousand dollars ($1,000.00) per share of Convertible Preferred Stock.

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

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

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

Most Referenced Clauses

Most Referenced Definitions