Series 1 Preferred definition

Series 1 Preferred means the Company's Series 1 Convertible Preferred Stock, par value $.01 per share, which Series 1 Preferred Stock is convertible into shares of Common Stock. "Series 1 Holders" means the Xxxxxxx Holders and the Impax Holders.

Series 1 Preferred means the 9,029,447 shares of Series 1 Convertible Participating Preferred Stock, par value $0.001 per share, of the Company, that are convertible, after giving effect to the Transaction, into 9,029,447 shares of Common Stock.

Series 1 Preferred means, collectively, the Series 1-A Convertible Preferred Stock and the Series 1-B Convertible Preferred Stock.

Examples of Series 1 Preferred in a sentence

• The authorized share capital of the Company consists of an unlimited number of common shares and an unlimited number of (no par value) preferred shares issuable in series, of which 1,000,000 preferred shares have been designated Series 1 Preferred Shares.

• Any such Certificates will bear the restrictive legend set forth in Section 4.05(e) of the Series 1 Preferred Unit Purchase Agreement.

• The consideration for the issue of each Series 1 Preferred Limited Partnership Unit shall be C$25.00 or its equivalent in property or past services.

• Holders of the Series 1 Preferred LP Units will be entitled to receive fixed cumulative preferential distributions, as and when declared by the General Partner, payable quarterly on the last day of January, April, July and October in each year (to holders of record on the last business day of the month preceding the month of payment) at an annual rate equal to US$1.125 per Series 1 Preferred LP Unit (4.5% on the initial par value of US$25) less any amount required by law to be deducted and withheld.

• Any such Preferred Units that are reclassified into Series 1 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein.

• At such adjourned meeting, the Holders of Series 1 Preferred Limited Partnership Units represented in person or by proxy may transact the business for which the meeting was originally called and the Holders of Series 1 Preferred Limited Partnership Units then represented in person or by proxy shall form the necessary quorum.

• In accordance with the terms and limitations of such Preferred Units, each Series 2 Preferred Limited Partnership Unit may be reclassified into a Series 1 Preferred Limited Partnership Unit.

• Series 1 Preferred Limited Partnership Units are not subject to the operation of a sinking fund.

• Holders of Series 1 Preferred Limited Partnership Units shall not have any rights of preemption with regard to any Partnership Interests.

• Let us lift up one another before the throne of grace that we may continue to be faithful and blessed in our labors for the kingdom of God.

More Definitions of Series 1 Preferred

Series 1 Preferred has the meaning set forth in the recitals hereto, provided, that for the purposes of Articles II and III hereof "Series 1 Preferred" (including any defined term used in such Articles incorporating the term "Series 1 Preferred") shall include the Series 2 Preferred to the same extent and degree as the Series 1 Preferred."

Series 1 Preferred means the Series 1 Preferred Stock, par value $0.01 per share, of the Company.

Series 1 Preferred has the meaning set forth in Section 2.3(a).

Series 1 Preferred shall have the meaning set forth in Section 4.1(b)(i).