Series 2 Preferred definition

Series 2 Preferred means the 17,840,000 shares (including 2,840,000 shares of Series 2 Preferred issuable upon the exercise of outstanding Series 2 Warrants) of Series 2 Convertible Participating Preferred Stock, par value $0.001 per share, of the Company, that are convertible, after giving effect to the Transaction, into 4,580,153 shares of Common Stock.

Series 2 Preferred means the Company’s $3.25 convertible exchangeable Class C preferred stock, Series 2, no par value and any securities, other than shares of Common Stock, issued in exchange therefor.

Series 2 Preferred means the Company's Series 2 Convertible Preferred Stock, par value $.01 per share, which Series 2 Preferred Stock is convertible into shares of Common Stock.

Examples of Series 2 Preferred in a sentence

• 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.

• Such notice shall set out the number of such Series 2 Preferred Limited Partnership Units held by the person to whom it is addressed which are to be redeemed and the Redemption Price and shall also set out the date on which the redemption is to take place.

• The Partnership shall give notice in writing not less than 25 days nor more than 60 days prior to the applicable Series 2 Reclassification Date or such other date on which the Series 2 Preferred Limited Partnership Units are to be redeemed of its intention to redeem such Series 2 Preferred Limited Partnership Units to each person who at the date of giving such notice is the Holder of Series 2 Preferred Limited Partnership Units to be redeemed.

• The consideration for the issue of each Series 2 Preferred Limited Partnership Unit shall be C$25.00 or its equivalent in property or past services.

• Such payment shall be made by cheque payable at par at any branch in Canada of the Partnership’s bankers for the time being or by any other reasonable means the Partnership deems desirable and shall be a full and complete discharge of the Partnership’s obligation to pay the Redemption Price owed to the Holders of Series 2 Preferred Limited Partnership Units so called for redemption unless the cheque is not honoured when presented for payment.

• Holders of Series 2 Preferred Limited Partnership Units shall not have any rights of preemption with regard to any Partnership Interests.

• Series 2 Preferred Limited Partnership Units are not subject to the operation of a sinking fund.

• On every poll taken at every meeting of Holders, each such Holder entitled to vote thereat shall be entitled to one vote in respect of each Series 2 Preferred Limited Partnership Unit held.

• The Partnership may not redeem any of the Series 2 Preferred Limited Partnership Units prior to June 30, 2020.

• That all shares of the Series 2 Preferred which have been converted have the status of authorized and unissued shares of the Preferred Stock of the Corporation without designation as to series, until such shares are once more designated as part of a particular series by the Board of Directors.

More Definitions of Series 2 Preferred

Series 2 Preferred means the shares of Series 2 Convertible Preferred Stock of the Company issued pursuant to the Stock Purchase Agreements dated as of March 23, 2000 between the Company and the purchasers named therein.

Series 2 Preferred means the Series 2 Preferred Stock, par value $0.01 per share, of the Company.

Series 2 Preferred shall have the meaning set forth in Section 4.1(b)(i).

Series 2 Preferred means the Class A Convertible Preferred Stock-Series 2, par value $0.01 per share, of Holding.