Series 6 Preferred Stock definition

Series 6 Preferred Stock means the Company’s Series 6 Preferred Stock.

Series 6 Preferred Stock has the meaning set forth in the Restated Certificate.

Series 6 Preferred Stock means the Series 6 Convertible Preferred Stock of PubCo, the rights and preferences of which are set forth in the Series 6 Certificate of Designation.

Examples of Series 6 Preferred Stock in a sentence

• No sinking fund shall be established for the retirement or redemption of Series 6 Preferred Stock.

• No holder of Series 6 Preferred Stock of the Corporation shall, as such holder, have any preemptive right to purchase or subscribe for any additional shares of stock of the Corporation or any other security of the Corporation that it may issue or sell.

• In determining whether any proposed action requiring their consent is in the best interests of the Corporation, the Independent Directors shall consider the interests of holders of both the Common Stock and the Preferred Stock, including, without limitation, the holders of the Series 6 Preferred Stock.

• The right of holders of Series 6 Preferred Stock to receive dividends is noncumulative.

• The Series 6 Preferred Stock will not be redeemable prior to February 3, 2009.

• The holders of Series 6 Preferred Stock shall not have any rights to convert such shares into shares of any other class or series of stock or into any other securities of, or any interest in, the Corporation.

• Each director elected by the holders of shares of the Preferred Stock (a “Preferred Director”) shall continue to serve as such director until the payment of all dividends on the Preferred Stock for at least four consecutive Dividend Periods, including the Series 6 Preferred Stock.

• As long as any Series 6 Preferred Stock are outstanding, at least two directors on the Board of Directors shall be Independent Directors.

• Accordingly, if the Board of Directors does not authorize or declare a dividend payable in respect of any Dividend Period, holders of Series 6 Preferred Stock shall have no right to receive a dividend in respect of such Dividend Period and the Corporation shall have no obligation to pay a dividend in respect of such Dividend Period, whether or not dividends are authorized and declared payable in respect of any prior or subsequent Dividend Period.

• In considering the interests of the holders of the Preferred Stock, including, without limitation, holders of the Series 6 Preferred Stock, the Independent Directors shall owe the same duties that the Independent Directors owe with respect to holders of shares of Common Stock.

More Definitions of Series 6 Preferred Stock

Series 6 Preferred Stock means the Series 6 Convertible Preferred Stock of PubCo, the rights and preferences of which are set forth in the Series 6 Certificate of Designations.

Series 6 Preferred Stock means the Series 6 Preferred Stock, par value $0.01 per share, of the Company.

Series 6 Preferred Stock means shares of Series 6 Preferred Stock (par value $0.001 per share) of the Corporation.