Series A Parity Stock definition

Series A Parity Stock means, with respect to the Series A Preferred Stock, the Series B Preferred Stock and any class or series of capital stock of the Corporation on a parity with the Series A Preferred Stock (as the context requires) in respect of rights to receive dividends, distributions, proceeds, payments on Capital Stock of the Corporation, and/or redemption rights or rights to receive any assets upon any Liquidation.
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Series A Parity Stock means any equity security of the Corporation which, by its terms, ranks on a parity with the Series A Preferred Stock as to the distribution of assets upon a Liquidation Event (whether the liquidation prices per share thereof be different from those of the Series A Preferred Stock) resulting in the holders of any such class or series and the Series A Preferred Stock being entitled to a liquidation preference pursuant to Section 6.3 hereof, upon a Liquidation Event, without preference or priority to one over the other. The Series A Preferred Stock shall be considered to be Series A Parity Stock.
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Series A Parity Stock means Parity Stock with substantially the same or less favorable rights and terms as the Series A Preferred Stock; provided that the Conversion Price, anniversary dates, Stated Value and Issuance Dates may be adjusted to reflect the circumstances of the issuance.
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Examples of Series A Parity Stock in a sentence

  • The Series A Preferred Stock shall, with respect to dividend rights, distributions, redemption rights and rights on Liquidation rank (i) pari passu with any Series A Parity Stock and (ii) senior to all Series A Junior Stock.

  • If the amount of such distribution after payment to any Senior Stock is insufficient to permit full payment of the Series A Preference Amount to the holders of the Series A Preferred, then such distribution shall be distributed ratably to the holders of the Series A Preferred and Series A Parity Stock in proportion to the respective preference amount each such holder would otherwise be entitled to receive.

  • When distributions are not paid in full or a sum sufficient for such payment is not set apart, as aforesaid, all distributions declared upon the Series A Preferred Stock and all distributions declared upon any other class or series of Series A Parity Stock shall be declared ratably in proportion to the respective amounts of distributions accumulated, accrued and unpaid on the Series A Preferred Stock and accumulated, accrued and unpaid on such Series A Parity Stock.

  • If there shall be outstanding shares of any Series A Parity Stock, then in no event shall any dividends be declared and paid on the Series A Parity Stock unless dividend in cash of not less than a ratable amount are declared and paid on the Series A Preferred Stock.

  • To the extent that the Company declares dividends on the Series A Preferred Stock and on any Series A Parity Stock but cannot make full payment of such declared dividends, the Company shall allocate the dividend payments on a pro rata basis among the holders of the shares of Series A Preferred Stock and the holders of any Series A Parity Stock then outstanding.

  • No payment on account of such liquidation, dissolution or winding-up of the affairs of the Corporation shall be made to the holders of any Series A Parity Stock, unless there shall likewise be paid at the same time to the holders of the Series A Preferred Stock like proportionate distributive amounts ratably, in proportion to the full distributive amounts to which they and the holders of such Series A Parity Stock are respectively entitled with respect to such preferential distribution.

  • The Corporation may at any time create, authorize or issue, without the consent of any of the holders of the Series A Preferred Stock, other classes or series of Series A Junior Stock (as defined below) or Series A Parity Stock (as defined below).

  • If, upon any Liquidation of the Corporation, the assets of the Corporation are insufficient to pay the holders of shares of the Series A Parity Stock then outstanding the full amounts to which they shall be entitled, such assets shall be distributed to the holders of the Series A Parity Stock pro rata in proportion to the amounts to which they shall be entitled.

  • If the Series A Available Assets shall be insufficient to permit the full payment of the Series A Liquidation Preference Amount upon a Liquidation Event to all Series A Holders, as well as all payments then due or due by reason of such Liquidation Event on any Series A Parity Stock, then the Series A Holders and such holders of Series A Parity Stock shall share ratably in any such distribution of the Corporation’s assets in proportion to the full respective distributable amounts to which they are entitled.

  • If dividends on the Series A Preferred Stock and on any Series A Parity Stock are in arrears, in making any dividend payment on account of such arrears, the Corporation shall make payments ratably upon all outstanding shares of the Series A Preferred Stock and shares of such Series A Parity Stock in proportion to the respective amounts of dividends in arrears on the Series A Preferred Stock and such Series A Parity Stock to the date of such dividend payment.


More Definitions of Series A Parity Stock

Series A Parity Stock means any class or series of stock of the Corporation hereafter authorized ranking equally with the Series A Preferred Stock as to both the payment of dividends and the distribution of assets on any liquidation, dissolution or winding up of the Corporation.
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Series A Parity Stock shall have the meaning set forth in Article SIXTH, Section (c)(5)b hereto.
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Related to Series A Parity Stock

  • Parity Stock means any class or series of stock of the Corporation (other than Designated Preferred Stock) the terms of which do not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Corporation (in each case without regard to whether dividends accrue cumulatively or non-cumulatively).

  • 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 A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

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

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

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

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

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

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

  • Voting Parity Stock means, with regard to any matter as to which the holders of Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these Standard Provisions that form a part of the Certificate of Designations, any and all series of Parity Stock upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • 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.

  • Liquidation Parity Stock means any class or series of stock of the Corporation, other than Series A Preferred Stock, that ranks equally with the Series A Preferred Stock as to the distribution of assets in connection with any liquidation, dissolution or winding up of the affairs of the Corporation.

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

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.

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

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

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

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

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

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

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

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

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

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