Specified Preferred Equity definition
Specified Preferred Equity as applied to the Equity Interests of any Person, means Equity Interests of such Person of any class or classes (however designated) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to any shares (or other interests) of other Equity Interests of such Person, and shall include, without limitation, cumulative preferred, non-cumulative preferred, participating preferred and convertible preferred Equity Interests; provided that such Specified Preferred Equity (i) pays a cash dividend on a monthly or quarterly basis and (ii) has a maturity date or is subject to mandatory redemption on a date certain that is not greater than ten (10) years from the date of initial issuance of such Preferred Equity, or gives the holder a put right, or the right to require the Borrower to redeem prior to ten (10) years from the date of the initial issuance of such Preferred Equity.
Specified Preferred Equity means the Series A Cumulative Redeemable Preferred Shares of the Company designated pursuant to the Specified Preferred Equity Share Designation.
Specified Preferred Equity means the shares of Series B-3 Convertible Preferred Stock of Comtech, par value $0.10 per share, authorized by the Board of Directors of Comtech and initially issued to the Permitted Holders pursuant to the Certificate of Incorporation, the Bylaws and applicable law, including any additional or exchanged shares issued after the Closing Date that are on the same terms and conditions as the Series B-3 Convertible Preferred Stock of Comtech, par value $0.10 per share, in effect on the Closing Date and which do not otherwise breach the terms of the Loan Documents.
Examples of Specified Preferred Equity in a sentence
The Company may Redeem Specified Preferred Equity (whether in whole or in part) so long as (i) no Default or Event of Default has occurred and is continuing or would occur as a result of such Redemption, (ii) no Disputed Reserve Report Period is continuing and (iii) immediately after giving effect to such Redemption, the Borrower and its Subsidiaries shall be in compliance with the financial ratios set forth in Section 9.01(a,) Section 9.01(b) and Section 9.01(c) on a Pro Forma Basis.
The Company shall not, nor shall it permit any Subsidiary to call, make or offer to make any (i) Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part), any Specified Existing Indebtedness or any Specified Additional Bond Indebtedness or (ii) Redemption of or otherwise Redeem any Specified Preferred Equity, as applicable, except as specified below in this paragraph (b).
More Definitions of Specified Preferred Equity
Specified Preferred Equity means the shares of Series B-23 Convertible Preferred Stock of Comtech, par value $0.10 per share, authorized by the Board of Directors of Comtech and initially issued to the Permitted Holders pursuant to the Certificate of Incorporation, the Bylaws and applicable law, including any additional or exchanged shares issued after the Amendment No. 12 Closing Date that are on the same terms and conditions as the Series B-23 Convertible Preferred Stock of Comtech, par value $0.10 per share, in effect on the Amendment No. 12 Closing Date (or other terms and conditions if the effect thereof could not reasonably be expected to be adverse in any material respect to the interests of the Lenders) and which do not otherwise breach the terms of the Loan Documents.
Specified Preferred Equity means those certain preferred Equity Interests of the Borrower expected to be issued in the first quarter of 2019, on substantially the terms disclosed in writing to the Lenders on or prior to the issuance date thereof.
Specified Preferred Equity has the meaning specified in Section 2.05(a)(iv)(1).
Specified Preferred Equity means new Preferred Stock or common Equity Interests of Holdings or the Issuer the proceeds of which are applied to redeem the Notes on a pro rata basis with any other Pari Passu Indebtedness.
Specified Preferred Equity means the convertible participating preferred stock, par value $0.01 per share, designated as “5.5% Series A Convertible Preferred Stock” issued by the Borrower to Crestview IV VC TE Holdings, LLC, a Delaware limited liability company, Crestview IV VC Holdings, L.P., a Delaware limited partnership, and Crestview IV VC CI Holdings, L.P., a Delaware limited partnership, pursuant to and in accordance with the Specified Preferred Equity Agreement.
Specified Preferred Equity means the Series F Convertible Preferred Stock of the Borrower designated pursuant to the Specified Preferred Equity COD.