Junior Preferred Stock. 9. The Junior Preferred Stock is not entitled to receive or participate in any dividends, and no dividends shall be paid thereon.
Junior Preferred Stock. If, at any time following the exercise of all or part of the MW Options, MW and his Permitted Transferees own a number of shares of Junior Preferred Stock constituting a majority of the outstanding shares of Junior Preferred Stock, then, so long as the GEI Parties own 50% of the shares of Junior Preferred Stock owned by GEI Parties immediately following the effective time of the Merger, the Company shall not take any action requiring the approval, vote or consent of the holders of Junior Preferred Stock (including any amendment to the Certificate of Incorporation of the Company requiring any such approval, vote or consent) unless such action is approved by the holders of at least 66.6% of the outstanding Junior Preferred Stock.
Junior Preferred Stock. If the Corporation shall at any time after the record date for the initial distribution of the Corporation's Preferred Stock Purchase Rights pursuant to the Rights Agreement between the Corporation and ChaseMellon Shareholder Services, L.L.C., as Rights Agent (the "Rights Declaration Date"), (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the amount to which holders of shares of Series A Junior Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.
Junior Preferred Stock. Section 1. DESIGNATION AND AMOUNT. The shares of such series shall be designated as "Cumulative Participating Junior Preferred Stock (Series 2000)" (the "Junior Preferred Stock") and the number of shares constituting the Junior Preferred Stock shall be 500,000. Such number of shares may be increased or decreased by resolution of the Board of Directors; PROVIDED, that no decrease shall reduce the number of shares of Junior Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Junior Preferred Stock.
Junior Preferred Stock. 19 Laws ..................................................................66 LNA ..................................................................53 Material Adverse Effect on MergeCo............................................39 Material Adverse Effect on the Company........................................18
Junior Preferred Stock. As of the Effective Time, Bayer will be the only holder of Junior Preferred Stock. So long as Bayer, any of its Permitted Transferees or any of its transferees which becomes a party to this Agreement pursuant to Section 3.06 holds outstanding shares of Junior Preferred Stock, the Company will not issue shares of Junior Preferred Stock to any Person other than Bayer.
Junior Preferred Stock. The Allocation Schedule, the Capital Expenditures Schedule, the Production Capacity Schedule and the Yield Schedule, as each such term is defined in the Junior Preferred Stock Designations, are set forth in Exhibit F, Exhibit G, Exhibit H and Exhibit I, respectively. Solely for purposes of illustrating the various calculations set forth in the Junior Preferred Stock Designations, and not intending to limit any of the terms and conditions thereof, set forth in Appendix I are examples of calculations of the Liquidation Value, Special Liquidation Value and Deemed Liquidation Value, and related amounts, under the scenarios described therein.
Junior Preferred Stock. $30,000,000 worth of the Borrower’s Class A junior preferred stock shall have been converted to common stock of the Borrower.
Junior Preferred Stock. Such Purchaser shall have been provided with true and correct copies of the documents governing the Company's Junior Preferred Stock, which shall contain terms and conditions satisfactory to such Purchaser in its sole judgment.
Junior Preferred Stock. The Company has authorized the issuance and sale to you of 3,752 shares its Series B Junior Preferred Stock, no par value (the "Junior Preferred Stock" and together with the Senior Preferred Stock the "Preferred Stock") with the terms specified in the Certificate, for an aggregate purchase price of $3,752,000.
