9% Preferred Stock definition

9% Preferred Stock means the 9.0% Cumulative Nonconvertible Preferred Stock of the Corporation, par value $1.00 per share, which is issued under the 9% Certificate of Designation.
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9% Preferred Stock means the 9.0% Cumulative Nonconvertible Preferred Stock, par value $1.00 per share, issued by the Borrower, of which 270,000 shares are issued and outstanding as of the Closing Date;
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Examples of 9% Preferred Stock in a sentence

  • At anytime during the fourth year of the investment, the Shareholder may choose on the First Day of Each Month to convert each unit of the Company’s Convertible 9% Preferred Stock for Common Stock of the Company at market price minus 15% of the Company’s Common Stock at time of conversion / closing.

  • Subject to Article IV, Part A Section 9, Preferred Stock may be issued from time to time in one or more series, each of such series to have such terms as stated or expressed herein and in the resolution or resolutions providing for the issue of such series adopted by the Board as hereinafter provided.

  • At anytime during the fifth year of the investment, the Shareholder may choose on the First Day of Each Month to convert each unit of the Company’s Convertible 9% Preferred Stock for Common Stock of the Company at market price minus 15% of the Company’s Common Stock at time of conversion / closing.

  • All of the outstanding shares of Company Common Stock and Company 9% Preferred Stock have been duly authorized and are validly issued, fully paid and nonassessable.

  • At the Closing, the Company shall arrange to deliver to each Purchaser stock certificates evidencing the shares of 9% Preferred Stock to be purchased by such Purchaser, registered in such Purchaser's or its nominee's name, upon payment of the purchase price thereof by wire transfer of immediately available funds to the Company's account at ▇▇▇▇▇▇ Trust and Savings Bank, Chicago, Illinois, in the amounts set forth opposite such Purchaser's name on the Schedule of Purchasers.

  • There is hereby designated a class of Preferred Stock of the Corporation as the Series 9 Preferred Stock, par value $0.001 per share, of the Corporation (the “Series 9 Stock”).

  • Each holder of 9% Preferred Stock shall have all rights and remedies set forth in this Agreement and the Certificate of Incorporation (as amended by the Certificate of Amendment) and the Certificate of Designations and all rights and remedies which such holders have been granted at any time under any other agreement or contract and all of the rights which such holders have under any law.

  • Subject to Article 4, Part A, Section 9, Preferred Stock may be issued from time to time in one or more series, each of such series to have such terms as stated or expressed herein and in the resolution or resolutions providing for the issue of such series adopted by the Board as hereinafter provided.

  • The 9% Preferred Stock, the Debentures and the Shares of Common Stock issuable upon conversion thereof.

  • All of the outstanding shares of Common Stock Class B Stock, 9% Preferred Stock, 5% Preferred Stock and Preferred Stock have been validly issued and are fully paid and nonassessable.