Borrower Preferred Stock definition

Borrower Preferred Stock means the Series A Redeemable Preferred Stock of the Borrower.

Borrower Preferred Stock means the pay-in-kind Preferred Stock of the Borrower, $.01 par value per share, issued by the Borrower pursuant to the Borrower Preferred Stock Documents as contemplated by Section 5.06

Borrower Preferred Stock means that certain Series A non-participating, non-voting preferred stock of the Borrower issued to JSCE in connection with the 1999 Timberlands Sale having an initial liquidation value of $1,000 per share, subject to accretion based on the amount of dividends not paid in cash and the amount of any make-whole premium in the event the dividend rate has been converted to a fixed rate, issued on terms reasonably acceptable to the Senior Managing Agents.

Examples of Borrower Preferred Stock in a sentence

• The Borrower may purchase shares of the Borrower Preferred Stock (other than shares owned by Roche Holdings or any Affiliate of Roche Holdings) for an aggregate purchase price of not more than $75,000,000; provided, however, that, at the time of any payment or purchase referred to above and after giving effect to such payment or purchase, no Default shall have occurred and be continuing.

• On the Second Borrowing Date and after giving effect to the Transaction and the Loans incurred on the Second Borrowing Date, neither the Borrower nor any of its Subsidiaries shall have any preferred stock or Indebtedness outstanding except for the Borrower Preferred Stock, the Obligations and the Existing Indebtedness.

• Lender shall have received copies of all documents executed in connection with the issuance of any Permitted Borrower Preferred Stock in accordance with Section 6.5 of the Credit Agreement on or before the Effective Date, which documents shall be in form and substance satisfactory to Lender and certified as true, complete and correct by the chief financial officer of the Borrower.

• Create, incur, issue, assume, Guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to any Indebtedness (other than Existing Indebtedness) and Borrower will not issue any Borrower Preferred Stock and will not permit any of its Subsidiaries to issue any shares of its preferred stock (other than to Borrower or another wholly-owned Subsidiary of Borrower).

• On the Initial Borrowing Date and after giving effect to the Transaction and the Loans incurred on the Initial Borrowing Date, neither the Borrower nor any of its Subsidiaries shall have any preferred stock or Indebtedness outstanding except for the Borrower Preferred Stock, the Obligations and the Existing Indebtedness.

More Definitions of Borrower Preferred Stock

Borrower Preferred Stock means the 12% Senior PIK Preferred Stock of the Borrower.

Borrower Preferred Stock means that certain Series A Redeemable Convertible Preferred Stock issued by the Borrower in connection with Fieldcrest Cannxx Xxxnsaction.

Borrower Preferred Stock as defined in Section 3.3(a).

Borrower Preferred Stock means the Series B preferred stock, par value $0.01 per share, of the Borrower, having the terms set forth in the Articles of Incorporation of the Borrower.

Borrower Preferred Stock means the Series A Preferred Stock of the Borrower, par value $.01 per share.

Borrower Preferred Stock shall be as described in Schedule 6.16, PROVIDED that such preferred stock shall only pay non-cash dividends and shall not mature prior to 2007.

Borrower Preferred Stock means (a) 300,000 shares of Borrower's 11-1/2% Senior PIK Preferred Stock due 2010 (liquidation preference $100 per share) and such additional shares of Borrower's 11-1/2% Senior PIK Preferred Stock due 2010 as may be issued in lieu of cash dividends thereon and (b) 3,000 shares of Borrower's 12% Junior Convertible Preferred Stock (liquidation preference $1,000 per share) and such additional shares of Borrower's 12% Junior Convertible Preferred Stock as may be issued in lieu of cash dividends thereon.