Junior Capital Stock definition

Junior Capital Stock means, with respect to the Company, any and all Capital Stock of the Company ranking junior to the Series A MAPS with respect to the payment of dividends or the distribution of assets upon liquidation.
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Junior Capital Stock has the meaning ascribed thereto in Section 2(b).
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Junior Capital Stock has the meaning given such term in Section 9 above.
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Examples of Junior Capital Stock in a sentence

  • The term "Junior Capital Stock" as used herein means any shares of capital stock of the Corporation, including the Corporation's Common Stock, par value $.03 per share (the "Common Stock"), and the Corporation's Convertible Preferred Stock (including Series B, Series C and Series D thereof), par value $.01 per share (the "Junior Preferred Stock"), other than shares of the Corporation's capital stock permitted to rank on a parity with or senior to the Senior Preferred Stock pursuant to paragraph 6 hereof.

  • Upon any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, the holders of the shares of Series Q Preferred Stock shall rank senior to the holders of all Junior Capital Stock of the Company and shall be entitled to be paid an amount per share equal to the Series Q Preferred Stock Stated Value plus any accumulated, accrued, earned or declared and unpaid Series Q Dividends (the “Liquidation Preference”).

  • Unless and until payment in full has been made to holders of the Series H MAPS of the liquidation distributions to which they are entitled as described in this paragraph, no dividends or distributions will be made to holders of the Company's Junior Capital Stock, and no purchase, redemption or other acquisition for any consideration by the Company will be made in respect of the Company's Junior Capital Stock.

  • Unless and until payment in full has been made to holders of the Series G MAPS of the liquidation distributions to which they are entitled as described in this paragraph, no dividends or distributions will be made to holders of the Company's Junior Capital Stock, and no purchase, redemption or other acquisition for any consideration by the Company will be made in respect of the Company's Junior Capital Stock.

  • No cash or other value dividends shall be paid on any Junior Capital Stock of the Company during any fiscal year of the Company until all accumulated Series Q Dividends (with respect to the current fiscal year and all prior fiscal years) shall have been paid to the holders of Series Q Preferred Stock.

  • At any such special meeting, such holders, by plurality vote, voting together as a single class without regard to series (to the exclusion of the holders of Junior Capital Stock) will be entitled to elect two directors on the basis of one vote per $100,000 liquidation preference (excluding amounts in respect of accumulated and unpaid dividends).

  • Unless and until payment in full has been made to holders of the Series A MAPS of the liquidation distributions to which they are entitled as described in this paragraph, no dividends or distributions will be made to holders of the Company’s Junior Capital Stock, and no purchase, redemption or other acquisition for any consideration by the Company will be made in respect of the Company’s Junior Capital Stock.

  • For purposes hereof, the term "Junior Capital Stock" means any shares of capital stock of the Corporation, including the Corporation's Common Stock and Non-Voting Common Stock, other than shares of the Corporation's capital stock permitted to rank on a parity with or senior to the Series A Preferred pursuant to Section 3 hereof.

  • The Senior Preferred Stock shall, with respect to dividends and distributions upon liquidation, dissolution or winding-up of the Corporation, rank senior to all classes of Common Stock of the Corporation and to each other class of Capital Stock of the Corporation or series of Preferred Stock of the Corporation existing on the date hereof or hereafter created including, without limitation, Junior Capital Stock.

  • For purposes of this Subdivision I, the term "Junior Capital Stock" means any shares of capital stock of the Corporation, including the Corporation's Common Stock, par value $.01 per share, other than shares of the Corporation's capital stock permitted to rank on a parity with or senior to the Series A Preferred Stock pursuant to Section 3 hereof.


More Definitions of Junior Capital Stock

Junior Capital Stock means (A) the Common Stock, (B) Common Stock Equivalents of the Company, (C) all existing or hereafter created series of Preferred Stock of the Company and (D) all other existing or hereinafter created equity securities of the Company.
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Junior Capital Stock means Capital Stock of the Company, including the Series B Junior Preferred Stock and the Series C Junior Voting Preferred Stock, that does not rank, as to the payment of dividends or other comparable distributions or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding-up of the Company, prior to or on a parity with the Series A Senior Preferred Stock.
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Junior Capital Stock as used herein means any shares of capital stock of the Corporation, including the Corporation's Common Stock, par value $.03 per share (the "Common Stock"), other than shares of the Corporation's capital stock permitted to rank on a parity with or senior to the Convertible Preferred Stock pursuant to Section 6 hereof.
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Junior Capital Stock means Capital Stock of the Corporation, including the Series B Junior Preferred Stock and the Series C Junior Voting Preferred Stock, that does not rank, as to the payment of dividends or other comparable distributions or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding-up of the Corporation, prior to or on a parity with the Senior Preferred Stock.
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Related to Junior Capital Stock

  • Junior Capital collectively, any Indebtedness of any Parent or the Borrower that (a) is not secured by any asset of the Borrower or any Restricted Subsidiary, (b) is expressly subordinated to the prior payment in full of the Loans on terms consistent with those for senior subordinated high yield debt securities issued by U.S. companies sponsored by either of the Sponsors (as determined in good faith by the Borrower, which determination shall be conclusive), (c) has a final maturity date that is not earlier than, and provides for no scheduled payments of principal prior to, the date that is 91 days after the Initial Term Loan Maturity Date (other than through conversion or exchange of any such Indebtedness for Capital Stock (other than Disqualified Stock) of the Borrower, Capital Stock of any Parent or any other Junior Capital), (d) has no mandatory redemption or prepayment obligations other than (x) obligations that are subject to the prior payment in full in cash of the Loans or (y) pursuant to an escrow or similar arrangement with respect to the proceeds of such Junior Capital and (e) does not require the payment of cash interest until the date that is 91 days following the Initial Term Loan Maturity Date.

  • Parent Capital Stock means Parent Common Stock and Parent Preferred Stock.

  • Voting Capital Stock means with respect to any Person, securities of any class or classes of Capital Stock in such Person ordinarily entitling the holders thereof (whether at all times or at the times that such class of Capital Stock has voting power by reason of the happening of any contingency) to vote in the election of members of the board of directors or comparable governing body of such Person.

  • Capital Stock of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

  • Company Capital Stock means the Company Common Stock and the Company Preferred Stock.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Excluded Capital Stock means:

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Disqualified Capital Stock means that portion of any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof, in any case, on or prior to the 91st day after the final maturity date of the Notes.

  • Retired Capital Stock shall have the meaning provided in Section 10.5(b)(2).

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

  • Redeemable Capital Stock means any Capital Stock of the Company or any of its Subsidiaries that, either by its terms, by the terms of any security into which it is convertible or exchangeable or otherwise, (a) is or upon the happening of an event or passage of time would be required to be redeemed on or prior to the final stated maturity of the securities or (b) is redeemable at the option of the holder thereof at any time prior to such final stated maturity or (c) is convertible into or exchangeable for debt securities at any time on or prior to such final stated maturity.

  • Preferred Equity means any stock, shares or other ownership interests in the issuer thereof howsoever evidenced (including, without limitation, limited liability company membership interests), whether with or without voting rights, that is entitled to dividends or distributions prior to the payment of dividends or distributions with respect to Common Equity.

  • Qualified Capital Stock means any Capital Stock that is not Disqualified Capital Stock.

  • New Equity Interests means the limited liability company

  • Capital Stock Sale Proceeds means the aggregate cash proceeds received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or any such Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Junior Stock means the Corporation’s common stock and any other class or series of stock of the Corporation hereafter authorized over which Series I Preferred Stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • Refunding Capital Stock has the meaning assigned to such term in Section 6.04(a)(viii).

  • Treasury Capital Stock has the meaning assigned to such term in Section 6.04(a)(viii).

  • Disqualified Stock Dividends means all dividends with respect to Disqualified Stock of the Company held by Persons other than a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income tax rate (expressed as a decimal number between 1 and 0) then applicable to the Company.

  • Equity Interests means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest.

  • voting equity securities means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of security has such voting power by reason of any contingency.

  • Voting Equity Interests means Equity Interests which at the time are entitled to vote in the election of, as applicable, directors, members or partners generally.

  • Junior Shares means the Common Shares and any other class or series of shares of beneficial interest of the Trust now or hereafter issued and outstanding over which the Series 1 Preferred Shares has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Trust.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Equity Interest means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person which is not a corporation, and any and all warrants, options or other rights to purchase any of the foregoing.