Junior Preferred Stock definition

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

Junior Preferred Stock means the Company's junior preferred stock, $1.00 par value.

Junior Preferred Stock means, collectively, (i) Series E-1 Convertible Preferred, (ii) Series E-2 Convertible Preferred and (iii) Series F Non-Convertible Preferred, in each case as defined in the Master Transaction Agreement.

Examples of Junior Preferred Stock in a sentence

• Dividends paid on the shares of Junior Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding.

• Any shares of Junior Preferred Stock purchased or otherwise acquired by the Company in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.

• The Board of Directors may fix a record date for the determination of holders of shares of Junior Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof.

• 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 Company convertible into Junior Preferred Stock.

• Except as set forth herein, or as otherwise provided by law, holders of Junior Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action.

More Definitions of Junior Preferred Stock

Junior Preferred Stock means the Series A-1 Preferred Stock, the Series A-2 Preferred Stock, the Series A-3 Preferred Stock, and the Series A-4.1 Preferred Stock, collectively.

Junior Preferred Stock means the Series A Junior Participating Preferred Stock, par value $0.10 per share, of Parent.

Junior Preferred Stock means shares of Class B Junior Participating Preferred Stock, par value $.50 per share, of the Company, and, to the extent that there are not a sufficient number of shares of Class B Junior Participating Preferred Stock authorized to permit the full exercise of the Rights, any other series of preferred stock, par value $.50 per share, of the Company designated for such purpose containing rights, privileges, preferences and other terms substantially similar to the rights, privileges, preferences and other terms of the Junior Preferred Stock.

Junior Preferred Stock means the Series A 14% Junior Preferred Stock of Borrower.

Junior Preferred Stock means, collectively, (i) Series B Convertible Preferred, (ii) Series C Preferred Stock, (iii) Series D Convertible Preferred, (iv) Series E-1 Convertible Preferred, (v) Series E-2 Convertible Preferred, and (vi) Series F Non-Convertible Preferred, in each case as defined in the Master Transaction Agreement.

Junior Preferred Stock has the meaning set forth in the recitals hereto.

Junior Preferred Stock means the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock and Series X Preferred Stock.