New Preferred definition

New Preferred means the series of the Preferred Stock, $100 liquidation value, of the Company designated as its "January 1987 Series Money Market Cumulative Preferred(TM) Stock".

New Preferred has the meaning set forth in Section 5.5.

New Preferred means the 2003 Series A Preferred Stock, $0.001 par value, of the Company having the rights and preferences set forth in the Certificate of Designation.

Examples of New Preferred in a sentence

• Each such series shall be so designated as to distinguish it from other series of New Preferred Shares and from series of Preferred Shares.

• Subject to the provisions of this Article IV, New Preferred Shares of any particular series shall be entitled to such voting rights, if any, as may be specified for shares of such series in the certificate of determination of preferences of such series filed as provided below; all Preferred Shares shall be entitled to voting rights on the basis of one vote per share; and all Common Shares shall be entitled to voting rights on the basis of one-tenth of one vote per share.

• New Preferred Shares may be issued from time to time in one or more series.

• The total number of shares which this Corporation is authorized to issue is 30,233,200; 150,000 shares are to be New Preferred Shares with no par value and a stated value of $100 per share and an aggregate stated value of $15,000,000; 83,200 shares are to be Preferred Shares with a par value of $25 per share and an aggregate par value of $2,080,000; and 30,000,000 shares are to be Common Shares, no par value with a stated value of $2.50 per share and an aggregate stated value of $75,000,000.

• Upon a Special Mandatory Conversion, each holder of shares of New Preferred Stock converted pursuant to Section B.10(a) shall be sent written notice of such Special Mandatory Conversion and the place designated for mandatory conversion of all shares of New Preferred Stock.

More Definitions of New Preferred

New Preferred means any series of preferred stock of the Borrower sold and issued by Borrower after the date of this Agreement.

New Preferred means those certain shares of Series A Preferred to be purchased by the Purchasers pursuant to Section 2A of this Agreement at the Closing and having the rights set forth for the Series A Preferred in the Certificate of Designation, as amended, modified, restated, superseded or replaced from time to time.

New Preferred means preferred stock having the purchase price and liquidation preference equal to the Agreed Price or the Discounted Price, as applicable, and otherwise on terms as set forth on Exhibit L to this Agreement.

New Preferred means the series of the Preferred Stock, $100 liquidation preference, of the Company designated as its "September 1992B Series Auction Market Preferred Stock."

New Preferred means the Series D Convertible Preferred Stock of the Company, par value $.001 per share.

New Preferred is as defined in Section 12.6.

New Preferred. The holders of at least 60% of the Series B Preferred Stock shall have the right to cause all holders of Series B Preferred Stock to convert such shares of Series B Preferred Stock into a new series of preferred stock ("New Preferred"), if the Company consummates a transaction for the sale of such New Preferred with 90 days following the issuance of the first Share by the Company.