Non-Preferred Stock definition

Non-Preferred Stock. Means the common stock of the Borrower and the shares to be issued by the Borrower which rank junior to the Equivalent Securities with respect to the right to receive dividends from surplus and distribution of residual assets. Subordinated Syndicated Loan Agreement dated October 26, 2018, for Takeda Pharmaceutical Company Limited
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Non-Preferred Stock means the Common Stock and any other class of capital stock of Pegasystems (regardless of how denominated) unless such class is limited in respect of the right to participate in dividends or distributions to an amount that is (i) fixed or (ii) set by formula, auction or similar mechanism without reference to the amount of Pegasystems earnings or surplus (e.g., by reference to a floating interest rate).
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Examples of Non-Preferred Stock in a sentence

  • For purposes of the foregoing sentence, "fair market value" of the Warrant Shares will be determined in good faith by a majority of the Non-Preferred Stock Directors of the Company, as of the date of any such exercise.

  • Guarantor Subsidiaries are party to that certain Payment Guaranty of REIT and of Preferred Stock Subsidiaries dated August 16, 1999 and that certain Payment Guaranty of Non-Preferred Stock Subsidiaries dated August 16, 1999, in each case as amended at even date herewith, pursuant to which Guarantor Subsidiaries have guarantied the Obligations.

  • The Company from time to time may, by a vote of the Board of Directors (by a majority of Non-Preferred Stock Directors), reduce the Exercise Price by any amount for any period of time if the period is at least 20 business days and if the reduction is irrevocable during the period; provided, however, that in no -------- ------- event may the Exercise Price be less than the par value of a share of Common Stock.

  • Any such grant of rights or remedies larger, different or more extended shall be a material breach of this Agreement, and Reseller will defend and hold StreamServe harmless against any and all damages suffered by StreamServe as a consequence of failure by Reseller to make enforceable with regard to Reseller Customers terms at least as protective of StreamServe’s rights as the terms and conditions set out in Exhibit E.