Senior Preference definition

Senior Preference means the stated value of all outstanding Senior Securities, plus any other fees, liquidated damages or dividends then due and owing thereon.
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Senior Preference means the aggregate Senior Per Share Preference payable with respect to the shares of Target Senior Preferred Stock outstanding immediately prior to the Effective Time.
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Senior Preference means the stated value of all outstanding shares of the Company’s Series C 8% Convertible Preferred Stock, plus any other fees, liquidated damages or dividends then due and owing thereon.
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Examples of Senior Preference in a sentence

  • No payment shall be made with respect to the Series C Preferred Stock or Common Stock unless and until fall payment has been made to the holders of the Senior Preferred Stock of the full Senior Preference Amount.

  • Such amount is sometimes hereinafter referred to as the "SENIOR PREFERENCE AMOUNT." If the assets of the Corporation shall be insufficient to permit the payment in full to the holders of the Senior Preferred Stock of the entire Senior Preference Amount so distributable to them, then the entire assets of the Corporation available for such distribution shall be distributed ratably among the holders of the Senior Preferred Stock in proportion to the full.

  • No payment shall be made with respect to the Series C Preferred: Stock or Common Stock unless and until full payment has been made to the holders of the Senior Preferred Stock of the full Senior Preference Amount.

  • Senior Preference Amount each such: holder is otherwise entitled to receive under this Section 1(a)(j).

  • The Registrar is hereby appointed Registrar for the purpose of registering Senior Preference Units and Preference Units and transfers of such Senior Preference Units and Preference Units as herein provided.

  • If upon any Liquidation the assets of the Corporation available for distribution to its stockholders shall be insufficient to pay the holders of Senior Preferred Stock the full Senior Preference Amounts to which they shall be entitled, the holders of each series of Senior Preferred Stock shall share pro rata in any distribution of assets in accordance with their respective Senior Preference Amounts.

  • After distribution to the holders of Senior Preferred Stock of the full Senior Preference Amount set forth in Section 2(a)(i) and distribution to the holders of Junior Preferred Stock of the full Junior Preference Amount set forth in Section 2(a)(ii), the holders of Common Stock shall be entitled to receive, on a PRO RATA basis, the remaining assets of the Corporation available for distribution to its stockholders.

  • After the payment in full of all Senior Preference Amounts, the remaining assets of the Corporation shall be distributed in accordance with Section A.4(b).

  • In accordance with the Partnership Agreement, the payment of this distribution ends the Preference Period, and all differences and distinctions between Senior Preference Units, Preference Units and Common Units automatically cease.

  • If the assets and funds thus distributed among the holders of the Senior Preferred Shares shall be insufficient to permit the payment to such holders of Senior Preference Amount, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the holders of the Senior Preferred Shares in proportion to the aggregate Senior Preference Amount each such holder is otherwise entitled to receive pursuant to this subparagraph (a).

Related to Senior Preference

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

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

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Initial Liquidation Preference means one thousand dollars ($1,000.00) per share of Convertible Preferred Stock.

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.