Series B Junior Securities definition

Series B Junior Securities means (i) the Series C Preferred Units and (ii) any other class or series of Partnership Securities that, with respect to distributions on such Partnership Securities and distributions upon liquidation of the Partnership, ranks junior to the Series B Preferred Units, including but not limited to Common Units, but excluding any Series B Parity Securities and Series B Senior Securities.

Series B Junior Securities has the meaning set forth in Section 6.03(c) hereof.

Series B Junior Securities has the meaning given to such term in paragraph B(2).

Examples of Series B Junior Securities in a sentence

• The holders of shares of the Series B Preferred Stock in preference to the Series B Junior Securities shall be entitled to receive, out of funds legally available for that purpose, and when, as, and if declared by the Board of Directors of the Bank, preferential non-cumulative dividends payable in cash in an amount determined by applying the annual rate of LIBOR plus 200 basis points to the Series B Liquidation Value (the "Series B Dividend Rate").

• The Holders shall be entitled to receive the dividends provided for in paragraph B(3)(a) hereof in preference to and in priority over any dividends upon any of the Series B Junior Securities.

• If the liquidation preference has been paid in full to all holders of Series B Preferred Stock and any Series B Parity Securities, the holders of the Corporation’s Series B Junior Securities shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

• Such dividends shall accrue whether or not they have been declared and whether or not there are profits, surplus or other funds of the Corporation legally available for the payment of dividends, and such dividends shall be cumulative such that all accrued and unpaid dividends shall be fully paid or declared with funds irrevocably set apart for payment before any dividends, distributions, redemptions or other payments may be made with respect to any Series B Junior Securities.

• The Corporation may authorize and issue additional shares of Series B Junior Securities and Series B Parity Securities from time to time without the consent of the holders of the Series B Preferred Stock.

More Definitions of Series B Junior Securities

Series B Junior Securities has the meaning set forth in Section 5.02(b) hereof.

Series B Junior Securities means any class or series of Partnership Securities that, with respect to distributions on such Partnership Securities and distributions upon liquidation of the Partnership, ranks junior to the Series B Preferred Units, including but not limited to Common Units, Class K Units, Class L Units and the General Partner Interest, but excluding any Series B Parity Securities and Series B Senior Securities.

Series B Junior Securities has the meaning set forth in paragraph A(2) -------------------------- hereof.

Series B Junior Securities means any capital stock or other equity securities of the Corporation, except for the Senior Preferred Stock or the Junior Preferred Stock of the Corporation.

Series B Junior Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests and distributions upon liquidation of the Partnership, ranks junior to the Series B Preferred Units, including but not limited to Common Units, the General Partner Interest and the Special Limited Partner Interest, but excluding any Series B Parity Securities and Series B Senior Securities.

Series B Junior Securities means, collectively, the Common Stock, Series C Preferred Stock and each other class or series of Capital Stock of the Corporation issued after the date hereof of the terms of which specifically provide that such class or series shall rank junior to the Series B Preferred Stock as to dividend distributions or distributions upon the liquidation, winding up or dissolution of the Corporation.

Series B Junior Securities means the Common Stock and any other equity securities of the Company ranking junior to the Company's Series B Junior Convertible Preferred Stock either as to dividends or upon liquidation, dissolution or winding up.