Series B Junior Stock definition

Series B Junior Stock means, with respect to the Series B Preferred Stock, the Common Stock and any other class or series of capital stock of the Corporation ranking junior to the Series B Preferred Stock (as the context requires) in respect of rights to receive dividends, distributions, proceeds, payments on Capital Stock of the Corporation and redemption rights or otherwise not entitled to receive any assets upon any Liquidation until the Series B Preferred Stock shall have received the entire amount to which such stock is entitled upon such Liquidation.
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Series B Junior Stock means the Common Stock and any equity security of the Corporation that does not, by its terms, ranks senior to or on parity with the Series B Preferred Stock with respect to rights upon a Liquidation Event (whether the liquidation prices per share thereof be different from those of the Series B Preferred Stock) resulting in the holders of any such class of stock or series being entitled to any other amounts distributable upon any Liquidation Event only after the holders of the Series B Preferred Stock shall have received the Series B Liquidation Preference.
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Series B Junior Stock means the Common Stock and each other class of the Corporation’s capital stock or series of preferred stock established after the date hereof, by the Board of Directors, the terms of which do not expressly provide that such class or series ranks senior to or on a parity with the Series B Preferred Stock as to dividend rights or rights upon the liquidation, winding-up or dissolution of the Corporation.
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Examples of Series B Junior Stock in a sentence

  • In the event of any Liquidation, before any distribution or payment shall be made to the holders of Series B Junior Stock, the holders of the Series B Preferred Stock shall be entitled to be paid, in cash, out of the assets of the Corporation available for distribution to its stockholders, an amount equal to the aggregate Series B Liquidation Preference of all outstanding shares of Series B Preferred Stock plus any accrued and unpaid dividends thereon.

  • The Series B Preferred Stock shall, with respect to dividend rights, distributions, redemption rights and rights on Liquidation rank (i) pari passu with any Series B Parity Stock and (ii) senior to all Series B Junior Stock.

  • For so long as any shares of Series B Preferred Stock are outstanding, the Corporation shall not declare or pay any dividends or make any other distributions on, any shares of Series B Junior Stock (or rights to acquire Series B Junior Stock) now or hereafter outstanding, return any capital or make any distribution to the holders of any capital stock, or permit any Subsidiary to do any of the foregoing.

  • The only issue to be determined in the arbitration shall be whether the proposed recipient of Series B Junior Stock has legitimate business interests which are materially adverse to the holders of Series B Preferred Stock.

  • Until the holders of the Series B Preferred Stock have been paid the Series B Liquidation Preference in full, no payment will be made to any holder of Series B Junior Stock upon the liquidation, dissolution or winding up of the Corporation.

  • All shares of Common Stock and Series B Junior Stock that may be issued upon conver- sion of Series A Preferred Stock shall be fully paid and nonassessable.

  • The Series B Junior Stock shall rank, with respect to the payment of dividends and the distribution of assets upon liquidation, dissolution or winding up of the Corporation, junior to all other series of Preferred Stock (unless the terms of any such series shall provide otherwise) and senior to the Common Stock.

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

  • Series B Junior Stock may be issued in fractions of a share which shall entitle the holder, in propor- tion to such holder's fractional shares, to exercise voting rights, receive dividends, participate in distributions and to have the benefit of all other rights of holders of Series B Junior Stock.

  • The Corporation shall (i) endeavor to comply with all securities laws regulating the offer and delivery of shares of Common Stock and Series B Junior Stock upon conversion of Series A Preferred Stock and (ii) shall endeavor to list such shares of Common Stock on each national securities exchange or automated quotation system on which the Common Stock is listed.


More Definitions of Series B Junior Stock

Series B Junior Stock means the Common Stock, the Series A Preferred Stock and any other class or series of stock of the Corporation hereafter authorized over which the Series B Preferred Stock has preference or priority either or both as to the payment of dividends and in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.
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Series B Junior Stock means and includes the Series A Preferred Stock, Common Stock, and any other series of Preferred Stock ranking on liquidation junior to the Series B Preferred Stock.
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Related to Series B Junior Stock

  • Junior Stock means the Corporation’s common stock and any other class or series of stock of the Corporation hereafter authorized over which Series I Preferred Stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • Senior Stock means any class or series of stock of the Company now existing or hereafter authorized which has preference or priority over the Series AA Preferred Stock as to the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

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

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Parity Stock means any class or series of stock of the Corporation (other than Designated Preferred Stock) the terms of which do not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Corporation (in each case without regard to whether dividends accrue cumulatively or non-cumulatively).

  • Junior Shares means the Common Shares and any other class or series of shares of beneficial interest of the Trust now or hereafter issued and outstanding over which the Series 1 Preferred Shares has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Trust.

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

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

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

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

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

  • Fully Junior Shares means the Common Shares and any other class or series of shares of the Company now or hereafter issued and outstanding over which the Series E Preference Shares have preference or priority in both (i) the payment of dividends and (ii) the distribution of assets on any liquidation, dissolution or winding up of the Company.

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

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

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

  • Series A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

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

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

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

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

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

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

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

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

  • 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-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.