Series B Participating Preferred Stock definition

Series B Participating Preferred Stock means the Series B Convertible Participating Preferred Stock, par value $.01 per share, of BlackRock and any securities issued in respect thereof, or in substitution therefor, or in substitution therefor in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization.

Series B Participating Preferred Stock has the meaning specified in Section 1.

Series B Participating Preferred Stock means the Series [B] Contingent Convertible Junior Participating Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, of the Corporation.

Examples of Series B Participating Preferred Stock in a sentence

• It is important to note that not every sexual assault results in pregnancy and not every survivor will choose to terminate their pregnancy.

• The Series B Participating Preferred Stock shall rank junior to all other series of the Corporation's Preferred Stock as to the payment of dividends and the distribution of assets, unless the terms of any such series shall provide otherwise.

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

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

• Series B Participating Preferred Stock may be issued in fractions of a share which shall entitle the holder, in proportion 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 Participating Preferred Stock.

• The Corporation shall not declare any dividend on, make any distribution on, or redeem or purchase or otherwise acquire for consideration any shares of Common Stock after the first issuance of a share or fraction of a share of Series B Participating Preferred Stock unless concurrently therewith it shall declare a dividend on the Series B Participating Preferred Stock as required by Section 3 hereof.

• Upon any liquidation, dissolution or winding up of the Corporation, the holders of shares of Series B Participating Preferred Stock shall be entitled to receive an aggregate amount per share equal to 1,000 times the aggregate amount to be distributed per share to holders of shares of Common Stock plus an amount equal to any accrued and unpaid dividends on such shares of Series B Participating Preferred Stock.

• Such Seller acknowledges and agrees that the certificates representing the Surviving Corporation Series B Participating Preferred Stock shall bear substantially the following legend: The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under any other applicable securities laws in reliance upon various exemptions therefrom.

• Such Re-Investing Shareholder understands that the Surviving Corporation Series B Participating Preferred Stock will be characterized as “restricted securities” under the Securities Act.

• Each of the Re-Investing Shareholders agrees to enter into a shareholders’ agreement with CGW (who together with the Re-Investing Shareholders will hold all of the outstanding shares of Surviving Corporation Series B Participating Preferred Stock) containing customary terms and conditions (the “Shareholders’ Agreement”).

More Definitions of Series B Participating Preferred Stock

Series B Participating Preferred Stock means the 6.00% Series B Participating Preferred Stock of the Parent with the preferences, conversion and other rights, voting powers, restrictions, limitations, qualifications and terms and conditions of redemption as described in the Series B Articles Supplementary.