SMI Preferred Stock definition

SMI Preferred Stock means the preferred stock, par value $0.01 per share, of SMI authorized by the SMI Certificate of Incorporation.
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SMI Preferred Stock means the Series A Preferred, Series B Preferred, Series C Preferred, Series D-l Preferred, Series D-2 Preferred, and Series E Preferred, each of which has no par value, of SMI.
Sample 1

Examples of SMI Preferred Stock in a sentence

  • Following the Equity Distribution and the SMI Preferred Stock Issuance and prior to the Effective Time, SLM BankCo shall contribute all of the Equity Interests of Existing SLM Holdco to Navient, such that Existing SLM Holdco becomes a wholly owned Subsidiary of Navient.

  • For the avoidance of doubt, the SLM BankCo Restricted Business shall not include (x) the ownership of the SMI Preferred Stock; (y) the provision of services to, or for the benefit of, Navient as set forth in the Transition Services Agreement or any other Ancillary Agreement or as otherwise requested by Navient; or (z) servicing or holding FFELP Loans owned by Xxxxxx Mae Bank at the Effective Time.

  • Following the Equity Distribution and prior to the Effective Time, SLM BankCo shall purchase from SMI 200 shares of SMI Preferred Stock for a purchase price of $800 the “SMI Preferred Stock Issuance”).

  • Existing SLM shall cause SMI to file the SMI Certificate of Incorporation with the Delaware Secretary of State prior to its issuance of the SMI Preferred Stock hereunder.

  • At the Effective Time, by virtue of the Merger, and without further action by any person or entity, each issued and outstanding share of CMJ Stock (as defined in Section 2.2) shall automatically converted into the right to receive 2,545.4545 shares of SMI Common Stock and 5.4545 shares of SMI Preferred Stock.

  • CAR would use information provided by firms during (and if the firm is higher risk, between) licensing periods, such as actual licensed sales data, to quickly identify firms that are at risk of being under-bonded.By reducing the likely draw on the TPF for routine insolvencies, the fund is more resilient to systemic risks, such as an airline collapse.

  • At the Effective Time, by virtue of the Merger, and without further action by any person or entity, each issued and outstanding share of CMJ Stock (as defined in Section 2.2) shall automatically converted into the right to receive 2,545.4545 shares of SMI Common Stock and 0.00727 shares of SMI Preferred Stock.

  • EVERY RESIDENT of the City of Xenia, Ohio who expects to receive taxable income, wherever earned, from which the Xenia income tax will not be completely withheld.

  • For a period commencing on the Closing Date hereof and terminating on the two (2) year anniversary of the Closing Date (the "Rights Period"), SMI shall grant each of the Stockholders, with respect to the shares of SMI Common Stock and SMI Preferred Stock being acquired by the Stockholders hereunder, rights on substantially similar terms to any such rights granted by SMI to the Next Stockholders during the Rights Period.

  • Fractional shares of either SMI Common Stock or SMI Preferred Stock to be issued hereunder shall be rounded to the nearest whole number.

Related to SMI Preferred Stock

  • New Preferred Stock means the Series B-1 Preferred Stock and the Series B-2 Preferred Stock.

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

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

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

  • Series H Preferred Stock means shares of the Company’s Series H 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 B Preferred Stock means shares of the Company’s Series B 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.

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

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • 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 E Preferred Shares means the Series E 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.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Class A Preferred Stock means the Company's Class A Convertible Preferred Stock, par value $.01 per share.

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

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

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

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

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

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

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

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

  • Series B Preferred Shares means the Series B 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.