Specified Preferred Stock means any shares of Preferred Stock purchased by the Strategic Investor (or one of its designated Affiliates) pursuant to Section 9.3(a)(ii), Section 9.3(b)(i) or Section 9.3(b)(ii) of the Collaboration Agreement.

Specified Preferred Stock means any preferred stock of the Company that does not contain features permitting (i) any conversion or exchange of such preferred stock to common stock or other Equity Securities of the Company (other than any other Specified Preferred Stock), (ii) any right to participate with the Company’s common stock or other Equity Securities (other than any other Specified Preferred Stock), (iii) any variable dividends or distributions based on the Company’s performance or (iv) any discretionary distributions or discretionary dividends; provided that such preferred stock may have liquidation preferences (to the extent such liquidation preferences are not based on the Company’s performance).

Examples of Specified Preferred Stock in a sentence

None of the Borrowers will permit the redemption or call of the Specified Preferred Stock for cash at any time prior to the Revolving Credit Expiration Date.
Grants are subject to audit to determine compliance with their requirements.
Chaban, “In Wealthy Pocket of Connecticut, an Innovative Approach to Affordable Housing,” The New York Times, April 25, 2016, sec.
Issue any preferred Equity Interests, except for (a) Qualified Equity Interests, (b) Disqualified Equity Interests permitted under Section 4.3(e), (c) preferred Equity Interests issued to Loan Parties and (d) Equity Interests issued by Debtor, including Specified Preferred Stock.
The Borrower will not, nor will it permit any of its Subsidiaries to enter into or permit any modification or amendment of, or waive any material right or obligation of any Person under its Organizational Documents if the effect thereof would be materially adverse to the Administrative Agent or any Lender; provided that nothing in this Section 6.13 shall prohibit any modification of the organizational documents of the Borrower in connection with the issuance or conversion of the Specified Preferred Stock.

More Definitions of Specified Preferred Stock

Specified Preferred Stock means preferred stock of any entity which includes mandatory redemption provisions without regard to the date of any such final redemption whether or not such preferred stock shall be classified as indebtedness in accordance with Frozen GAAP.

Specified Preferred Stock means (a) the Series C Preferred Stock, (b) the Series D Preferred Stock, (c) the Series E Preferred Stock, (d) the Series F Preferred Stock, (e) any Equity Interests issued in connection with a conversion of the Second Lien Facility and (f) any Equity Interests of the Borrower that (i) are perpetual preferred stock, (ii) are not Disqualified Capital Stock, (iii) do not require the scheduled payments of dividends in cash or Cash Equivalents prior to the Maturity Date (it being understood, for the avoidance of doubt, that dividends in the form of additional Specified Preferred Stock or accrual to the stated value or liquidation preference thereof are permitted) and (iv) are not and do not become convertible into or exchangeable for Indebtedness or any other Equity Interests that would (A) constitute Disqualified Capital Stock or (B) provide for the required scheduled payments of dividends in cash or Cash Equivalents prior to the Maturity Date.

Specified Preferred Stock. Capital Stock issued by the Borrower constituting preferred stock that (i) has no terms requiring retirement, repayment, repurchase, redemption, distribution or sinking fund payment (including any requirement that the issuer thereof offer to take any of the foregoing actions) prior to the date that is one year after the Revolving Credit Termination Date and (ii) has terms material to the interests of the Lenders, including, without limitation, the amount and terms of any dividends payable thereon and any material voting or director designation rights, that are satisfactory to the Required Lenders, provided that the aggregate liquidation preference amount of all such Specified Preference Stock does not exceed, when added to the aggregate amount of Subordinated Indebtedness outstanding at such time, $25,000,000 at any time.

Specified Preferred Stock means Equity Interests of the Borrower that (a) are perpetual preferred stock, (b) are not Disqualified Stock, (c) do not require the scheduled payments of dividends in cash, cash equivalents or Permitted Investments prior to the Maturity Date (it being understood, for the avoidance of doubt, that dividends in the form of additional Specified Preferred Stock or accrual to the stated value or liquidation preference thereof are permitted) and (d) are not and do not become convertible into or exchangeable for Indebtedness or any other Equity Interests that would (i) constitute Disqualified Stock or (ii) provide for the required scheduled payments of dividends in cash, cash equivalents or Permitted Investments prior to the Maturity Date.

Specified Preferred Stock any preferred stock of the Borrower (as designated in the Borrower's charter documents in effect on the date hereof) issued to common stockholders from time to time (i) compliance with the terms of which would not violate or be inconsistent with any of the provisions of this Agreement and (ii) which does not have any mandatory payment, dividend, redemption or similar covenants. "STANDBY LETTER OF CREDIT": as defined in paragraph 3.1(b)(i)(1). "STOCK PURCHASE AGREEMENT": the Stock Purchase Agreement, dated as of October 27, 2000, by and between ATCDG Holdings Corp, Inc., ATCDG Acquisition Corp., Inc. and the Borrower, as amended.