Public Preferred Stock definition

Public Preferred Stock means the Cumulative Exchangeable Preferred Stock, $.001 par value, 12 1/2% dividend rate per annum, of which 170,782 shares are currently outstanding with a liquidation preference of $1,000 per share.
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Public Preferred Stock means a class or series of preferred stock of the Company that is sold by the Company in a public offering registered under the Securities Act. For the avoidance of doubt, the Note Holders are not obligated to exchange their Exchange Preferred Shares for shares of Public Preferred Stock, but the Note Holders will not have any registration rights with respect to the Exchange Preferred Shares (and will have registration rights with respect to preferred stock only if the Note Holders exchange all of their Exchange Preferred Shares for shares of Public Preferred Stock).
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Public Preferred Stock means the 3,185,586 shares of 12% Cumulative Exchangeable Redeemable Preferred Stock issued by the Borrower and outstanding as of the Closing Date, which (as of the Closing Date) trades over the OTC Bulletin Board and the OTCQB marketplace.
Sample 1

Examples of Public Preferred Stock in a sentence

  • The obligations of the Purchaser to buy the Public Preferred Stock are conditioned upon the Purchaser having the funds to do so and the Purchaser being satisfied with Shareholder's title to the Public Preferred Stock tendered pursuant to the Stock Purchase Agreement.

  • The Seller is the owner of _____ shares of Telos Corporation's twelve percent (12%) cumulative exchangeable, redeemable, preferred stock, par value one penny ($.01) per share (the "Public Preferred Stock"), with such shares owned xx Xxller hereinafter referred to as "Seller's Shares".

  • Within five (5) days after the execution of this Agreement, the Seller will deposit with the Escrow Agent a certificate for Seller's shares in the Public Preferred Stock, endorsed in blank.

  • The Seller shall sell and the Purchaser shall purchase all of the Seller's shares in the Public Preferred Stock at the price of Four Dollars ($4.00) per share.

  • Costa Brava alleges, among other things, that Telos and an independent committee of the Board of Directors have done nothing to improve what they claim to be Telos’ insolvency, or its ability to redeem the Public Preferred Stock and pay accrued dividends.

  • Within ten (10) days after the execution of the various Purchase Agreements, each of the Shareholders will deposit with the Escrow Agent their certificate for the number of shares of the Public Preferred Stock listed below, endorsed in blank.

  • On December 22, 2005, Telos’ Board of Directors established a special litigation committee (“Special Litigation Committee”) comprised of independent directors to review and evaluate the matters raised in the derivative suit filed against Telos by Costa Brava relating to Telos’ Public Preferred Stock.

  • At the special meeting, two Class D directors were elected by the holders of Public Preferred Stock.

  • The Complaint alleges that Telos and its officers and directors have engaged in tactics to avoid paying mandatory dividends on the Public Preferred Stock, and asserts that the Public Preferred Stock has characteristics of debt instruments even though issued by Telos in the form of stock.

  • Questions and requests for assistance may be directed to the Information Agent at the address and telephone number set forth below.

Related to Public Preferred Stock

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 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 Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

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

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

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

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

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

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

  • Voting Preferred Stock means, with regard to any matter as to which the holders of Series T are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series T) that rank equally with Series T 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.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 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.

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

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

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

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

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

  • 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.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Company Series A Preferred Stock means the Series A 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 A Preferred Units has the meaning assigned to such term in Section 5.11(a).