Initial Preferred Stock definition

Initial Preferred Stock means the 200,000 shares of Preferred Stock issued by the Company to the Investors at the Closing pursuant to the Purchase Agreement.

Initial Preferred Stock means the Qualified Preferred ----------------------- Stock issued by Holdings on the Initial Borrowing Date pursuant to the Merger Agreement (and shall include Qualified Preferred Stock issued as dividends thereon in accordance with the terms thereof).

Initial Preferred Stock has the meaning set forth in the recitals herein.

Examples of Initial Preferred Stock in a sentence

• The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto and shall be payable in United States Dollars.

• The Purchaser must bear the economic risk of this investment indefinitely unless the Initial Preferred Stock, the Option Preferred Stock, the Dividend Stock, the Warrants, the Warrant Stock or the Conversion Stock are registered pursuant to the Securities Act, or an exemption from registration is available.

• Such Security shall have been duly executed and delivered by the Company and, if applicable, duly authenticated or countersigned pursuant to the applicable Transaction Document.

• Neither the Company nor any agent on its behalf (a) has solicited or will solicit any offers to sell or has offered to sell or will offer to sell all or any part of the Initial Preferred Stock or the Option Preferred Stock to any person or persons or (b) will take any action hereafter, so as to bring the sale of such shares by the Company within the registration provisions of the Securities Act or any state securities laws.

• No later than the Closing Date (as defined below), the Company shall deliver one or more certificates representing the Initial Preferred Stock duly executed on behalf of the Company (collectively, the "Certificate") to the Escrow Agent.

More Definitions of Initial Preferred Stock

Initial Preferred Stock means 1,473,684 shares of Preferred Stock issued on the Initial Closing Date.

Initial Preferred Stock means the Qualified Preferred Stock issued by Holdings on the Initial Borrowing Date pursuant to the Merger Agreement (and shall include Qualified Preferred Stock issued as dividends thereon in accordance with the terms thereof).

Initial Preferred Stock shall have the meaning set forth in Section 1.2(b).

Initial Preferred Stock means the Preferred Stock issued at the ----------------------- Initial Closing.

Initial Preferred Stock means the 3,500 shares of the Series D Convertible Preferred Stock, par value $0.01 per shares of Parent, having a stated value of $10,000 per share issued and outstanding as of the Closing Date.

Initial Preferred Stock means shares of Preferred Stock that are not shares of New Preferred Stock.

Initial Preferred Stock means the 200,000 shares of Series A Preferred Stock issued by the Corporation to the Purchasers pursuant to the Purchase Agreement.