Disqualified Stock

Example Definitions of "Disqualified Stock"
Disqualified Stock. Means any capital stock that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case, at the option of the holder of the capital stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of the capital stock, in whole or in part, on or prior to the date that is 91 days after the date on which this Note matures.... The amount of Disqualified Stock deemed to be outstanding at any time will be the maximum amount that the Company and its Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock, exclusive of accrued dividends. View More Arrow
Found in AMYRIS, INC. contract
Disqualified Stock. Means any capital stock Capital Stock that, by its terms (or by the terms of any security into which it is convertible, convertible or for which it is exchangeable, in each case, at the option of the holder of the capital stock), Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of the capital stock, thereof, in whole or in part, on or prior to the date that is... 91 days after the date on which this Note matures. the Notes mature. Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change 17 of control or an asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with the terms of Section 4 of the Notes which addresses Restricted Payments. The amount of Disqualified Stock deemed to be outstanding at any time will for purposes hereof shall be the maximum amount that the Company and its Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock, exclusive of accrued dividends. View More Arrow
Found in Power Medical Interventions, Inc. contract
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Disqualified Stock. Means any capital stock of the Company or its Subsidiaries that the Company or its Subsidiaries is or, upon the passage of time or the occurrence of any event (in each case prior to December 31, 2006), may become obligated to redeem, purchase, retire, defease or otherwise make any payment in respect of, in consideration other than capital stock (other than Disqualified Stock).
Found in CoreCivic contract
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