Examples of Voting Preference Stock in a sentence
Each holder of Voting Preference Stock shall vote all shares of Voting Preference Stock owned by him in accordance with the vote of holders of a majority of the shares of Voting Preference Stock.
Notwithstanding the foregoing, no change in voting power triggered solely by the holders of shares of Voting Preference Stock of the Company beginning to vote as a class with holders of Class A Voting Common Stock of the Company shall be deemed a Change in Control under this Plan.
Each holder of Voting Preference Stock shall vote all shares of Voting Preference Stock owned by him in accordance with the vote of holders of two-thirds of the shares of Voting Preference Stock.
Except as disclosed on Schedule X or referred to in this Section 3.9, each stockholder agrees that it will not, directly or indirectly, deposit any of his or its shares of Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Voting Preference Stock and/or Common Stock in a voting trust or other similar arrangement or, except as expressly provided herein, subject such shares to a voting agreement or other similar arrangements.
The shares of Common Stock or Preferred Stock, as the case may be, issued upon conversion of the Preferred Stock and the Common Stock (other than the Voting Preference Stock), when issued pursuant to the terms thereof, will be validly issued, fully paid and nonassessable, and will be free of any Liens caused or created by the Company, except as set forth in the Stockholders Agreement and the Restated Certificate.
The absence of a quorum of the holders of Common Stock shall not affect the exercise by the holders of Voting Preference Stock of such voting right.
In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of the Series C Voting Preference Stock shall be entitled to receive the greater of (a) $200 per share, or (b) an amount per share, subject to the provision for adjustment hereinafter set forth, equal to 200 times the aggregate amount to be distributed per share to holders of Common Stock, plus in either instance accrued dividends to the date of distribution, whether or not earned or declared.
Notice of such meeting and of any annual meeting at which holders of Voting Preference Stock are entitled to vote pursuant to this paragraph (C)(iii) shall be given to each holder of record of Voting Preference Stock by mailing a copy of such notice to him at his last address as the same appears on the books of the Corporation.
Each holder of shares of any series of the Voting Preference Stock of the Company entitled to vote which has a stated value other than $10,000 on involuntary liquidation shall be entitled to as many full votes or a fractional vote, as the case may be, for each share held as determined by the ratio of the stated value on involuntary liquidation of a share of each such series to the sum of $10,000.
Voting Preference Stock shall rank junior to the Preferred Stock as to dividends and assets.