Common use of Preferred Share Provisions Clause in Contracts

Preferred Share Provisions. Each one one-thousandth of a Preferred Share, if issued: • will not be redeemable; • will entitle holders to quarterly dividend payments of $0.001 per one one-thousandth of a share or an amount equal to the dividend paid on one share of common stock, whichever is greater; • will entitle holders upon liquidation either to receive $1.00 per one one-thousandth of a share or an amount equal to the payment made on one share of Common Stock, whichever is greater; • will have the same voting power as one share of Common Stock; and • if shares of Common Stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a payment per one one-thousandth of a share equal to the payment made on one share of Common Stock. The value of one one-thousandth interest in a Preferred Share should approximate the value of one share of Common Stock.

Appears in 2 contracts

Samples: Rights Agreement (Jason Industries, Inc.), Rights Agreement (Jason Industries, Inc.)

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Preferred Share Provisions. Each one one-thousandth of a Preferred Share, if issued: • will not be redeemable; . • will entitle holders to quarterly dividend payments of $0.001 per one one-thousandth of a share or an amount dividends equal to the dividend dividends, if any, paid on one share of common stock, whichever is greater; . • will entitle holders upon liquidation either to receive $1.00 1 per one one-thousandth of a share or an amount equal to the payment made on one share of Common Stockcommon stock, whichever is greater; . • will have the same voting power as one share of Common Stock; and common stock. will entitle holders to a per share payment equal to the payment made on one share of common stock, if shares of Common Stock our common stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a payment per one one-thousandth of a share equal to the payment made on one share of Common Stock. The value of one one-thousandth interest in a Preferred Share should is expected to approximate the value of one share of Common Stockcommon stock.

Appears in 2 contracts

Samples: Rights Agreement (Dolan Co.), Rights Agreement (AV Homes, Inc.)

Preferred Share Provisions. Each one one-thousandth of a Preferred Share, if issued: · will not be redeemable; • . · will entitle holders to cumulative quarterly dividend payments of $0.001 .001 per each one one-thousandth of a share Preferred Share, or an amount equal to the dividend paid on one share of common stock, whichever is greater; • . · will entitle holders upon liquidation either to receive $1.00 .001 per each one one-thousandth of a share Preferred Share, plus accumulated dividends, or an amount equal to the payment made on one share of Common Stockcommon stock, whichever is greater; • . · will have the same voting power as one share of Common Stock; and • common stock. · if shares of Common Stock our common stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a per share payment per one one-thousandth of a share equal to the payment made on one share of Common Stockcommon stock. The value of one one-thousandth interest in a Preferred Share should approximate the value of one share of Common Stockcommon stock. Expiration. The Rights will expire on June 18, 2019.

Appears in 1 contract

Samples: Rights Agreement (Mines Management Inc)

Preferred Share Provisions. Each one one-thousandth hundredth of a Preferred Share, if issued: • will not be redeemable; . • will entitle holders to quarterly dividend payments of $0.001 .01 per one one-thousandth hundredth of a share share, or an amount equal to the dividend paid on one share of common stock, whichever is greater; . • will entitle holders upon liquidation either to receive $1.00 1 per one one-thousandth hundredth of a share or an amount equal to the payment made on one share of Common Stockcommon stock, whichever is greater; . • will have the same voting power as one share of Common Stock; and common stock. • if shares of Common Stock our common stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a per share payment per one one-thousandth of a share equal to the payment made on one share of Common Stockcommon stock. The value of one one-thousandth hundredth interest in a Preferred Share should approximate the value of one share of Common Stockcommon stock.

Appears in 1 contract

Samples: Rights Agreement (Gaylord Entertainment Co /De)

Preferred Share Provisions. Each one one-thousandth of a share of Series B Preferred ShareStock, if issued: • will not be redeemable; • will entitle holders the holder thereof to quarterly dividend payments of $0.001 per one one-thousandth of a share or an amount equal to the dividend paid on one share of common stockCommon Stock, whichever is greater; • will will, upon any liquidation of the Company, entitle holders upon liquidation either the holder thereof to receive either $1.00 per one one-thousandth 0.001 plus accrued and unpaid dividends and distributions to the date of a share payment or an amount equal to the payment made on one share of Common Stock, whichever is greater; • will have the same voting power as one share of Common Stock; and • will, if shares of Common Stock are exchanged via merger, consolidation, consolidation or a similar transaction, will entitle holders thereof to a payment per one one-thousandth of a share equal to the payment made on one share of Common Stock. The value of one one-thousandth interest in a Preferred Share should approximate the value of one share of Common Stock.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan

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Preferred Share Provisions. Each one one-thousandth of a share of Series B Preferred ShareStock, if issued: · will not be redeemable; · will entitle holders the holder thereof to quarterly dividend payments of $0.001 per one one-thousandth of a share or an amount equal to the dividend paid on one share of common stockCommon Stock, whichever is greater; • will · will, upon any liquidation of the Company, entitle holders upon liquidation either the holder thereof to receive either $1.00 per one one-thousandth 0.001 plus accrued and unpaid dividends and distributions to the date of a share payment or an amount equal to the payment made on one share of Common Stock, whichever is greater; · will have the same voting power as one share of Common Stock; and · will, if shares of Common Stock are exchanged via merger, consolidation, consolidation or a similar transaction, will entitle holders thereof to a payment per one one-thousandth of a share equal to the payment made on one share of Common Stock. The value of one one-thousandth interest in a Preferred Share should approximate the value of one share of Common Stock.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Triumph Group Inc)

Preferred Share Provisions. Each one one-thousandth of a share of Preferred ShareStock, if issued: · will not be redeemable; · will entitle holders to quarterly dividend payments of $0.001 per one one-thousandth of a share share, or an amount equal to the dividend paid on one share of common stockCommon Stock, whichever is greater; · will entitle holders upon liquidation either to receive $1.00 1 per one one-thousandth of a share or an amount equal to the payment made on one share of Common Stock, whichever is greater; · will have the same voting power as one share of Common Stock; and · if shares of Common Stock the Company’s common stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a per share payment per one one-thousandth of a share equal to the payment made on one share of Common Stock. The value of one one-thousandth interest in a Preferred Share should approximate the value of one share of Common Stock.

Appears in 1 contract

Samples: Rights Agreement (Oshkosh Corp)

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