Common use of Preferred Share Provisions Clause in Contracts

Preferred Share Provisions. Each one ten-thousandth of a Preferred Share, if issued: • will not be redeemable. • will entitle holders to dividends equal to the dividends, if any, paid on one share of common stock. • will entitle holders upon liquidation either to receive $1.00 per share or an amount equal to the payment made on one share of common stock, whichever is greater. • will vote together with the common stock as one class on all matters submitted to a vote of stockholders of the Company and will have the same voting power as one share of common stock, except as otherwise provided by law. • will entitle holders to a per share payment equal to the payment made on one share of common stock, if shares of our common stock are exchanged via merger, consolidation, or a similar transaction. The value of one ten-thousandth interest in a Preferred Share is expected to approximate the value of one share of common stock.

Appears in 3 contracts

Samples: Section 382 Rights Agreement (Lumen Technologies, Inc.), Section 382 Rights Agreement (Centurylink, Inc), Centurylink, Inc

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Preferred Share Provisions. Each one ten-thousandth of a Preferred Share, if issued: • will not be redeemable. • will entitle holders to dividends equal to the dividends, if any, paid on one share of common stock. • will entitle holders upon liquidation either to receive $1.00 per share or an amount equal to the payment made on one share of common stock, whichever is greater. • will vote together with the common stock as one class on all matters submitted to a vote of stockholders of the Company and will have the same voting power as one share of common stock, except as otherwise provided by law. • will entitle holders to a per share payment equal to the payment made on one share of common stock, if shares of our common stock are exchanged via merger, consolidation, or a similar transaction. The value of one ten-thousandth interest in a Preferred Share is expected to approximate the value of one share of common stock.

Appears in 1 contract

Samples: Rights Agreement (Novastar Financial Inc)

Preferred Share Provisions. Each one ten-thousandth of a Preferred Share, if issued: · will not be redeemable. · will entitle holders to dividends equal to the dividends, if any, paid on one share of common stock. · will entitle holders upon liquidation either to receive $1.00 per share or an amount equal to the payment made on one share of common stock, whichever is greater. · will vote together with the common stock as one class on all matters submitted to a vote of stockholders of the Company and will have the same voting power as one share of common stock, except as otherwise provided by law. · will entitle holders to a per share payment equal to the payment made on one share of common stock, if shares of our common stock are exchanged via merger, consolidation, or a similar transaction. The value of one ten-thousandth interest in a Preferred Share is expected to approximate the value of one share of common stock.

Appears in 1 contract

Samples: Rights Agreement (Level 3 Communications Inc)

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Preferred Share Provisions. Each one ten-thousandth of a Preferred Share, if issued: • will not be redeemable. • will entitle holders to dividends equal to the dividends, if any, paid on one share of common stock. • will entitle holders upon liquidation either to receive $1.00 per share or an amount equal to the payment made on one share of common stock, whichever is greater. • will vote together with the common stock as one class on all matters submitted to a vote of stockholders shareholders of the Company and will have the same voting power as one share of common stock, except as otherwise provided by law. • will entitle holders to a per share payment equal to the payment made on one share of common stock, if shares of our common stock are exchanged via merger, consolidation, or a similar transaction. The value of one ten-thousandth interest in a Preferred Share is expected to approximate the value of one share of common stock.

Appears in 1 contract

Samples: Section 382 Rights Agreement (Lumen Technologies, Inc.)

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