Examples of Class A Cumulative Preferred Stock in a sentence
The series of preferred stock authorized hereunder shall be designated as the "Class A Cumulative Preferred Stock." The number of shares constituting such series shall initially be 10,000,000, which number may from time to time be changed (but not above 10,000,000 or below the number then outstanding) by the Board of Directors.
This class of Preferred Stock shall be designated as Class A Cumulative Preferred Stock (the “Class A Preferred Stock”) and 5,000,000 shall be the authorized number of shares of such Class A Preferred Stock constituting such class.
A class of Preferred Stock of the Company designated as "7.9% Class A Cumulative Preferred Stock" (the "Class A Preferred Stock") is hereby established.
The shares of such series shall be designated as “Class A Cumulative Preferred Stock” and the number of shares constituting Class A Cumulative Preferred Stock shall be 1,000.
All dividends declared or paid upon shares of Class A Cumulative Preferred Stock shall be declared or paid to all holders of Class A Cumulative Preferred Stock ratably in accordance with the respective amounts of unpaid Accruing Dividends on such shares.
During January 2001, the Cooperative issued shares of its Class A Cumulative Preferred Stock in exchange for shares of its Non-Cumulative Preferred Stock, on a share-for-share basis.
Notwithstanding the foregoing, the Company may issue (i) Capital Stock in the Company which may be issued under the Company's existing stock option plans and 401(k) plans, so long as such shares outstanding in these plans do not represent greater than 15% of the fully diluted shares of the Company at any given time, (ii) Capital Stock issued as part of the Company's Qualified Offering, and (iii) Capital Stock issued pursuant to the Class A Cumulative Preferred Stock.
After payment in full to the holders of Class A Cumulative Preferred Stock of the aggregate Total Liquidation Amount as aforesaid, holders of Class A Cumulative Preferred Stock shall, as such, have no right or claim to any of the remaining assets of the Corporation.
Any attempt to sum up an individual is doomed to failure, at least from that individual’s own perspective.
The Class A Cumulative Preferred Stock shall, with respect to dividends and rights on liquidation, winding up and dissolution, rank senior and prior to any equity securities of the Corporation.