Class G Preferred Stock definition
Examples of Class G Preferred Stock in a sentence
Each such distribution shall be payable to the holders of record of the Class G Partnership Preferred Units, as they appear on the records of the Partnership at the close of business on the record date for the dividend payable with respect to the Class G Preferred Stock on such Distribution Payment Date.
On every Distribution Payment Date, the holders of Class G Partnership Preferred Units shall be entitled to receive distributions payable in cash in an amount per Class G Partnership Preferred Unit equal to the per share dividend payable on the Class G Preferred Stock on such Distribution Payment Date.
Until the holders of the Class G Partnership Preferred Units have been paid the Liquidation Preference in full, plus an amount equal to all dividends (whether or not earned) accumulated, accrued and unpaid on the Class G Preferred Stock to the date of final distribution to such holders, no payment will be made to any holder of Junior Partnership Units upon the liquidation, dissolution or winding up of the Partnership.
All remedies, either under this Agreement or by Law or otherwise afforded to any holder of shares of Class G Preferred Stock or shares of Conversion Stock, shall be cumulative and not alternative, and any person having any rights under any provision of this Agreement will be entitled to enforce such rights specifically, to recover damages by reason of any breach of this Agreement and to exercise all other rights granted by Law, equity or otherwise.
The Company will cause to be delivered, by first-class mail, postage prepaid, facsimile or overnight courier, to each Warrantholder at such Warrantholder's address appearing on the Warrant Register, a copy of any reports delivered by the Company to any of the holders of Class G Preferred Stock as provided in the Securities Purchase Agreement or to holders of the Common Stock.
The Warrants shall be originally issued by the Company in connection with the issuance of Class G Preferred Stock pursuant to the Securities Purchase Agreement.
Any waiver, permit, consent or approval of any kind or character on the part of any holder of any shares of Class G Preferred Stock or shares of Conversion Stock with respect to any breach or default under this Agreement, or any waiver on the part of any holder of shares of Class G Preferred Stock or shares of Conversion Stock of any provisions or conditions of this Agreement, must be in writing signed by such holder and shall be effective only to the extent specifically set forth in such writing.
Subject to applicable law, the terms, designations, powers, preferences and relative, participating, optional and other special rights, and the qualifications, limitations and restrictions, of the Class G Preferred Stock will be as stated in the Certificate of Designation.
The Lenders shall have received a solvency certificate in form and substance satisfactory to the Lenders, or other evidence satisfactory to the Lenders, as to the solvency, after giving effect to the Refinancing, including the repurchase and/or redemption of the Class G Preferred Stock, of each of the Parent, the Borrower, IU International, IMSAMET and TDS.
The Class G Preferred Stock and the Conversion Stock, when issued in compliance with the provisions of this Agreement and the Certificate of Designation, will be validly issued and outstanding, fully paid and nonassessable with no personal liability attaching to the ownership thereof.