Parity Dividend Stock definition

Parity Dividend Stock means any class or series or the Corporation's capital stock ranking, as to dividends, on a parity with the Series B Convertible Preferred Stock.

Parity Dividend Stock means shares of any class or series of capital stock of the Corporation that rank on a parity with the Series C Preferred Stock as to payment of dividends.

Parity Dividend Stock means any class or series of the Corporation's capital stock ranking, as to dividends, on a parity with the Series B Convertible Preferred Stock, including, without limitation, the Series A Convertible Preferred Stock.

Examples of Parity Dividend Stock in a sentence

• No full dividends shall be paid or declared and set apart for payment on the Convertible Preferred Stock for any period unless full cumulative dividends have been, or contemporaneously are, paid or declared and set apart for payment on any Parity Dividend Stock for all dividend periods terminating on or prior to the date of payment of such full cumulative dividends.

• No full dividends shall be paid or declared and set apart for payment on the Series B Convertible Preferred Stock for any period unless all accrued but unpaid dividends have been, or contemporaneously are, paid or declared and set apart for payment on the Parity Dividend Stock for all dividend periods terminating on or prior to the date of payment of such full dividends.

• No full dividends shall be paid or declared and set apart for payment on the Series A Convertible Preferred Stock for any period unless all accrued but unpaid dividends have been, or contemporaneously are, paid or declared and set apart for payment on the Parity Dividend Stock for all dividend periods terminating on or prior to the date of payment of such full dividends.

• No full dividends shall be paid or declared and set apart for payment on any Parity Dividend Stock for any period unless all accrued but unpaid dividends (and interest on dividends in arrears at the rate specified herein) have been, or contemporaneously are, paid or declared and set apart for such payment on the Series A Convertible Preferred Stock.

• No dividends shall be paid on Parity Dividend Stock except on dates on which dividends are paid on the Convertible Preferred Stock.

More Definitions of Parity Dividend Stock

Parity Dividend Stock means (i) the Class A Stock and (ii) any other capital stock of the Corporation ranking on a parity as to dividends with the Class B Stock.

Parity Dividend Stock means any capital stock of the corporation ranking on a parity as to dividends with the Series B Preferred Stock.

Parity Dividend Stock means the Series C Convertible Preferred Stock and any other class or series of the Corporation’s capital stock ranking, as to dividends, on a parity with the Series D Convertible Preferred Stock.

Parity Dividend Stock means any class or series of Capital Stock of the Company that entitles the holder thereof to the receipt of dividends, in proportion to their respective amounts of accumulated and unpaid dividends per share or Liquidation Preferences, on a parity with and without preference or priority over Junior Preferred Stock and whether or not the dividend rates or dividend payment dates thereof be different from those of the Junior Preferred Stock. Parity Stock shall also be deemed to constitute Parity Dividend Stock.

Parity Dividend Stock means the Series A 7% Cumulative Convertible Nonvoting Preferred Stock and any class or series or the Corporation's capital stock ranking, as to dividends, on a parity with the Series B Preferred Stock. "Parity Liquidation Stock" shall mean the Series A 7% Cumulative Convertible Nonvoting Preferred Stock and any class or series of the Corporation's capital stock having parity as to liquidation rights with the Series B Preferred Stock.

Parity Dividend Stock means any Capital Stock ranking on a parity with the Exchangeable Preferred Stock with respect to payments of dividends.

Parity Dividend Stock means any class of series of the Corporation's capital stock ranking, as to dividends, on a parity with the Series A Convertible Preferred Stock.