Examples of Participating Series in a sentence
If after exhausting the Cash Amount, the Trustee has insufficient moneys to pay interest, principal or mandatory sinking fund payments on Participating Series, the Trustee shall draw on the Credit Facilities deposited in the Issue 1 Reserve Account on a pro rata basis to the extent required to remedy the remaining deficiency.
In the event that the Trustee shall be required to apply amounts in the Issue 1 Reserve Account to pay interest, principal or mandatory sinking fund payments on Participating Series, the Trustee shall apply all amounts (the “Cash Amount”) in the Issue 1 Reserve Account other than amounts available pursuant to draws on Credit Facilities deposited in the Issue 1 Reserve Account to such payments before drawing on any such Credit Facility.
In the event that the Trustee determines on any valuation date that the amount in the Issue 1 Reserve Account exceeds Aggregate Maximum Annual Debt Service on all then Outstanding Bonds of the Participating Series, upon the request of the Commission signed by an Authorized Commission Representative, the Trustee shall transfer the amount of such excess to the Treasurer for deposit in the Revenues Account.
In the event that after the substitution of a Credit Facility for all or any part of the amounts on deposit in the Issue 1 Reserve Account, the amount in the Issue 1 Reserve Account is greater than Aggregate Maximum Annual Debt Service of the then Outstanding Bonds of Participating Series, upon the request of an Authorized Commission Representative, the Trustee shall transfer such excess to the Commission to be used solely for Airport purposes.
The Commission shall not substitute a Credit Facility for all or any part of the amounts on deposit in the Issue 1 Reserve Account, if such substitution will cause the then current ratings on Participating Series to be downgraded or withdrawn.
There shall be a series of Preferred Stock of the Corporation which shall be designated as “Junior Participating Series A Preferred Stock” without par value (hereinafter called “Junior Preferred Stock”), and the number of shares constituting such series shall be 400,000.
As of the date hereof, 400,000 shares are designated Preferred Stock, Cumulative Junior Participating Series C ("Parent Series C Preferred Stock") and are reserved for issuance in accordance with the Rights Agreement dated as of March 4, 1991, by and between Parent and Chasx Xxxxxx Xxxreholder Services, L.L.C., as Rights Agent ("Parent Rights Agreement"), pursuant to which Parent has issued rights ("Parent Rights") to purchase shares of Parent Series C Preferred Stock.
The shares of such series shall be designated as "Preferred Stock--Junior Participating Series A" (the "Series A Preferred Stock") and the number of shares constituting the Series A Preferred Stock shall be 400,000.
The shares of such series shall be designated as "Preferred Stock--Junior Participating Series A" (the "Series A Preferred Stock") and the number of shares constituting the Series A Preferred Stock shall be 500,000.
In order to exercise its rights hereunder, such Electing Participating Series E Preferred Holder must provide written notice to Transferor with a copy to the Company and the Transferor within seven (7) days after the receipt of the Series E ROFR Confirmation Notice (the “Subsequent Series E Exercise Period”).