Examples of Preferred Capital Stock in a sentence
All shares of Preferred Capital Stock shall be of equal rank, preference and priority and shall be identical in all respects regardless of series, except as to voting rights and other terms which may be specified by the Board of Directors pursuant to the provisions of subdivision 1 of this Paragraph A.
All shares of Preferred Capital Stock of all series shall be of equal rank, preference and priority as to the net assets of the corporation or proceeds thereof to which the same shall be entitled upon voluntary or involuntary liquidation, dissolution, distribution of assets or winding up of the corporation.
Shares of each sub-class of Preferred Capital Stock may be issued from time to time in one or more series as the Board of Directors may determine, and authority is hereby expressly granted to the Board of Directors, subject to the provisions of this Article Seventh, to establish and designate series of each sub-class of Preferred Capital Stock and to fix the number of shares to be included in each such series and the relative rights, preferences and limitations of the shares of each such series.
Shares of Preferred Capital Stock may be issued and sold by the corporation for such lawful consideration not less than the par value thereof as the Board of Directors shall determine.
The ownership of shares of Preferred Capital Stock shall not entitle the owner thereof to any right (other than such right, if any, as the Board of Directors in its discretion may from time to time grant) to subscribe for or to purchase or to have offered to him for subscription or purchase any shares of any class of stock or other securities of the corporation.
After the requirements with respect to preferential dividends on the Preferred Capital Stock shall have been met and after the corporation shall have complied with all the requirements, if any, with respect to the setting aside of sums as purchase, retirement or sinking funds, then and not otherwise the holders of shares of Common Capital Stock shall be entitled to receive such dividends as may be declared from time to time by the Board of Directors out of funds legally available therefor.
Subject to the rights of the holders of any series of preferred capital stock of the corporation (the "Preferred Capital Stock") then outstanding, special meetings of the stockholders may be called at any time only by the Chairman of the Board, the Chief Executive Officer, the President or by the Board acting pursuant to a resolution duly adopted by a majority of the Whole Board (as defined below), and any ability power of stockholders to call a special meeting is specifically denied.
Management of the scale and location of development to support abalanced pattern of growth1.
The shares of such series shall be designated as "Series A Junior Participating Preferred Capital Stock " (the "Series A Preferred Shares"), and the number of shares constituting such series shall be Five Hundred Thousand (500,000).
Subject to the rights of the holders of any Preferred Capital Stock of thecorporation to elect additional directors under specified circumstances, theauthorized number of directors of the corporation shall be fixed from time totime exclusively by the Board pursuant to a resolution duly adopted by amajority of the Board members then in office.