Series A Parity Security definition

Series A Parity Security means any class or series of stock issued by the Corporation ranking on a parity with the Series A Preferred with respect to payment of distributions and upon liquidation, dissolution, or winding up of the Corporation.
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Examples of Series A Parity Security in a sentence

  • If the General Partner expects to have insufficient Available Cash to pay the next Series A Distribution in full at the time of declaration of a Series A Distribution or Series A Parity Security distribution, it will adjust the amount of such distributions so that the Series A Preferred Units and Series A Parity Securities are paid on a pari passu basis on their respective payment dates.

  • If the Board of Directors expects to have insufficient Available Cash to pay the next Series A Dividend in full at the time of declaration of a Series A Dividend or Series A Parity Security dividend, it will adjust the amount of such dividends so that the Series A Preferred Stock and Series A Parity Securities are paid on a pari passu basis on their respective payment dates.