Examples of Series A Stated Value in a sentence
The holder of the Series A Preferred Stock is entitled to dividends at the rate of 3% of the Series A Stated Value per year, payable quarterly in arrears.
All such increases will be cumulative and will be calculated by multiplying the Series A Stated Value as of the immediately prior Semiannual Calculation Date (or in the case of the first semiannual increase on June 30, 1998, by the original Series A Stated Value as set forth in Section 1.1) by 106.8125%, the product of which will constitute the Series A Stated Value until the next such semiannual calculation.
Each share of Series B Redeemable Preferred Stock (the "Series B Preferred Stock") will have a liquidation preference at a stated value, calculated at the time the first share(s) of Series A Preferred Stock are exchanged into share(s) of Series B Preferred Stock, equal to the Series A Stated Value as of the immediately prior Semiannual Calculation Date plus an amount equal to any Interim Accreted Value (the "Series B Stated Value").
Statistics Canada Catalogue No. 82-003-XPE.<www.statcan.gc.ca/pub/82-003- x/2010004/article/11389-eng.pdf> (Accessed July 15, 2012).
Upon the occurrence of an Event of Default (as defined below) and while such Event of Default is outstanding, such dividend rate shall be increased to 15% per annum on the Series A Stated Value.