Examples of Series H Dividends in a sentence
Series H Holders shall be entitled to receive Series H Dividends from time to time out of any assets of the Corporation legally available for the payment of dividends at the Series H Dividend Rate per share of Series H Preferred Stock, when, as, and if declared by the Board of Directors.
No dividend shall be declared or paid or set apart for payment on any Junior Securities (other than a dividend payable solely in Junior Securities) unless full cumulative Series H Dividends have been or contemporaneously are being paid or provided for on all outstanding Series H Preferred Stock and any Parity Securities through the most recent respective Series H Dividend Payment Dates.
Series H Holders shall not be entitled to any dividend, whether payable in cash, property or stock, in excess of full cumulative Series H Dividends.
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CASH, CASH EQUIVALENTS AND INVESTMENTS The investment and deposit of Authority monies is governed by the provisions of the Bylaws of the Authority and the Ohio Revised Code.
Subject to the next succeeding sentence, if all accumulated Series H Dividends in arrears on all outstanding Series H Preferred Stock and any Parity Securities shall not have been declared and paid, or if sufficient funds for the payment thereof shall not have been declared and set apart, payment of accumulated dividends in arrears on the Series H Preferred Stock and any such Parity Securities shall be made in order of their respective dividend payment dates, commencing with the earliest.
Accumulated Series H Dividends in arrears for any past Series H Dividend Period may be declared by the Board of Directors and paid on any date fixed by the Board of Directors, whether or not a Series H Dividend Payment Date, to Series H Holders on the record date for such payment, which may not be more than 60 days, nor less than five days, before such payment date.
Please contact the Office of Administration, if you have any questions regarding insurance coverage and/or requirements for third parties.
The record date (the “Series H Dividend Record Date”) for any Series H Dividend payment shall be the fifth Business Day immediately preceding the applicable Series H Dividend Payment Date, except that in the case of payments of Series H Dividends in arrears, the Series H Dividend Record Date with respect to a Series H Dividend Payment Date shall be such date as may be designated by the Board of Directors in accordance with this Certificate of Designation, the Articles of Incorporation and the Bylaws.
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