Examples of Series N Preferred Stock in a sentence
The holders of the Series N Preferred Stock shall not be entitled to vote on any matter that affects the rights or interests of only one or more series of Preferred Stock other than the Series N Preferred Stock.
Dividends and distributions will be payable to holders of record of Series N Preferred Stock as they appear on the stock register of the Corporation at the close of business on the fifth Business Day prior to the Dividend Payment Date in preference to dividends and distributions on shares of Common Stock and any other capital stock of the Corporation ranking junior to the Series N Preferred Stock in payment of dividends and distributions.
No Modification of Existing Preferred Stock.Nothing contained in these Articles Supplementary creating the Series N Preferred Stock shall be understood to modify the rights, obligations or privileges of any other series of the Corporation's Preferred Stock Outstanding.
In the event that the Corporation fails to pay any dividends and distributions on the shares of Series N Preferred Stock, the exclusive remedy of the holders shall be the right to vote for directors pursuant to the provisions of this paragraph 5.
For so long as any shares of Series N Preferred Stock are Outstanding, the Corporation shall have Asset Coverage as of the last Business Day of each March, June, September and December of each year in which any share of Series N Preferred Stock is Outstanding.