Examples of Xxxxxxxx Preferred Stock in a sentence
Xxxxxxxx Preferred Stock shall accrue dividends at the Wall Street Journal's National Prime Rate upon the first business day of each year upon a principal sum of $4,500,000, the dividend being payable by January 31 of each succeeding year.
Xxxxxxxx Preferred Stock shall accrue dividends at the Wall Street Journal's national prime rate on the first business day of each year upon the amount of $4,500,000, the dividend being payable by January 1, of each succeeding year.
At and after the Effective Time, all of the outstanding certificates that, prior to that date, represented shares of a series of Amyris California Preferred Stock shall be deemed for all purposes to evidence ownership of and to represent the number of shares of the series of shares of Xxxxxx Xxxxxxxx Preferred Stock, into which such shares of Amyris California Preferred Stock are converted as provided herein.
Xxxxxxxx will not declare or pay any dividends on its outstanding shares of capital stock or make any other distributions on or in respect of any shares of its capital stock or otherwise to its shareholders, other than regular quarterly cash dividends which Xxxxxxxx shall be permitted to declare on Xxxxxxxx Preferred Stock at an annual rate not to exceed 9.5% of the stated value per share, and the pro rata dividend provided for in Paragraph 6.13.
There are no shares of Xxxxxxxx Preferred Stock issued and outstanding.
The issued and outstanding shares of Xxxxxxxx Common Stock, Xxxxxxxx Preferred Stock and the issued and outstanding Xxxxxxxx Stock Options constitute Xxxxxxxx’x only outstanding securities or options on equity securities.
Series A Preferred Stock, par value $.01 (the "Xxxxxxxx Preferred Stock"), which ownership is set forth in greater detail on Exhibit A hereto.
No interest shall be paid on any cash due a shareholder for shares of Xxxxxxxx Preferred Stock, for fractional shares of Xxxxxxxx Common Stock, or for dividends on any BOCC Stock.
Subject to the provisions of Article II regarding the surrender of Old Xxxxxxxx Certificates, the amount of the aggregate Merger Consideration for the Xxxxxxxx Preferred Stock will be paid on behalf of the holders of Xxxxxxxx Preferred Stock on the Closing Date in cash by wire transfer of immediately available funds to such bank account(s) as the Stockholder Representative may designate to the Merger Sub not less than two (2) Business Days prior to the Closing Date.
However, if any shareholder of Xxxxxxxx who exercises Dissenters’ Rights shall fail to perfect those rights, or effectively shall waive or lose such rights, then each of his or her shares of Xxxxxxxx Common Stock shall be deemed to have been converted into BOCC Stock, and each of his or her shares of Xxxxxxxx Preferred Stock shall be deemed to have been converted into cash, as of the Effective Time as provided in Paragraph 1.04(a).