Examples of Blocker Preferred in a sentence
In the aggregate, 2,576,601 shares of Series G Preferred Stock were issued to holders of the Blocker Preferred in connection with the merger.
Series G Preferred Stock Effective June 30, 2009, and as previously disclosed, GMAC was converted (the Conversion) from a Delaware limited liability company into a Delaware corporation in accordance with applicable law, and was renamed “GMAC Inc.” In connection with the Conversion, the 7% Cumulative Perpetual Preferred Stock (the Blocker Preferred) of Preferred Blocker Inc.
At this time each share of the Blocker Preferred issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive an equal number of newly issued shares of Series G Preferred Stock.
For purpose hereof, a “Dividend Period” shall refer to a date commencing on and including a Dividend Payment Date (or if no Dividend Payment Date has occurred, commencing on and including the date of the most recent dividend payment on the Blocker Preferred Stock), and ending on and including the day immediately preceding the next succeeding Dividend Payment Date.
Dividends shall accrue from the most recent date as to which dividends shall have been paid or, if no dividends have been paid, from the date of the most recent dividend payment on the Blocker Preferred Stock, whether or not in any dividend period or periods there have been funds legally available for the payment of such dividends.
In addition to any vote or other approval required by the Charter or Bylaws or applicable Law, the affirmative vote or consent of the Holder (which may only make such vote or consent at the direction of holders of at least a majority of the outstanding shares of Blocker Preferred, voting in person or by proxy, at a special meeting called for such purpose, or by written consent in lieu of such meeting) shall be required for any amendment of Section 7(b).
In connection with the LLC Conversion, the Blocker Preferred will be converted into or exchanged for an equal number of shares of the Class G Preferred Stock.
Notwithstanding the foregoing, following the LLC Conversion, the Blocker Preferred will be converted into or exchanged for an equal number of shares of the Class G Preferred Stock.
For the avoidance of doubt, notwithstanding the provisions of this Section 7(b), the authorization of, the increase in the authorized amount of, or the issuance of any Junior Stock or Parity Stock will not require the consent of the Holder, and will not be deemed to adversely affect the powers, preferences or rights of the holders of Blocker Preferred.
The Impact of a Calcium Channel Blocker Preferred Drug List on Medicaid Prescription Expenditures and Utilization.