Designation and Ranking. (a) THIS SERIES OF PREFERRED STOCK IS DESIGNATED AS THE SERIES A CONVERTIBLE PREFERRED STOCK (THE “SERIES A PREFERRED STOCK”). THE NUMBER OF SHARES CONSTITUTING THE SERIES A PREFERRED STOCK IS 689,295. SHARES OF SERIES A PREFERRED STOCK MAY BE ISSUED IN WHOLE OR FRACTIONAL SHARES, ROUNDED TO THE NEAREST ONE-TEN THOUSANDTH OF A WHOLE SHARE OF SERIES A PREFERRED STOCK. ANY REFERENCE TO A SHARE OF SERIES A PREFERRED STOCK WILL, AS TO ANY FRACTIONAL SHARE, BE DEEMED TO BE MULTIPLIED BY THE APPLICABLE FRACTION OF THAT SHARE OF SERIES A PREFERRED STOCK. THE COMPANY WILL NOT ISSUE MORE THAN 689,295 SHARES OF SERIES A PREFERRED STOCK, AND THE COMPANY WILL NOT ISSUE ANY RIGHTS, WARRANTS, OPTIONS OR OTHER SECURITIES EXERCISABLE FOR OR CONVERTIBLE OR EXCHANGEABLE INTO SHARES OF SERIES A PREFERRED STOCK. SHARES OF SERIES A PREFERRED STOCK WILL HAVE A STATED VALUE OF $1,764.00 PER SHARE (THE “STATED VALUE”).
Designation and Ranking. The Series A Preferred Mirror Units are hereby designated and created as a series of Preferred Units hereunder. The Series A Preferred Mirror Units will rank, with respect to distributions upon Liquidation: (a) on a parity basis with all
Designation and Ranking. The Series C Preferred Mirror Units are hereby designated and created as a series of Preferred Units hereunder. The Series C Preferred Mirror Units will rank, with respect to distributions upon Liquidation: (a) on a parity basis with all Series C Parity Units; (b) junior to all Series C Senior Units; and (c) senior to all Series C Junior Units. SECTION 18.03
Designation and Ranking. The Corporation shall have authority to issue One Million Four Hundred Thousand (1,400,000) shares of Series B Preferred Stock, no par value per share (the "SERIES B PREFERRED Stock"). The Series B Preferred Stock shall, with respect to rights on liquidation, dissolution or winding up, rank (i) senior to the Series A Preferred Stock, and (ii) senior to all other subsequently designated series of Preferred Stock of the Corporation, and senior to the common stock of the Corporation.
