Common use of Exchangeable Preferred Stock Clause in Contracts

Exchangeable Preferred Stock. Under the power contained in Section 5.3, the Board of Directors classified and designated six million (6,000,000) authorized shares of Preferred Stock, par value $0.01 per share, of the Corporation as shares of 12% Cumulative Exchangeable Redeemable Preferred Stock (the “Exchangeable Preferred Stock”), par value $0.01 per share, with the following powers, preferences, rights, qualifications, limitations, restrictions and other provisions:

Appears in 4 contracts

Samples: Voting and Support Agreement (Telos Corp), Voting and Support Agreement (Wynnefield Partners Small Cap Value Lp), Voting and Support Agreement (Telos Corp)

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