Common use of Preferred Shares Clause in Contracts

Preferred Shares. Preferred Share purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to, if declared by the Board of Directors, a minimum preferential quarterly dividend payment of $1 per share but will be entitled to an aggregate dividend of 100 times the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred Share will be entitled to a minimum preferential liquidation payment of $100 per share but will be entitled to an aggregate payment of 100 times the payment made per Common Share. Each Preferred Share will have 100 votes, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 times the amount received per Common Share. These rights are protected by customary antidilution provisions. The value of the one one-hundredth interest in a Preferred Share purchasable upon exercise of each Right should, because of the nature of the Preferred Share dividend, liquidation and voting rights, approximate the value of one Common Share.

Preferred Shares. Preferred Share Shares purchasable upon the exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to, if declared by the Board of Directors, to a minimum preferential quarterly dividend payment of $1 1.00 per share but will be entitled to an aggregate dividend of 100 times the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred Share Shares will be entitled to a minimum preferential liquidation payment of $100 per share but will be entitled to an aggregate payment of 100 times the payment made per Common Share. Each Preferred Share will have 100 votes, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 times the amount received per Common Share. These rights are protected by customary antidilution anti-dilution provisions. The Because of the nature of the Preferred Shares’ dividend, voting and liquidation rights, the value of the one one-hundredth interest in a Preferred Share purchasable upon exercise of each Right should, because of the nature of the Preferred Share dividend, liquidation and voting rights, should approximate the value of one Common Share.

Preferred Shares. Preferred Share Shares purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to, if declared by the Board of Directors, to a minimum preferential quarterly dividend payment of $1 10.00 per share but will be entitled to an aggregate dividend of 100 1,000 times the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred Share Shares will be entitled to a minimum preferential liquidation payment of $100 1,000.00 per share but will be entitled to an aggregate payment of 100 1,000 times the payment made per Common Share. Each Preferred Share will have 100 one thousand votes, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 1,000 times the amount received per Common Share. These The dividend and liquidation rights and rights upon a merger, consolidation or other transaction are protected by customary antidilution provisions. The value of the one one-hundredth thousandth interest in a Preferred Share purchasable upon exercise of each Right should, because of the nature of the Preferred Share dividend, Shares' dividend and liquidation and voting rights, approximate the value of one Common Share.

Preferred Shares. Preferred Share Shares purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to, if declared by the Board of Directors, to a minimum preferential quarterly dividend distribution payment of $1 per share but will be entitled to an aggregate dividend distribution of 100 times the dividend distribution declared per Common Share. In the event of liquidation, the holders of the Preferred Share Shares will be entitled to a minimum preferential liquidation payment of $100 per share but will be entitled to an aggregate payment of 100 times the payment made per Common Share. Each Preferred Share will have 100 votes, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 times the amount received per Common Share. These rights are protected by customary antidilution provisions. The value of the one one-hundredth interest in a Preferred Share purchasable upon exercise of each Right should, because of the nature of the Preferred Share dividendShares' distribution, liquidation and voting rights, approximate the value of one Common Share.

Preferred Shares. Preferred Share Shares purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to, if declared by the Board of Directors, to a minimum preferential quarterly dividend payment of $1 per share but will be entitled to an aggregate dividend of 100 times the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred Share Shares will be entitled to a minimum preferential liquidation payment of $100 per share but will be entitled to an aggregate payment of 100 times the payment made per Common Share. Each Preferred Share will have 100 votes, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 times the amount received per Common Share. These rights are protected by customary antidilution provisions. The value of the one one-hundredth interest in a Preferred Share purchasable upon exercise of each Right should, because of the nature of the Preferred Share Shares' dividend, liquidation and voting rights, approximate the value of one Common Share.