Common use of Preferred Stock Provisions Clause in Contracts

Preferred Stock Provisions. Each share of Preferred Stock, if issued: will not be redeemable, will entitle the holder thereof, when, as and if declared, to quarterly dividend payments equal to the greater of $1,000 per share and 1,000 times the amount of all cash dividends plus 1,000 times the amount of non-cash dividends or other distributions paid on one share of Common Stock, will entitle the holder thereof to receive $1,000 plus accrued and unpaid dividends per share upon liquidation, will have the same voting power as 1,000 shares of Common Stock and, if shares of Common Stock are exchanged via merger, consolidation or a similar transaction, will entitle the holder thereof to a per share payment equal to the payment made on 1,000 shares of Common Stock.

Appears in 4 contracts

Samples: Stockholder Rights Agreement (Galera Therapeutics, Inc.), Rights Agreement (Veradigm Inc.), Rights Agreement (Veradigm Inc.)

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Preferred Stock Provisions. Each share of Preferred Stock, if issued: will not be redeemable, will entitle the holder thereof, when, as and if declared, to quarterly dividend payments equal to the greater of $1,000 per share and 1,000 times the amount of all cash dividends plus 1,000 times the amount of non-cash dividends or other distributions paid on one share of Common Stock, will entitle the holder thereof to receive $1,000 plus accrued and unpaid dividends per share upon liquidation, will have the same voting power as 1,000 shares of Class A Common Stock and, if shares of Common Stock are exchanged via merger, consolidation or a similar transaction, will entitle the holder thereof to a per share payment equal to the payment made on 1,000 shares of Common Stock.

Appears in 1 contract

Samples: Stockholder Rights Agreement (Purple Innovation, Inc.)

Preferred Stock Provisions. Each share of Preferred Stock, if issued: will not be redeemable, will entitle the holder thereof, when, as and if declared, thereof to quarterly dividend payments equal to the greater of $1,000 1.00 per share and 1,000 times the amount of all cash dividends plus 1,000 times the amount of non-cash dividends or other distributions paid on one share of Common Stock, will entitle the holder thereof to receive $1,000 plus accrued and unpaid dividends per share upon liquidation, will have the same voting power as 1,000 shares of Common Stock and, if shares of Common Stock are exchanged via merger, consolidation or a similar transaction, will entitle the holder thereof to a per share payment equal to the payment made on 1,000 shares of Common Stock.

Appears in 1 contract

Samples: Rights Agreement (Blackbaud Inc)

Preferred Stock Provisions. Each one one-hundredth of a share of Preferred Stock, if issued: · will not be redeemable, . · will entitle the holder thereof, when, as and if declared, holders to quarterly dividend payments dividends equal to the greater of $1,000 per share and 1,000 times the amount of all cash dividends plus 1,000 times the amount of non-cash dividends or other distributions dividends, if any, paid on one share of Common Stock, common stock. · will entitle the holder thereof holders upon liquidation either to receive $1,000 plus accrued and unpaid dividends 1 per share upon liquidationor an amount equal to the payment made on one share of common stock, whichever is greater. · will have the same voting power as 1,000 shares one share of Common Stock and, if shares of Common Stock are exchanged via merger, consolidation or a similar transaction, common stock. · will entitle the holder thereof holders to a per share payment equal to the payment made on 1,000 one share of common stock, if shares of Common Stockour common stock are exchanged via merger, consolidation, or a similar transaction. The value of one one-hundredth interest in a share of Preferred Stock is expected to approximate the value of one share of common stock.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan (Capitalsource Inc)

Preferred Stock Provisions. Each share of Preferred Stock, if issued: will not be redeemable, will entitle the holder thereof, when, as and if declared, thereof to quarterly dividend payments equal to the greater of $1,000 100 per share and 1,000 100 times the amount of all cash dividends plus 1,000 100 times the amount of non-cash dividends or other distributions paid on one share of Common Stock, will entitle the holder thereof to receive $1,000 100 plus accrued and unpaid dividends per share upon liquidation, will have the same voting power as 1,000 100 shares of Common Stock and, if shares of Common Stock are exchanged via merger, consolidation or a similar transaction, will entitle the holder thereof to a per share payment equal to the payment made on 1,000 100 shares of Common Stock.

Appears in 1 contract

Samples: Stockholder Rights Agreement (Stratus Properties Inc)

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Preferred Stock Provisions. Each share of Preferred Stock, if issued: will not be redeemable, will entitle the holder thereof, when, as and if declared, to quarterly dividend payments equal to the greater of $1,000 1.00 per share and or 1,000 times the amount of all cash dividends plus 1,000 times the amount of non-cash dividends or other distributions paid on one share of Common Stock, will entitle the holder thereof to receive $1,000 plus accrued and unpaid dividends per share upon liquidation, will have the same voting power as 1,000 shares of Common Stock and, if shares of Common Stock are exchanged via merger, consolidation or a similar transaction, will entitle the holder thereof to a per share payment equal to the payment made on 1,000 shares of Common Stock.

Appears in 1 contract

Samples: Stockholder Rights Agreement (Purple Innovation, Inc.)

Preferred Stock Provisions. Each share of Preferred Stock, if issued: will not be redeemable, will entitle the holder thereof, when, as and if declared, to quarterly dividend payments equal to the greater of $1,000 per share and 1,000 times the amount of all cash dividends plus 1,000 times the amount of non-cash dividends or other distributions paid on one share of Common Stock, will entitle the holder thereof to receive $1,000 plus accrued and unpaid dividends per share upon liquidation, will have the same voting power as 1,000 shares of Common Stock liquidation and, if shares of Common Stock are exchanged via merger, consolidation or a similar transaction, will entitle the holder thereof to a per share payment equal to the payment made on 1,000 shares of Common Stock.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Quotient Technology Inc.)

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