Examples of Class E Stock in a sentence
The Estate shall then be entitled to Cajun's rights in the future retirement payments made by CoBank to retire the Class E Stock from time to time, together with future patronage dividends, proceeds, etc., and SWECO shall not assume Cajun's indemnity obligation.
Shares of Stock redeemed, purchased or otherwise acquired by the Corporation pursuant to the terms hereof shall be retired and shall revert to authorized but unissued Class A Stock, Class B Stock, Class C Stock, Class D Stock, Class E Stock or Common Stock, as the case may be.
On and after the Redemption Date, each holder of shares of Class E Stock shall surrender to the Corporation the certificate or certificates evidencing such shares at the principal executive offices of the Corporation and shall thereupon be paid in cash an amount equal to the number of shares of Class E Stock surrendered multiplied by the Redemption Price.
The Corporation may at any time redeem the whole or any portion of the outstanding shares of Class E Stock by paying therefor in cash an amount per share equal to the Liquidation Preference of a share of Class E Stock (the “Redemption Price”).
At least 10 but not more than 60 days prior to the date fixed for redemption (the “Redemption Date”), the Corporation shall mail, postage prepaid, to the holders of record of the shares of Class E Stock at the address of each such holder as it appears on the books of the Corporation, a notice (the “Class E Stock Notice”) specifying the Redemption Date and the number of shares held by such holder to be redeemed.
The Class A Stock, Class B Stock, Class C Stock, Class D Stock, Class E Stock and Common Stock are sometimes referred to collectively herein as the "Stock".
This Agreement, together with the Class E Stock Purchase Agreement, contains the entire understanding of the parties with respect to the subject matter hereof.
In the event of a voluntary or involuntary liquidation, dissolution or winding up of the Corporation, the holders of the Class E Stock shall be entitled to receive, out of the assets of the Corporation legally available therefor, an amount equal to $1.00 per share of Class E Stock (the “Liquidation Preference”), and no more, before any payment shall be made or any assets distributed to holders of any class of Common Stock.
Furthermore, Provident and the Corporation hereby agree that, notwithstanding any provision of the Provident Warrant to the contrary, for each Share of Class D Stock to which Provident is or may become entitled to pursuant to the Provident Warrant as a result of the transactions contemplated by the Securities Purchase Agreement, the Corporation shall issue to Provident, and Provident shall accept, in exchange therefor, one Share of Class E Stock.
If Class 7E accepts the Plan (excluding votes by the holders of Unsecured Noteholder Claims), the holders of the Class 7E Unsecured Noteholder Claims shall be deemed to have waived their right to receive a Pro Rata distribution of the Class E Stock Distribution.