Examples of Class E Stock in a sentence
This Agreement, together with the Class E Stock Purchase Agreement, contains the entire understanding of the parties with respect to the subject matter hereof.
If such indemnity obligation so matures, CoBank shall apply all cash collateral it then holds against the reimbursement obligation, and SWECO shall immediately pay the balance of the reimbursement obligation to CoBank, and SWECO shall be entitled to Cajun's rights to the future retirement payments made by CoBank to retire the Class E Stock from time to time, together with any CoBank patronage dividends, etc.
The holders of Class E Stock shall have no conversion rights whatsoever.
The Class B Stock, Class C Stock, Class D Stock and Class E Stock, together with Parent Common Stock, is referred to as the "Parent Capital Stock".
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.
If, the RUS, the holder of the CoBank Class E Stock designated by the Plan is not an "eligible borrower" of CoBank, then CoBank shall issue replacement Participation Certificates with the only difference from the CoBank Class E Stock being the right to vote.
All shares of Class E Stock redeemed or repurchased by the Corporation shall be restored to the status of authorized but unissued shares of Preferred Stock, without designation as to series.
In addition, on and after the Effective Date of the Plan, to the extent that the sum of 75% of the face amount of the Class E Stock and the amount of all funds accumulated in the cash account held by CoBank from time to time (calculated quarterly) exceeds 110% of the then aggregate amount of the indemnity obligation assumed by SWECO, the excess shall be paid by CoBank to the RUS.
Parent has no shares of Class B Stock, Class C Stock, Class D Stock or Class E Stock issued and outstanding.
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.