CORR Series C Preferred Stock definition

CORR Series C Preferred Stock means the Series C Exchangeable Preferred Stock of CORR, $0.001 par value per share, the terms of which shall be governed by the CorEnergy Infrastructure Trust, Inc. Articles Supplementary Establishing and Fixing the Rights and Preferences of 9.00% Series C Exchangeable Preferred Stock, the form of which is attached to this Agreement as Exhibit E.

Examples of CORR Series C Preferred Stock in a sentence

• For purposes of this Agreement and determining a Class A-1 Member’s Preferred Return Per Class A-1 Unit only, such date shall be considered a record date established by the CORR Board of Directors and such declaration shall be considered a cash dividend per share of CORR for holders of CORR Series C Preferred Stock.

• If the CORR Board of Directors authorizes and CORR declares that a dividend would have been paid on the Series C Dividend Payment Date if such CORR Series C Preferred Stock were outstanding, the CORR Board of Directors shall designate the date that would have been the CORR Series C Dividend Record Date.

• Upon CPUC Approval, the Class A-1 Units were to be exchangeable for CORR Series C Preferred Stock.

• However, in accordance with the Stock Exchange Agreement, the Class A-1 Members have agreed to eliminate their right to receive CORR Series C Preferred Stock in exchange for Class A-1 Units, in consideration for each Class A-1 Member instead to have the right to receive depositary shares representing CORR Series A Preferred Stock.

• If the CORR Board of Directors authorizes and XXXX declares that a dividend would have been paid on the Series C Dividend Payment Date if such CORR Series C Preferred Stock were outstanding, the CORR Board of Directors shall designate the date that would have been the CORR Series C Dividend Record Date.