Cumulative Preferred Stock definition
Examples of Cumulative Preferred Stock in a sentence
SERIES D PREFERRED STOCK There can be no assurance that ThermoView's continuing losses or consolidated earnings, if ever, in the future will be sufficient to cover its combined fixed charges and dividends on (i) the 12% Series D Cumulative Preferred Stock alone, or (ii) its 9.6% Series C Convertible Preferred Stock and the Series D Preferred Stock.
The Corporation will furnish to each holder of Series A Cumulative Preferred Stock upon request without change a copy of the Articles of Incorporation and resolutions of the Board of Directors.
The shares of Series A Junior Participating Cumulative Preferred Stock shall not be redeemable.
No delay or omission on the part of any holder of the Series A Cumulative Preferred Stock in exercising any right of such holder shall operate as a waiver of such rights or any other rights of the holders of Series A Cumulative Preferred Stock.
No waiver of any rights shall be binding upon any holder of Series A Cumulative Preferred Stock unless in a writing signed by or authorized by such holder, and then only to the extent that this is set forth in such waiver.