Dividend Provisions definition
Dividend Provisions. The holders of the Series B Preferred Stock shall be entitled to receive cumulative dividends at the rate of 8% per annum when, as and if declared by the Board of Directors.
Dividend Provisions. The Series A Preferred (the "Preferred Stock") will be entitled to receive non-cumulative dividends of $0.08 (8%) per share of Series A in preference to any dividend paid on any other shares of capital stock, when and if any such dividends are declared by the Board. The holders of Preferred Stock shall also be entitled to participate on a pro rata basis in any dividends paid on the Common Stock.
Examples of Dividend Provisions in a sentence
Dividend Provisions The Series D holder would not be entitled to receive any dividend unless declared by Company's Board of Directors ("Board").
The foregoing general authority provision is the same as the provision in the Seaspan articles of incorporation, and Outdated Dividend Provisions will not be included in the Atlas articles of incorporation.
Dividend Provisions The holders of the Series A Preferred Stock shall be entitled to receive cumulative dividends at the rate of 10% per annum when and if declared by the Board of Directors.