Examples of Old Series B Preferred Stock in a sentence
Whether or not fractional shares would be issuable upon such conversion shall be determined on the basis of the total number of shares of Old Series A Preferred Stock and/or Old Series B Preferred Stock the holder is at the time converting into shares of Common Stock and the aggregate number of shares of Common Stock issuable upon such conversion.
No fractional shares of Common Stock shall be issued upon conversion of the Old Series A Preferred Stock or the Old Series B Preferred Stock.
Collectively the: (a) Old Class 1 Preferred Stock; (b) Old Class 2 Preferred Stock; (c) Old Class I Junior Preferred Stock; (d) Old Class IAM Preferred Stock; (e) Old Class M Preferred Stock; (f) Old Class P Preferred Stock; (g) Old Class Pilot Preferred Stock; (h) Old Class S Preferred Stock; (i) Old Class SAM Preferred Stock; and (j) Old Series B Preferred Stock.
Until surrendered, stock certificates previously representing shares of Old Common Stock shall represent the same number of shares of Common Stock, and stock certificates previously representing shares of Old Series A Preferred Stock and Old Series B Preferred Stock shall represent one thousand (1,000) and three hundred and sixty-three and 6364 / 1000 (363.6364) shares of Common Stock for each share of Old Series A Preferred Stock and Series B Preferred Stock, respectively.
As a result of the Chapter 11 filing, UAL is no longer accruing dividends on the Old Series B Preferred Stock.
On September 30, 2002, UAL announced that it was suspending the payment of dividends on the Old Series B Preferred Stock.
Until surrendered, stock certificates previously representing shares of Old Common Stock shall represent one share of Common Stock for each 7.15 shares of Common Stock, and stock certificates previously representing shares of Old Series A Preferred Stock and Old Series B Preferred Stock shall represent one thousand (1,000) and three hundred and sixty-three and 6364 / 1000 (363.6364) shares of Common Stock for each 7.15 shares of Old Series A Preferred Stock and Series B Preferred Stock, respectively.
The Old Series B Preferred Stock ranks senior to all other preferred and common stock outstanding, except the TOPrS Preferred Securities, as to receipt of dividends and amounts distributed upon liquidation.
Whether or not fractional shares would be issuable upon such conversion shall be determined on the basis of the total number of shares of Old Common Stock, Old Series A Preferred Stock and/or Old Series B Preferred Stock the holder is at the time converting into shares of Common Stock and the aggregate number of shares of Common Stock issuable upon such conversion.
The Old Series B Preferred Stock is not convertible into any other securities, has no stated maturity and is not subject to mandatory redemption.