Parity Dividend Stock definition

Parity Dividend Stock means any class or series or the Corporation's capital stock ranking, as to dividends, on a parity with the Series B Convertible Preferred Stock.

Parity Dividend Stock means any class or series or the Corporation's capital stock ranking, as to dividends, on a parity with the Series A Preferred Stock.

Parity Dividend Stock means any class or series of the Corporation's capital stock ranking, as to dividends, on a parity with the Series A Convertible Preferred Stock.

Examples of Parity Dividend Stock in a sentence

• No full dividends shall be paid or declared and set apart for payment on the Series A Convertible Preferred Stock for any period unless all accrued but unpaid dividends have been, or contemporaneously are, paid or declared and set apart for payment on the Parity Dividend Stock for all dividend periods terminating on or prior to the date of payment of such full dividends.

• No full dividends shall be paid or declared and set apart for payment on the Series B Convertible Preferred Stock for any period unless all accrued but unpaid dividends have been, or contemporaneously are, paid or declared and set apart for payment on the Parity Dividend Stock for all dividend periods terminating on or prior to the date of payment of such full dividends.

• No full dividends shall be paid or declared and set apart for payment on any Parity Dividend Stock for any period unless all accrued but unpaid dividends (and interest on dividends in arrears at the rate specified herein) have been, or contemporaneously are, paid or declared and set apart for such payment on the Series A Convertible Preferred Stock.

• No full dividends shall be paid or declared and set apart for payment on the Series D Convertible Preferred Stock for any period unless all accrued but unpaid dividends have been, or contemporaneously are, paid or declared and set apart for payment on the Parity Dividend Stock for all dividend periods terminating on or prior to the date of payment of such full dividends.

• No full dividends shall be paid or declared and set apart for payment on the Convertible Preferred Stock for any period unless full cumulative dividends have been, or contemporaneously are, paid or declared and set apart for payment on any Parity Dividend Stock for all dividend periods terminating on or prior to the date of payment of such full cumulative dividends.

More Definitions of Parity Dividend Stock

Parity Dividend Stock means shares of any class or series of capital stock of the Corporation that rank on a parity with the Series C Preferred Stock as to payment of dividends.

Parity Dividend Stock means any class or series of the Corporation's capital stock ranking, as to dividends, on a parity with the Series B Convertible Preferred Stock, including, without limitation, the Series A Convertible Preferred Stock.

Parity Dividend Stock means any class or series of Capital Stock of the Company that entitles the holder thereof to the receipt of dividends, in proportion to their respective amounts of accumulated and unpaid dividends per share or Liquidation Preferences, on a parity with and without preference or priority over Junior Preferred Stock and whether or not the dividend rates or dividend payment dates thereof be different from those of the Junior Preferred Stock. Parity Stock shall also be deemed to constitute Parity Dividend Stock.

Parity Dividend Stock means the Series A 7% Cumulative Convertible Nonvoting Preferred Stock and any class or series or the Corporation's capital stock ranking, as to dividends, on a parity with the Series B Preferred Stock. "Parity Liquidation Stock" shall mean the Series A 7% Cumulative Convertible Nonvoting Preferred Stock and any class or series of the Corporation's capital stock having parity as to liquidation rights with the Series B Preferred Stock.

Parity Dividend Stock means any Capital Stock ranking on a parity with the Exchangeable Preferred Stock with respect to payments of dividends.

Parity Dividend Stock means any stock of the Company ranking as to payment of dividends on a parity with the Series A Preferred.

Parity Dividend Stock means any Capital Stock ranking on a parity with the Exchangeable Preferred Stock with respect to payments of dividends. "Parity Liquidation Stock" means any Capital Stock ranking on a parity with the Exchangeable Preferred Stock with respect to distributions of assets upon Liquidation. "Parity Stock" means any Capital Stock ranking on a parity with the Exchangeable Preferred Stock with respect to distributions of assets upon Liquidation and with respect to payments of dividends. "Person" means any individual, firm, corporation, trust, association, company, limited liability company, joint stock company, partnership, joint venture, governmental authority or other entity or enterprise. "Prior Stock" means any Capital Stock ranking prior to the Exchangeable Preferred Stock with respect to distributions of assets upon Liquidation or with respect to payments of dividends. "Record Date" means, with respect to any Dividend Period, the date which is 15 days prior to the last day of such Dividend Period. "Redemption Notice" has the meaning specified in Section 5 hereof. "Redemption Price" means, with respect to any share of Exchangeable Preferred Stock on any Dividend Payment Date, an amount equal to the sum of (i) 110% of the Liquidation Value as of such Dividend Payment Date plus (ii) the amount of any and all accrued and unpaid dividends (whether or not earned or declared) on such share as of such Dividend Payment Date. "Representatives" has the meaning specified in the Contingent Stock Agreement. "Spread" has the meaning specified in Section 3(c) hereof. "Trust" has the meaning specified in Section 6(d) hereof. Section 3. Dividends. (a) The holder of record of each share of Exchangeable Preferred Stock on each Record Date shall be entitled to receive on each Dividend Payment Date, when and as declared by the Board, out of funds legally available for the payment of dividends, dividends on the Liquidation Value of such share at the Dividend Rate, payable in cash. Such dividends with respect to each share of Exchangeable Preferred Stock shall be cumulative and shall accrue (whether or not earned or declared) from the Issue Date of such share until such share is redeemed or exchanged in accordance with this Certificate. (b) The amount of dividends accrued on any share of Exchangeable Preferred Stock at the end of any Dividend Period shall be the amount of any unpaid dividends accrued thereon to and including the last day of such Dividend Period, whether or not ear...