Examples of Series 8 Preferred Stock in a sentence
The series of preferred stock shall be designated as the Corporation’s Series 8 Preferred Stock (the “Series 8 Preferred Stock”) and the number of shares so designated shall be 40,000.
The price of each share ol Series 8 Preferred Stock may only be changed through a majority vote of the Shareholders of Ille eo,poralion .
Other than as set forth in this Section 3, no other dividends shall be paid on the shares of Series 8 Preferred Stock.
Except as otherwise expressly provided herein or as otherwise required by law, Holders of shares of Series 8 Preferred Stock shall have no voting rights.
For the avoidance of doubt, nothing in this Section 3(b) shall be construed as limiting the Corporation’s ability to redeem shares of Series 8 Preferred Stock in accordance with its terms.
The Series 11 Preferred Stock shall rank junior to the Series 8 Preferred Stock and the Series 10 Preferred Stock as to dividend rights and pari passu with the Series 8 Preferred Stock and the Series 10 Preferred Stock as to liquidation rights.
Each share of Series 8 Preferred Stock shall have no par value per share and a stated value equal to $1,000 (the “Stated Value”).
For the avoidance of doubt, (a) nothing in this Section 3 shall prohibit the Corporation from paying dividends on shares of Series 8 Preferred Stock and (b) dividends paid on shares of Series 8 Preferred Stock shall not give rise to any obligation of the Corporation to pay dividends on shares of Series 9 Preferred Stock.
The Series 10 Preferred Stock shall rank pari passu with the Series 8 Preferred Stock and senior to the Series 11 Preferred Stock as to dividends, and pari passu with the Series 8 Preferred Stock and the Series 11 Preferred Stock as to liquidation.
Accrued Dividends shall be payable upon redemption of the Series 8 Preferred Stock in accordance with Section 7.