Examples of Series A DARTS in a sentence
Separate Auctions will be held for the Series A DARTS and the Series B DARTS.
Unless the context otherwise requires, references to the DARTS in this Section shall be deemed references to the Series A DARTS or the Series B DARTS, as the case may be.
Subject to Section 6.4(e)(i) below, dividends on the Series A DARTS or Series B DARTS in arrears for any past Dividend Period may be declared by the Board of Trustees and paid on any date fixed by the Board of Trustees, on a regular Dividend Payment Date or otherwise, to Holders of such shares as such Holders' names appear on the Shares Books on the related record date fixed by the Board of Trustees, which shall not be more than 15 days before the date fixed for the payment of such dividends.
All of the Outstanding shares of the Series A DARTS shall be represented by-a certificate and all of the Outstanding shares of the Series B DARTS shall be represented by a certificate registered in the name of the nominee of the Securities Depository.
For so long as the Trust Company is acting as transfer agent for either series of the DARTS, the Trust Company shall maintain the Stock Books listing the Holders of the shares of the Series A DARTS and the Series B DARTS, the number of shares of Series A DARTS and the Series B DARTS held by each Holder and the address of each Holder.
At any meeting called for the purpose, a Trustee elected (i) by the holders of the Series A DARTS may be removed from his office during his term, with or without cause, but only by action of the holders of at least 50% of the outstanding Series A DARTS, voting separately as a Class and (ii) by the holders of the Common Shares may be removed from his office during his term, but only for cause and only by action of the holders of at least 75% of the outstanding Common Shares, voting separately as a class.
With respect to each series of the DARTS, on the Date of Original Issue, one certificate representing all of the shares of the Series A DARTS and one certificate representing all of the shares of the Series B DARTS shall be issued by the Company and, at the request of the Company, registered in the name of Cede & Co. and countersigned by the Trust Company.
In addition, upon any such dissolution, liquidation or winding up, the Holders of the shares of Series A DARTS then outstanding shall be entitled to receive all dividends (whether or not earned or declared) on such shares accrued and unpaid thereon to the date of final distribution before any payment or distribution shall be made on the Common Stock or on any other class of stock ranking junior to the shares of Series A DARTS upon liquidation.