Series B Dividends definition

Series B Dividends has the meaning set forth in Section 2(a) hereof.
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Series B Dividends means the cumulative dividends on each share of Series B Preferred Stock equal to the product of the Series B Base Value (as adjusted for stock dividends, stock splits, combinations, recapitalizations or the like) times a rate per annum of 10%.
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Series B Dividends means dividends with respect to the Series B Preferred Shares pursuant to Section 3 of this Certificate of Designation.
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Examples of Series B Dividends in a sentence

  • Within thirty days of receiving any such dividend payment election notice, the Board of Directors shall, to the extent permitted by law, declare such Cumulative Series B Dividends to be payable, whereupon the Corporation shall promptly pay such Cumulative Series B Dividends to the electing holders of the Series B Preferred Stock either in cash or in Common Stock in accordance with the procedures described in this Section 2(d)(ii).

  • The payment rights of the holders of Series A Preferred Stock and the holders of the Series B Preferred Stock with respect to the Cumulative Series A Dividends and the Cumulative Series B Dividends shall be pari passu.

  • The Cumulative Series A Dividends and the Cumulative Series B Dividends shall be payable in preference to and priority over any payment of dividends (other than dividends on shares of Common Stock described in Section6(d)(ii)) on any shares of Common Stock.

  • The Cumulative Series B Dividends shall accrue on each share of Series B Preferred Stock from the date on which such share is issued by the Corporation, and shall accrue from day to day until paid, whether or not declared.

  • The Corporation shall not declare, pay or set aside any dividends on shares of any class or series of capital stock of the Corporation (other than the Cumulative Series A Dividends, the Cumulative Series B Dividends and the dividends on shares of Common Stock described in Section 6(d)(ii)) unless (i) the aggregate accrued Cumulative Series A Dividends and the aggregate accrued Cumulative Series B Dividends shall have been paid or declared and set apart or (ii) the Corporation has complied with Section 7.

  • If the declaration or payment of any such Cumulative Series B Dividends shall be unlawful at the time specified herein, then such Cumulative Series B Dividends shall be declared and paid at the earliest practicable time after such declaration and payment shall be lawful.

  • For each Dividend Period, Series B Dividends shall be paid by the issuance of .0175 of a share of Common Stock per $1.00 in Series B Stated Amount of Series B Preferred Stock, subject to adjustment as provided in Section 9 (the aggregate number of shares of Common Stock so issuable on a Dividend Payment Date, as so adjusted, being called the "Common Share Number").

  • Series B Dividends shall be paid to the holders as each appears in the stock register of the Company at the close of business on the record date therefor.

  • Series B Dividends shall accrue and be cumulative from February 6, 2001 whether or not the Company has earnings or profits, whether or not there are funds legally available for the payment of such Series B Dividends on any Dividend Payment Date or at any time during any Dividend Period and whether or not Series B Dividends are declared or paid.

  • Series B Dividends shall cease to accrue as of the Business Combination Redemption Date or the Mandatory Redemption Date, as the case may be, with respect to the shares of Series B Preferred Stock to be redeemed.

Related to Series B Dividends

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.