Examples of Series D-3 Preferred Shares in a sentence
The “Series D-3 Conversion Price” shall initially be the Series D-3 Issue Price (as appropriately adjusted for share splits, share dividends, combinations, recapitalizations and similar events with respect to the Series D-3 Preferred Shares), resulting in an initial conversion ratio for the Series D-3 Preferred Shares of 1:1, and shall be subject to adjustment and readjustment from time to time as hereinafter provided.
No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on the Series D-3 Preferred Shares that may be in arrears.
The Series D-3 Preferred Shares are not convertible into or exchangeable for any other property or securities of the Trust at the option of any holder of Series D-3 Preferred Shares.
Each such dividend shall be payable in arrears to the holders of record of the Series D-3 Preferred Shares, as they appear on the share records of the Trust at the close of business on such record dates, not more than 30 days preceding the applicable Dividend Payment Date (the "Dividend Payment Record Date"), as shall be fixed by the Board of Trustees.
Holders of Series D-3 Preferred Shares shall not be entitled to any dividends, whether payable in cash, property or stock, in excess of cumulative dividends, as herein provided, on the Series D-3 Preferred Shares.
Therefore, the Series D-3 Preferred Shares, being Equity Stock, are governed by and issued subject to all the limitations, terms and conditions of the Declaration applicable to Equity Stock generally, including but not limited to the terms and conditions (including exceptions and exemptions) of Article VI of the Declaration applicable to Equity Stock.
For purposes of the foregoing provisions of this Section 9, each Series D-3 Preferred Share shall have one (1) vote per share, except that when any other series of Preferred Stock shall have the right to vote with the Series D-3 Preferred Shares as a single class on any matter, then the Series D-3 Preferred Shares and such other series shall have with respect to such matters one (1) vote per $50.00 of stated liquidation preference.
The -4- 5 amount of dividends payable for the initial Dividend Period, or any other period shorter or longer than a full Dividend Period, on the Series D-3 Preferred Shares shall be computed on the basis of twelve 30-day months and a 360-day year.
The Trust and the Transfer Agent may deem and treat the record holder of any Series D-3 Preferred Shares as the true and lawful owner thereof for all purposes, and neither the Trust nor the Transfer Agent shall be affected by any notice to the contrary.
When dividends are not paid in full or a sum sufficient for such payment is not set apart, as aforesaid, all dividends authorized and declared upon Series D-3 Preferred Shares and all dividends authorized and declared upon any other series or class or classes of Parity Shares shall be authorized and declared ratably in proportion to the respective amounts of dividends accumulated and unpaid on the Series D-3 Preferred Shares and such Parity Shares.