Examples of Series D Preferred Share in a sentence
Each Series D Preferred Share shall be identical in all respects to every other Series D Preferred Share.
The payment of the Series D Liquidation Preference shall be a payment in redemption of the Series D Preferred Shares such that, from and after payment of the full Series D Liquidation Preference, any such Series D Preferred Share shall thereafter be cancelled and no longer be outstanding.
Subject to the Statute, in the event of any redemption, the holders of the Series D Preferred Shares shall be entitled to receive, prior to any payment to the holders of Series C Preferred Shares, Series B Preferred Shares and Series A Preferred Shares, an amount per Series D Preferred Share equal to the Series D Issue Price (the “Series D Redemption Amount”).
The Board of Trustees may from time to time increase the Series D Preferred Share Ownership Limit if the Board determines, in its sole discretion, that such increase will not adversely affect the Company's ability to qualify as a REIT.
After the Distribution Date, each Right will be exercisable to purchase from the Company one one-thousandth (a “Unit”) of a Series D Preferred Share, par value $0.01 per share, of the Company (each, a “Preferred Share”), at a purchase price of $7.00 per Unit (the “Purchase Price”), subject to adjustment as provided in the Rights Agreement.