Examples of Series E MRP Shares in a sentence
For so long as any Series E MRP Shares are Outstanding and Fitch or any Other Rating Agency which so requires is then rating such shares, the Company shall deliver to each Rating Agency which is then rating Series E MRP Shares and any other party specified in the Rating Agency Guidelines all certificates that are set forth in the respective Rating Agency Guidelines at such times and containing such information as set forth in the respective Rating Agency Guidelines.
If the Rating Agency Guidelines require the Company to receive a prior written confirmation that certain actions would not impair the rating then assigned by the Rating Agency to the Series E MRP Shares, then the Company will not engage in such actions unless it has received written confirmation from each such Rating Agency that such actions would not impair the rating then assigned by such Rating Agency.
To the extent permitted by applicable law, the Board of Directors may interpret, modify or adjust the provisions of these terms of the Series E MRP Shares to resolve any inconsistency or ambiguity or to remedy any defect.
Subject to the provisions of these terms of the Series E MRP Shares, the Board of Directors may, by resolution duly adopted, without stockholder approval (except as otherwise provided by these terms of the Series E MRP Shares or required by applicable law), modify these terms of the Series E MRP Shares to reflect any modification hereto which the Board of Directors is entitled to adopt pursuant to the terms of Section 5(i) hereof or otherwise without stockholder approval.
If no Series E MRP Shares are Outstanding, all rights and preferences of such shares established and designated hereunder shall cease and terminate, and all obligations of the Company under these terms of the Series E MRP Shares, shall terminate as the Series E MRP Shares.
All notices and communications provided for hereunder shall be in accordance with these terms of the Series E MRP Shares or by the MGCL for notices of stockholders’ meetings.
The issuance includes 1,320,000 Series D MRP Shares, with an aggregate liquidation preference of $33,000,000 and a mandatory redemption date of August 24, 2026 and 1,330,000 Series E MRP Shares, with an aggregate liquidation preference of $33,250,000 and a mandatory redemption date of May 24, 2027.(1) The Series D and Series E MRP Shares are to pay monthly cash dividends initially at rates of 2.45% and 2.68%, respectively, subject to adjustment under certain circumstances.
The issuance includes 1,400,000 Series D MRP Shares, with an aggregate liquidation preference of $35,000,000 and a mandatory redemption date of August 24, 2026 and 1,460,000 Series E MRP Shares, with an aggregate liquidation preference of $36,500,000 and a mandatory redemption date of May 24, 2027.(1) The Series D and Series E MRP Shares are to pay monthly cash dividends initially at rates of 2.45% and 2.68%, respectively, subject to adjustment under certain circumstances.
Second: The Series E MRP Shares have been classified and designated by the Board of Directors under the authority contained in the Charter.
The issuance includes 1,120,000 Series D MRP Shares, with an aggregate liquidation preference of $28,000,000 and a mandatory redemption date of August 24, 2026 and 850,000 Series E MRP Shares, with an aggregate liquidation preference of $21,250,000 and a mandatory redemption date of May 24, 2027.(1) The Series D and Series E MRP Shares are to pay monthly cash dividends initially at rates of 2.45% and 2.68%, respectively, subject to adjustment under certain circumstances.