Examples of Series FF Preferred Stock in a sentence
The Corporation shall have the authority to issue fractional shares of Series FF Preferred Stock.
Such representation and warranty shall survive the deposit of the Series FF Preferred Stock and the issuance of Receipts.
No interest will be payable in respect of any dividend payment on shares of Series FF Preferred Stock that may be in arrears.
Subject to the succeeding sentence, for so long as any shares of Series FF Preferred Stock remain outstanding, no dividends shall be declared or paid or set aside for payment on any Parity Stock for any period unless full dividends on all outstanding shares of Series FF Preferred Stock for the immediately preceding Dividend Period have been paid in full or declared and a sum sufficient for the payment thereof set aside.
The holders of Series FF Preferred Stock shall not have any rights of preemption or rights to convert such Series FF Preferred Stock into shares of any other class of capital stock of the Corporation.
The Board of Directors reserves the right from time to time to increase or decrease the number of shares that constitute the Series FF Preferred Stock (but not below the number of shares thereof then outstanding) and in other respects to amend this Certificate of Designations within the limitations provided by law, this resolution and the Certificate of Incorporation.
The Series FF Preferred Stock shall be perpetual, subject to the provisions of Section 6 hereof, and the authorized number of shares of the Series FF Preferred Stock shall be 225,000 shares.
Shares of Series FF Preferred Stock are not subject to the operation of a sinking fund.
The holders of the Series FF Preferred Stock shall not have any preemptive or conversion rights.
For purposes of calculating the pro rata allocation of partial dividend payments, the Corporation will allocate dividend payments based on the ratio between the then-current dividend payments due on the shares of Series FF Preferred Stock and the aggregate of the current and accrued dividends due on the outstanding Parity Stock.