Series M definition

Series M means the Series M Auction Market Preferred Shares.

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Series M means the shares of Series M of the Preferred Shares or any other shares of preferred stock hereinafter designated as shares of Series M of the Preferred Shares.

Series M shall have the meaning given in the forth paragraph of Article X.

Examples of Series M in a sentence

• Series M Bonds March 15, 1954 and Subject Properties March 15, 1954(a)(c)...

• The Series M Preferred Units may not be redeemed prior to November 25, 2008.

• After payment of the full amount of the liquidating distributions to which they are entitled, the General Partner, as holder of the Series M Preferred Units, will have no right or claim to any of the remaining assets of the Partnership.

• The Series M Preferred Units shall not be convertible into any other class or series of interest in the Partnership.

• Such notice shall state: (A) the redemption date; (B) the redemption price; (C) the number of Series M Preferred Units to be redeemed; (D) the place or places where the Series M Preferred Units are to be surrendered for payment of the redemption price; and (E) that distributions on the Series M Preferred Units to be redeemed will cease to accumulate on such redemption date.

• Any Series M Preferred Units that shall at any time have been redeemed shall, after such redemption, have the status of authorized but unissued Preferred Units, without designation as to series until such shares are once more designated as part of a particular series by the General Partner.

• Upon voluntary or involuntary liquidation, dissolution or winding-up of the Partnership, distributions on the Series M Preferred Units shall be made in accordance with Article 13 of this Agreement.

• Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series M Preferred Units for which a notice of redemption has been given.

• If less than all of the Series M Preferred Units are to be redeemed, the notice shall also specify the number of Series M Preferred Units to be redeemed.

• The Series M Preferred Shares shall constitute a separate series of preferred shares of beneficial interest of the Trust, and each share of Series M Preferred Shares shall be identical.

More Definitions of Series M

Series M is defined in the introductory paragraph hereto. “Series R” is defined in the introductory paragraph hereto. “Series T” is defined in the introductory paragraph hereto.

Series M. A series of 2,400 preferred shares, without par value, liquidation preference $25,000 per share plus accumulated but unpaid dividends, if any, thereon (whether or not earned or declared), is hereby designated "Municipal Auction Rate Cumulative Preferred Shares, Series M" and is referred to below as "Series M Municipal Preferred." Each share of Series M Municipal Preferred shall be issued on __________ __, 1999; have an Applicable Rate for its Initial Rate Period equal to ___% per annum; have an initial Dividend Payment Date of Tuesday, __________ __, 1999; and have such other preferences, limitations and relative voting and other rights, in addition to those required by applicable law or set forth in the Trust's Declaration of Trust, as are set forth in Part I and Part II of this Section 12.1. Series M Municipal Preferred shall constitute a separate series of Municipal Preferred of the Trust. The Board of Trustees of the Trust may, in their discretion, increase the number of shares of Municipal Preferred authorized under these By-laws to authorize the issuance of another series of Municipal Preferred so long as such issuance is permitted by paragraph 5 of Part I of this Section 12.1.