Voting Rights Triggering Event definition

Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).

Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to periods ending on more than six consecutive Dividend Payment Dates.

Voting Rights Triggering Event means dividends on the Convertible Preferred Stock being in arrears and unpaid with respect to six or more quarterly dividend payment periods (whether or not consecutive).

Examples of Voting Rights Triggering Event in a sentence

• In the event such voting rights expire or are no longer exercisable because dividends in arrears have been paid in full, the term of any directors elected pursuant to the provisions of this paragraph 6 above shall terminate forthwith and the number of directors constituting the Board of Directors shall be immediately and automatically decreased by two (until the occurrence of any subsequent Voting Rights Triggering Event).

• Voting rights arising as a result of a Voting Rights Triggering Event will continue until such time as all dividends in arrears on the Cumulative Convertible Preferred Stock are paid in full.

• The voting rights provided herein shall be the exclusive remedy at law or in equity of the holders of the Exchangeable Preferred Stock for any Voting Rights Triggering Event.

• Holders of a majority of the outstanding principal amount of the Notes shall during the period set forth in Section 6.4(b)(ii) have the exclusive right to appoint two directors of the Board of Directors at a meeting therefor called upon occurrence of such Voting Rights Triggering Event and at every subsequent meeting at which the terms of office of the directors so elected expire.

• Failure to repurchase shares will result in a Voting Rights Triggering Event.

More Definitions of Voting Rights Triggering Event

Voting Rights Triggering Event has the meaning ascribed to it in paragraph (f)(iii)(A) hereof.

Voting Rights Triggering Event has the meaning specified in Section 6.4(b)(i).

Voting Rights Triggering Event means a time at which dividends on the Series A Preferred Stock or dividends on any other series of Preferred Stock or preference securities that ranks equally with the Series A Preferred Stock as to payment of dividends and with similar voting rights are in arrears and unpaid with respect to six or more quarterly dividend periods (whether or not consecutive and including the dividend period beginning on the Initial Issue Date and ending on [●], 2017).

Voting Rights Triggering Event means the failure of the Corporation to pay dividends on the Mandatory Convertible Preferred Stock with respect to six or more Dividend Periods (whether or not consecutive).

Voting Rights Triggering Event means the failure of the Company to pay dividends on the Mandatory Convertible Preferred Stock or any Voting Rights Class with respect to six or more Dividend Periods (whether or not consecutive).

Voting Rights Triggering Event means a time at which dividends on the Series A Preferred Stock or dividends on any other series of Preferred Stock or preference securities that ranks equally with the Series A Preferred Stock as to payment of dividends and with similar voting rights are in arrears and unpaid for three or more semi-annual dividend periods (whether or not consecutive and including the dividend period beginning on the Initial Issue Date and ending on May 15, 2020).

Voting Rights Triggering Event has the meaning set forth above in Section 4(b) hereof.