Series C Articles Supplementary definition
Examples of Series C Articles Supplementary in a sentence
The Series C Articles Supplementary, dated December 16, 2020, set forth the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption of the Preferred Stock and reflect the classification of 3,680,000 shares as shares of Preferred Stock.
Written notice of any such voluntary or involuntary liquidation, dissolution or winding-up of the Company, stating the payment date or dates when, and the place or places where, the amounts distributable in such circumstances shall be payable, shall be given by the Managing Member pursuant to Section 13.7 hereof but in no event later than the equivalent notices required by the Series C Articles Supplementary.
Such distributions shall be payable quarterly in arrears on the same date as the corresponding Base Dividend (as defined in the Series C Articles Supplementary) is payable to holders of record at the close of business on the record date for the corresponding Base Dividend.
In the event that any provision of this Exhibit F would result in a different distribution or other payments being made to the holder of a Series C Partnership Preferred Units than to a holder of a share of Series C Preferred Stock, this Exhibit F shall be deemed automatically amended to conform to the terms of the Series C Articles Supplementary with respect to such distribution or other payment.
Other than the dividend payment priorities established in connection with the issuance of the Company's Series A Senior Convertible Preferred Stock, the Series B Cumulative Preferred Stock and as set forth in the Series C Articles Supplementary and in the Credit Agreement between the Operating Partnership and Manufacturers and Traders Trust Company, there are no agreements that restrict the right of the Company to declare and pay dividends on its capital stock.