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).
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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).
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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).
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Examples of Voting Rights Triggering Event in a sentence

  • 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.

  • Voting Rights None, unless a Voting Rights Triggering Event exists.

  • Each such event described in clause (i), (ii) or (iii) is a "VOTING RIGHTS TRIGGERING EVENT." A Voting Rights Triggering Event shall not be deemed to have occurred if at the time of such event there are less than 300,000 Preferred Securities then Outstanding.

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

  • In the event of a Voting Rights Triggering Event, the Board of Directors shall consist of nine individuals, four of whom shall be Appointed Directors and five of whom shall be Elected Directors.


More Definitions of Voting Rights Triggering Event

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.
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Voting Rights Triggering Event has the meaning ascribed to it in paragraph (f)(iii)(A) hereof.
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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).
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Voting Rights Triggering Event has the meaning specified in Section 6.4(b)(i).
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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).
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Voting Rights Triggering Event means dividends on the Preferred Stock being 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 Issue Date and ending on July 1, 2013.
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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).
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