Base Dividend Rate

Base Dividend Rate. Means a rate initially equal on the Original Issue Date to 8.5% per annum of the Stated Series A Liquidation Preference per share and, from time to time after the Original Issue Date, and without duplication, such rate per annum as shall be increased upon a Registration Default, or as such rate per annum may subsequently be decreased upon cessation of a Registration Default, all as set forth in Section 3(b) of this Certificate of Designation.