Set apart for payment

Example Definitions of "Set apart for payment"
Set apart for payment. Shall be deemed to include, without any action other than the following, the recording by the Corporation in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of dividends or other distribution by the Board of Directors, the allocation of funds to be so paid on any series or class of capital stock of the Corporation; provided, however, that if any funds for any class or series of Junior Securities or any class or series of Parity Securities... are placed in a separate account of the Corporation or delivered to a disbursing, paying or other similar agent, then "set apart for payment" with respect to the Series A Preferred Stock shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent. View More Arrow
Found in CCL HISTORICAL INC contract
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Set apart for payment. Shall be deemed to include, without any action other than the following, the recording by the Corporation Trust in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of dividends or other distribution by the Board of Directors, Trustees, the allocation of funds to be so paid on any series or class of capital stock Equity Shares of the Corporation; Trust; provided, however, that if any funds for any class or series of Junior Securities Shares... or any class or series of Parity Securities Shares are placed in a separate account of the Corporation Trust or delivered to a disbursing, paying or other similar agent, then "set apart for payment" with respect to the Series A J Preferred Stock Shares shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent. View More Arrow
Found in Corporate Office Properties Trust contract
Set apart for payment. Shall be deemed to include, without any action other than the following, the recording by the Corporation Trust in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of dividends or other distribution by the Board of Directors, Trustees, the allocation of funds to be so paid on any series or class of capital stock Equity Shares of the Corporation; Trust; provided, however, that if any funds for any class or series of Junior Securities Shares... or any class or series of Parity Securities Shares are placed in a separate account of the Corporation Trust or delivered to a disbursing, paying or other similar agent, then "set apart for payment" with respect to the Series A D Preferred Stock Shares shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent. View More Arrow
Found in Corporate Office Properties Trust contract
Set apart for payment. Shall be deemed to include, without any action other than the following, the recording by the Corporation Trust in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of dividends or other distribution by the Board of Directors, Trustees, the allocation of funds to be so paid on any series or class of capital stock Equity Shares of the Corporation; Trust; provided, however, that if any funds for any class or series of Junior Securities Shares... or any class or series of Parity Securities Shares are placed in a separate account of the Corporation Trust or delivered to a disbursing, paying or other similar agent, then "set apart for payment" with respect to the Series A E Preferred Stock Shares shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent. View More Arrow
Found in Corporate Office Properties Trust contract
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Set apart for payment. Shall be deemed to include (without limitation), without any action other than the following: the recording by the Partnership in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to an authorization by the General Partner and a declaration of distribution by the Partnership, the allocation of funds to be so paid on any series or class of units of the Partnership; provided, however, that if any funds for any Junior Units or Parity Preferred Units are placed... in a separate account of the Partnership or delivered to a disbursing, paying or other similar agent, then "set apart for payment" with respect to the Series B Preferred Units shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent. View More Arrow
Found in Cherry Hill Mortgage Investment Corp contract
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