Designation, Amount and Par Value definition

Designation, Amount and Par Value. The series of preferred stock shall be designated as Series C Convertible Preferred Stock and the number of shares so designated shall be up to one thousand four hundred (1,400) (which shall not be subject to increase without the written consent of all of the Holders of the Preferred Stock. Each share of Preferred Stock shall have a par value of $0.001 per share and a stated value of $1,200, subject to increase set forth in Section 3 and/or elsewhere in this Certificate of Designation below.
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Examples of Designation, Amount and Par Value in a sentence

  • Designation, Amount and Par Value The Board of Directors hereby designates the following two series of preferred stock: "Series A Convertible Preferred Stock" and "Series B Convertible Preferred Stock" (collectively, the "Preferred Stock").

  • Designation, Amount and Par Value Section 1.01 This series of Preferred Stock shall be designated as the Corporation’s Series D Convertible Preferred Stock (the “Series D Stock”) and the number of shares so designated shall be five hundred thousand (500,000), which shall not be subject to increase without the affirmative vote or written consent of the Holders of at least sixty-seven percent (67%) of the Series D Stock issued and outstanding at the time of any such vote or written consent.

  • Designation, Amount and Par Value Section 1.01 This series of Preferred Stock shall be designated as the Series C Convertible Preferred Stock (the “Series C Stock”) and the number of shares so designated shall be fifty thousand (50,000), which shall not be subject to increase without the affirmative vote or written consent of the Holders of at least sixty-seven percent (67%) of the Series C Stock issued and outstanding at the time of any such vote or written consent.

Related to Designation, Amount and Par Value

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.