Common use of Designation, Amount and Par Value Clause in Contracts

Designation, Amount and Par Value. The series of preferred stock shall be designated as its Series D Convertible Preferred Stock (the “Preferred Stock”) and the number of shares so designated shall be 231,100 (which shall not be subject to increase without the consent of the holders of a majority of the Preferred Stock (each, a “Holder” and collectively, the “Holders”)). Each share of Preferred Stock shall have a par value of $.001 per share and a stated value equal to the sum of $10 plus all accrued and unpaid dividends to the date of determination to the extent not previously paid in cash or common stock, par value $.00001 per share (“Common Stock”) of the Company in accordance with the terms hereof (the “Stated Value”).

Appears in 2 contracts

Samples: Whereas, Bioneutral (BioNeutral Group, Inc), BioNeutral Group, Inc

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Designation, Amount and Par Value. The series of preferred stock shall be designated as its Series D B Convertible Preferred Stock (the “Preferred Stock”) and the number of shares so designated shall be 231,100 213,500 (which shall not be subject to increase without the consent of the holders of a majority of the Preferred Stock (each, a “Holder” and collectively, the “Holders”)). Each share of Preferred Stock shall have a par value of $.001 per share and a stated value equal to the sum of $10 plus all accrued and unpaid dividends to the date of determination to the extent not previously paid in cash or common stock, par value $.00001 per share (“Common Stock”) of the Company in accordance with the terms hereof (the “Stated Value”).

Appears in 2 contracts

Samples: Whereas, Bioneutral (BioNeutral Group, Inc), BioNeutral Group, Inc

Designation, Amount and Par Value. The series of preferred stock shall be designated as its Series D C Convertible Preferred Stock (the “Preferred Stock”) and the number of shares so designated shall be 231,100 140,000 (which shall not be subject to increase without the consent of the holders of a majority of the Preferred Stock (each, a “Holder” and collectively, the “Holders”)). Each share of Preferred Stock shall have a par value of $.001 per share and a stated value equal to the sum of $10 plus all accrued and unpaid dividends to the date of determination to the extent not previously paid in cash or common stock, par value $.00001 per share (“Common Stock”) of the Company in accordance with the terms hereof (the “Stated Value”).

Appears in 1 contract

Samples: Preferred Stock Drawdown Agreement (BioNeutral Group, Inc)

Designation, Amount and Par Value. The series of preferred stock shall be designated as its 6% Series D A Convertible Preferred Stock (the "Preferred Stock") and the number of shares so designated shall be 231,100 800 (which shall not be subject to increase without the consent of the holders of a majority of the Preferred Stock (each, a "Holder" and collectively, the "Holders")). Each share of Preferred Stock shall have a par value of $.001 .01 per share and a stated value equal to the sum of $10 10,000 plus all accrued and unpaid dividends to the date of determination to the extent not previously paid in cash or common stock, par value $.00001 per share (“Common Stock”) of the Company in accordance with the terms hereof (the "Stated Value").

Appears in 1 contract

Samples: Registration Rights Agreement (Seranova Inc)

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Designation, Amount and Par Value. The series of preferred stock shall be designated as its Series D C Convertible Preferred Stock (the “Preferred Stock”) and the number of shares so designated shall be 231,100 100,000 (which shall not be subject to increase without the consent of the holders of a majority of the Preferred Stock (each, a “Holder” and collectively, the “Holders”)). Each share of Preferred Stock shall have a par value of $.001 per share and a stated value equal to the sum of $10 plus all accrued and unpaid dividends to the date of determination to the extent not previously paid in cash or common stock, par value $.00001 per share (“Common Stock”) of the Company in accordance with the terms hereof (the “Stated Value”).

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (BioNeutral Group, Inc)

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