Exchange of Series A Preferred Shares Sample Clauses

Exchange of Series A Preferred Shares. Subject to satisfaction ------------------------------------- (or waiver) of the conditions set forth in Sections 6 and 7, the Company shall at the Closing (i) except as provided in Section 1(c), issue to the Investor, and the Investor agrees to exchange that number of such Investor's Series A Preferred Shares set forth opposite such Investor's name in Column 5 on the Schedule of Investors for, that number of Common Shares equal to the sum of (A) the number of Fixed Common Shares set forth opposite the Investor's name in Column 6 on the Schedule of Investor, plus (B) the Additional Common Shares (as defined below); (ii) issue to the Investor, and the Investor agrees to exchange that number of the Investor's Series A Preferred Shares set forth opposite the Investor's name in Column 7 on the Schedule of Investor for, that number of Series B Preferred Shares set forth opposite the Investor's name in Column 8 on the Schedule of Investor; and (iii) issue to the Investor, and the Investor agrees to exchange that number of the Investor's Series A Preferred Shares set forth opposite the Investor's name in Column 9 on the Schedule of Investor for, that number of Series C Preferred Shares set forth opposite the Investor's name in Column 10 on the Schedule of Investor. The "Additional Common Shares" means the number of shares of Common Stock determined according to the following formula:
Sample 1
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Exchange of Series A Preferred Shares. Subject to satisfaction ------------------------------------- (or waiver) of the conditions set forth in Sections 6 and 7, the Company shall at the Closing (i) issue to each Investor, and each Investor severally agrees to exchange that number of such Investor's Series A Preferred Shares set forth opposite such Investor's name in Column 5 on the Schedule of Investors (which number of Series A Preferred Shares in the aggregate equals 500 Series A Preferred Shares) for, that number of Common Shares set forth opposite such Investor's name in Column 6 on the Schedule of Investors (which number of Common Shares in the aggregate equals 1,000,000 Common Shares); (ii) issue to each Investor, and each Investor severally agrees to exchange that number of such Investor's Series A Preferred Shares set
Sample 1
Exchange of Series A Preferred Shares. Subject to ------------------------------------- satisfaction (or waiver) of the conditions set forth in Sections 6 and 7, the Company shall at the Closing (i) issue to the Investor, and the Investor agrees to exchange that number of the Investor's Series A Preferred Shares set forth opposite the Investor's name in Column 5 on the Schedule of Investors, for (A) that number of Fixed Common Shares set forth opposite the Investor's name in Column 6 on the Schedule of Investors plus (B) the Additional Common Shares (as defined below); (ii) issue to the Investor, and the Investor agrees to exchange that number of the Investor's Series A Preferred Shares set forth opposite the Investor's name in Column 7 on the Schedule of Investors for, that number of Series B Preferred Shares set forth opposite the Investor's name in Column 8 on the Schedule of Investors; (iii) issue to the Investor, and the Investor agrees to exchange that number of the Investor's Series A Preferred Shares set forth opposite the Investor's name in Column 9 on the Schedule of Investors for, that number of Series C Preferred Shares set forth opposite the Investor's name in Column 10 on the Schedule of Investors; and (iv) issue to the Investor, and the Investor agrees to exchange that number of the Investor's Series A Preferred Shares set forth opposite the Investor's name in Column 11 on the Schedule of Investors for, that number of Series E Preferred Shares set forth opposite the Investor's name in Column 12 on the Schedule of Investors. The "Additional Common Shares" means (A) 263,407 shares of Common Stock, plus (B) the number of shares of Common Stock determined according to the following formula: $1,800,000 --------------------------- (Additional Common Share Exchange Price)
Sample 1

Related to Exchange of Series A Preferred Shares

  • Series A Preferred Stock On the Closing Date, each Subscriber shall purchase and the Company shall sell to each such Subscriber, the number of shares of Preferred Stock designated on such Subscriber’s signature page hereto for such Subscriber’s Purchase Price indicated thereon.

  • Series B Preferred Stock Section 1.2(d)......................... 5 Shares............................ Section 3.2(a).........................

  • Preferred Shares The Preferred Shares have been duly and validly authorized, and, when issued and delivered pursuant to this Agreement, such Preferred Shares will be duly and validly issued and fully paid and non-assessable, will not be issued in violation of any preemptive rights, and will rank pari passu with or senior to all other series or classes of Preferred Stock, whether or not issued or outstanding, with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

  • Conversion of Company Preferred Stock The Company shall have completed the conversion of all issued and outstanding Company Preferred Stock to Company Common Stock.

  • Preferred Stock Shares of Preferred Stock may be issued from time to time in one or more series, each of such series to have such terms as stated or expressed herein and in the resolution or resolutions providing for the creation and issuance of such series adopted by the Board of Directors as hereinafter provided. Authority is hereby expressly granted to the Board of Directors from time to time to issue the Preferred Stock in one or more series, and in connection with the creation of any such series, by adopting a resolution or resolutions providing for the issuance of the shares thereof and by filing a certificate of designation relating thereto in accordance with the DGCL (a “Certificate of Designation”), to determine and fix the number of shares of such series and such voting powers, full or limited, or no voting powers, and such designations, preferences and relative participating, optional or other special rights, and qualifications, limitations or restrictions thereof, including without limitation thereof, dividend rights, conversion rights, redemption privileges and liquidation preferences, and to increase or decrease (but not below the number of shares of such series then outstanding) the number of shares of any series as shall be stated and expressed in such resolutions, all to the fullest extent now or hereafter permitted by the DGCL. Without limiting the generality of the foregoing, the resolution or resolutions providing for the creation and issuance of any series of Preferred Stock may provide that such series shall be superior or rank equally or be junior to any other series of Preferred Stock to the extent permitted by law and this Second Amended and Restated Certificate (including any Certificate of Designation). Except as otherwise required by law, holders of any series of Preferred Stock shall be entitled only to such voting rights, if any, as shall expressly be granted thereto by this Second Amended and Restated Certificate (including any Certificate of Designation). The number of authorized shares of Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the stock of the Corporation entitled to vote, irrespective of the provisions of Section 242(b)(2) of the DGCL.

  • Conversion of Preferred Shares If, at any time, any of the Preferred Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Preferred Units equal to the number of Preferred Shares so converted shall automatically be converted into a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.

  • Conversion of Preferred Stock If the Class is a class and series of the Company’s convertible preferred stock, in the event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into common stock pursuant to the provisions of the Company’s Certificate of Incorporation, including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable for such number of shares of common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • Issuance of Preferred Stock So long as this Warrant remains outstanding, the Company will not issue any capital stock of any class preferred as to dividends or as to the distribution of assets upon voluntary or involuntary liquidation, dissolution or winding up, unless the rights of the holders thereof shall be limited to a fixed sum or percentage of par value in respect of participation in dividends and in the distribution of such assets.

  • Book-Entry Preferred Securities (a) A Global Preferred Security may be exchanged, in whole or in part, for Definitive Preferred Securities Certificates registered in the names of the Owners only if such exchange complies with Section 5.7 and (i) the Depositary advises the Administrative Trustees and the Property Trustee in writing that the Depositary is no longer willing or able properly to discharge its responsibilities with respect to the Global Preferred Security, and no qualified successor is appointed by the Administrative Trustees within ninety (90) days of receipt of such notice, (ii) the Depositary ceases to be a clearing agency registered under the Exchange Act and the Administrative Trustees fail to appoint a qualified successor within ninety (90) days of obtaining knowledge of such event, (iii) the Administrative Trustees at their option advise the Property Trustee in writing that the Trust elects to terminate the book-entry system through the Depositary or (iv) a Note Event of Default has occurred and is continuing. Upon the occurrence of any event specified in clause (i), (ii), (iii) or (iv) above, the Administrative Trustees shall notify the Depositary and instruct the Depositary to notify all Owners of Book-Entry Preferred Securities, the Delaware Trustee and the Property Trustee of the occurrence of such event and of the availability of the Definitive Preferred Securities Certificates to Owners of the Preferred Securities requesting the same. Upon the issuance of Definitive Preferred Securities Certificates, the Trustees shall recognize the Holders of the Definitive Preferred Securities Certificates as Holders. Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB, such transfer shall be effected, subject to the Applicable Depositary Procedures, in accordance with the provisions of this Section 5.6 and Section 5.7, and the transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer. A holder of a Definitive Preferred Securities Certificate that is a QIB may, upon request, and in accordance with the provisions of this Section 5.6 and Section 5.7, exchange such Definitive Preferred Securities Certificate for a beneficial interest in a Global Preferred Security.

  • Company Preferred Stock “Company Preferred Stock” shall mean the Preferred Stock, $0.001 par value per share, of the Company.

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