Series Two Sample Clauses
Series Two. The Class B Preferred Stock—Series Two will have the same rights, privileges and benefits as the Class B Preferred Stock—Series One, including the same conversion price, will be pari passu in respect to the payment of dividends and liquidation preference with Series One of the Class B Preferred Stock, but will bear a cumulative coupon of 5.0%. Such Class B Preferred Stock—Series Two will contain the terms set forth in the Certificate of the Designations, Powers, Preferences and Rights of the Class B Preferred Stock – Series Two is annexed hereto as Exhibit C.
Series Two. Series Two is associated with an asset described as _________________, and located at _________________________, in the City of ____________________, County of _________________________, State of _________________, and Country of _______________________, commonly referred to as __________________.
(a) The Company shall keep and maintain Series Two records that are separate and distinct from any and all other series’ records.
(b) The Company shall hold and account for Series Two assets that are separate and distinct from any and all other series’ assets.
(c) The debts, liabilities and obligations incurred, contracted for or otherwise existing with respect to Series Two shall be enforceable against the assets of Series Two only, and not against the assets of the Company generally or any other series thereof.
(d) None of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Company generally or any other series thereof shall be enforceable against the assets of Series Two.
(e) In no case shall a Member of Series Two be personally obligated for any or all of the debts, obligations and liabilities of this Series Two, any other series, or the Company generally.
(f) Series Two shall have Class A, Class B, and Class C Members and said Members shall have all of the rights and responsibilities as otherwise stated in this Agreement (specifically, but not limited to, Article IV below). Class Members of one series shall have no rights or responsibilities with respect to Class Members of other series, and vice versa.
(g) Any event that causes a Member to cease to be associated with this series shall not, in itself, cause such Member to be associated with any other series or terminate the continued membership of a Member in the Company, or cause the termination of the entire series, regardless of whether such Member was the last remaining Member associated with such series.
(h) Series Two may be terminated and its affairs wound up without causing the dissolution of the Company.