Examples of Aggregate Conversion Shares in a sentence
The rights of the holder of Series D-1 Preferred Stock that has been converted, except for the right to receive the Aggregate Conversion Shares therefor in accordance herewith (and any cash payments to which such holder is entitled pursuant to Section 3(e) hereof), shall cease on the Conversion Date.
The rights of the holder of Series D-2 Preferred Stock that has been converted, except for the right to receive the Aggregate Conversion Shares therefor in accordance herewith (and any cash payments to which such holder is entitled pursuant to Sections 3(e) and (h) hereof), shall cease on the Conversion Date.
The Class C Common Stock shall be convertible into a number of shares of Class A Common Stock (the "Aggregate Class C Conversion Shares") equal to the greater of (A) 3% of the Aggregate Conversion Shares and (B) the sum of (I) the Class C Capital Share Number, plus (II) the product of (x) .440 and (y) the Conversion Excess.
The rights of the holder of Series C Preferred Stock that has been converted, except for the right to receive the Aggregate Conversion Shares therefor in accordance herewith (and any cash payments to which such holder is entitled pursuant to Section 3(e) hereof), shall cease on the Conversion Date.
The Series D Preferred Stock outstanding as at any date shall be convertible into a number of shares of Class A Common Stock (the "Aggregate Series D Conversion Shares") equal to .625 times the excess, if any, of (A) the Aggregate Conversion Shares over (B) the aggregate Preference Amounts (as defined in the Series C Designation) with respect to all outstanding shares of Series C Preferred Stock divided by the Net Realizable FMV of a share of Class A Common Stock at the time of conversion.
The Series H Preferred Stock outstanding as at any date shall be convertible into a number of shares of Class A Common Stock (the "Aggregate Series H Conversion Shares") equal to .625 times the excess, if any, of (A) the Aggregate Conversion Shares over (B) the aggregate Preference Amounts (as defined in the Series G Designation) with respect to all outstanding shares of Series G Preferred Stock divided by the Net Realizable FMV of a share of Class A Common Stock at the time of conversion.
On the Third Anniversary, all remaining outstanding Shares (including any fractional Shares) held by each holder of Series A Preferred Stock shall convert automatically (without further action on the part of the Corporation or any holder thereof) into such holder’s pro rata portion of the number of Aggregate Conversion Shares, as computed in accordance with Section 5C(i) (the “ Mandatory Conversion”).
The Series D Preferred Stock outstanding as at any date shall be convertible into a number of shares of Class A Common Stock (the “Aggregate Series D Conversion Shares”) equal to .625 times the excess, if any, of (A) the Aggregate Conversion Shares over (B) the aggregate Preference Amounts (as defined in the Series C Designation) with respect to all outstanding shares of Series C Preferred Stock divided by the Net Realizable FMV of a share of Class A Common Stock at the time of conversion.
The Series H Preferred Stock outstanding as at any date shall be convertible into a number of shares of Class A Common Stock (the “Aggregate Series H Conversion Shares”) equal to .625 times the excess, if any, of (A) the Aggregate Conversion Shares over (B) the aggregate Preference Amounts (as defined in the Series G Designation) with respect to all outstanding shares of Series G Preferred Stock divided by the Net Realizable FMV of a share of Class A Common Stock at the time of conversion.
If any event occurs of the type contemplated by the provisions of this Section 5 but not expressly provided for by such provisions (including, without limitation, the granting of stock appreciation rights, phantom stock rights or other rights with equity features), then the Corporation’s Board of Directors shall make an appropriate adjustment in the number of Aggregate Conversion Shares so as to protect the rights of the holders of Series A Preferred Stock.