Examples of Aggregate Stated Value in a sentence
Such increase in the Aggregate Stated Value shall constitute full payment of such dividends.
When any dividends are added to the Aggregate Stated Value, such dividends shall, for all purposes of this Certificate of Designation, be deemed to be part of the Aggregate Stated Value for purposes of determining dividends thereafter payable hereunder and amounts thereafter convertible into Common Stock hereunder, and all references herein to the Aggregate Stated Value shall mean the Aggregate Stated Value, as adjusted pursuant to this Section 5.
Dividends are payable on the Series A Preferred Stock on the last day of June and December of each year (each, a "Dividend Date") by increasing the Aggregate Stated Value by the amount of such dividends.
The Stated Value for all of the shares of Series D Convertible Preferred Stock as of the Original Issuance Date (defined below) is $350,000 (the "Original Aggregate Stated Value") and the Stated Value of each share of Series D Convertible Preferred Stock is $1,000.
The Stated Value for all of the shares of Series C Convertible Preferred Stock as of the Original Issuance Date (defined below) is $900,000 (the "Original Aggregate Stated Value") and the Stated Value of each share of Series C Convertible Preferred Stock is $1,000.
Each share of the Series A Preferred Stock shall be redeemable at the option of the holder, at any time after the date of issuance of such share, for the payment of cash by the Corporation to the holder equal to the Aggregate Stated Value of the shares of Series A Preferred Stock that holder elects to redeem (the “Redemption Payment Amount”).
The holders of each share of Series D Preferred Stock shall be entitled to receive, when and as declared by the Board of Directors of the Corporation (the "Board") out of assets of the Corporation legally available for payment, non-cumulative dividends at the rate per share of ten percent (10%) per annum of the aggregate Stated Value (the "Aggregate Stated Value") of the Series D Preferred Stock (the "Preferred Dividends").
The holders of each share of Series C Preferred Stock shall be entitled to receive, when and as declared by the Board of Directors of the Corporation (the "Board") out of assets of the Corporation legally available for payment, dividends at the rate per share of Twelve Percent (12%) per annum of the aggregate Stated Value (the "Aggregate Stated Value") of the Series C Preferred Stock (the "Preferred Dividends").
By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Chief Financial Officer Purchase Price: $3,220,000 Aggregate Stated Value: $3,500,000 Warrants to be issued at Closing: 362,500 Address for Notice: Deephaven Private Placement Trading Ltd.
The Stated Value for all of the shares of Series B Convertible Preferred Stock as of the Original Issuance Date (defined below) is $3,000,000 (the "Original Aggregate Stated Value") and the Stated Value of each share of Series B Convertible Preferred Stock is $1,000.