Charter Effective Date definition

Charter Effective Date means the date upon which these Articles of Incorporation are accepted for record by the State Department of Assessments and Taxation of the State of Maryland.
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Charter Effective Date means the date upon which the Charter is accepted for record by the State Department of Assessments and Taxation of Maryland.
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Charter Effective Date means the date upon which this Charter is accepted for record by the SDAT.
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Examples of Charter Effective Date in a sentence

  • For purposes of the Series A Preferred Stock to be created pursuant to the Restated Charter, references herein to the Series A-1 Original Issue Price shall mean $7.91 per share (as equitably adjusted for any stock dividends, combinations, splits, recapitalizations or similar events with respect to such shares), and references herein to the Series A-1 Conversion Price shall mean the Series A-1 Conversion Price reflecting any adjustments thereto through the Restated Charter Effective Date.

  • The Board has approved the Amended and Restated Bylaws substantially in the form attached to this Agreement as Exhibit D (the “Restated Bylaws”), which shall become effective upon the Restated Charter Effective Date.

  • Such conversion shall be deemed to have occurred effective as of the Restated Charter Effective Date.

  • If the Company fails for any reason to file an amended charter pursuant to this Section 4.10 prior to the Charter Effective Date, the Company shall pay to such Holder, in cash, as liquidated damages and not as a penalty, $0.27 per day for each $1,000 in Notes purchased by such Purchaser until such amended charter is effective.

  • On the Restated Charter Effective Date, all certificates theretofore representing shares of Series A-1 Preferred Stock shall be deemed to represent the number of shares of Series A Preferred Stock provided in Section 8.1 above.

  • On or after the Restated Charter Effective Date, each holder or holders of such certificates shall deliver such certificates, duly endorsed, to the office of the Corporation for reissuance in accordance with the provisions of this Section 8.

  • The Stockholders currently hold shares of Common Stock of the Company, which shares will be reclassified into shares of Class B Common upon the Charter Effective Date.

  • Notwithstanding the provisions of Section 6 above, on the Restated Charter Effective Date (as hereinafter defined), each outstanding share of Series A-1 Preferred Stock shall be automatically converted into a number of shares of Series A Preferred Stock (as hereinafter defined) equal to one-tenth of the number of shares of Common Stock into which such share of Series A-1 Preferred Stock could then be converted pursuant to Section 6.1 above.