Examples of Class A Preferred Stock in a sentence
Notwithstanding the foregoing, shares of Class A Preferred Stock shall only be mandatorily converted upon notice from the Company to the holders thereof that all outstanding Notes have been (or shall be simultaneously) voluntarily or mandatorily converted into Common Stock.
If there is any inconsistency between the Terms and Conditions and any firmware license or end user agreement provided in connection with any firmware update, the provisions of such other license or end user agreements shall apply, to the extent of the inconsistency, unless to the extent otherwise expressly provided therein.
The Class A Preferred Stock is voting stock and carries a liquidation preference over the common stock of ATI.
Holdings and POF Spirit own an aggregate of 100,000 shares of Class A Preferred Stock, which shares accrue dividends on a daily basis at a rate of 5% per annum, and Xxxxxx Xxxxxxx, Xxxx Xxxxx and Taurus own an aggregate of 2,850 shares of Class B Preferred Stock, which shares accrue dividends on a daily basis at a rate of 17% per annum, each subject to the terms of the Certificate of Incorporation.
The Class A Preferred Stock will have no rights to any dividends except as may be declared by the Board of Directors in good faith and subject to Delaware law.