Examples of Collective Common Stock in a sentence
The holders of the Series C Preferred shall be entitled to notice of all meetings of the holders of Collective Common Stock in accordance with the Corporation’s bylaws, and except as otherwise required by applicable law, the holders of the Series C Preferred shall be entitled to vote on all matters submitted for a vote to the holders of Collective Common Stock.
The holders of shares of Common Stock shall have the exclusive voting power of the Collective Common Stock of the Corporation.
In order to prevent dilution of the conversion rights granted under this Part 7, the Conversion Price shall be subject to adjustment from time to time pursuant to Part 7.3 and Part 7.4. 7.3 Subdivision or Combination of Collective Common Stock.
So long as any Series C Preferred remains outstanding, the Corporation shall not, nor shall it permit any Subsidiary to, redeem, purchase or otherwise acquire directly or indirectly any Collective Common Stock unless the Corporation offers to also redeem, purchase or otherwise acquire a pro rata percentage of Series C Preferred from the holders thereof and, so redeems, purchases or acquires such Series C Preferred from the holders of Series C Preferred who accept such offer.
Except for such rights and any other rights expressly conferred on the Series C Preferred by this Certificate of Designation, the Series C Preferred shall rank on a parity with the Collective Common Stock.
The Series C Preferred shall, with respect to rights on liquidation, winding-up and dissolution, rank senior to the Collective Common Stock.
The Corporation, LM III, and Persons other than the Persons listed on Schedule B who collectively hold at least 28% of the Collective Common Stock issued and outstanding as of the Closing Date shall have duly executed and delivered the stockholders’ agreement in the form of Exhibit F (the “Stockholders’ Agreement”), and the Stockholders’ Agreement shall be in full force and effect as of the Closing and shall not have been amended or modified.