Designation definition
Examples of Designation in a sentence
Subject to the waiver by Golden Post Rail, LLC of its pre-emptive rights under the Series C Designation, upon payment of the Purchase Price and issuance of the Shares, the Shares will be duly authorized, validly issued, fully paid, non-assessable and free of pre-emptive rights.
In addition, the Securityholders shall be bound by their obligations with respect to any lockup arrangements or other restrictions on transfer of Registrable Securities set forth in the Securities Purchase Agreement and Certificate of Designation.
For the avoidance of doubt, this Section 7.4 shall not in any way limit or otherwise modify any applicable restrictions on transfer set forth in the Securities Purchase Agreement of Certificate of Designation.
Parent shall have filed the Certificate of Designation with the Secretary of State of the State of Delaware.
All outstanding shares of the Company’s capital stock have been duly authorized and validly issued, and are fully paid, non-assessable, and free of any preemptive rights, other than those certain preemptive rights set forth in the Series C Designation.