Examples of Existing Series A Preferred Stock in a sentence
At such time, if at all, that the Reorganized Debtor shall have attained aggregate gross revenues for four consecutive fiscal quarters of not less than $10 million (the "Series A Preferred Revenue Precondition"), holders of Allowed Class 4A Equity Interests shall receive one (1) share of New Common Stock for every five (5) shares of Existing Series A Preferred Stock held as of the Effective Date.
Class 4A is comprised of all Allowed Equity Interests represented by the Existing Series A Preferred Stock issued and outstanding prior to the Effective Date.
RESOLVED FURTHER: That all matters set forth in the Charter with respect to the Existing Series A Preferred Stock are eliminated from the Charter.
The right to dividends on shares of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock shall not be cumulative, and no right shall accrue to holders of Series C Preferred Stock, Series B Preferred Stock or Existing Series A Preferred Stock by reason of the fact that dividends on said shares are not declared in any prior period.
All holders of record of shares of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock shall be sent written notice of the Mandatory Conversion Time and the place designated for mandatory conversion of all such shares of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock pursuant to this Section 5.
Except as provided by the DGCL or other applicable law or by the other provisions of the Certificate of Incorporation, holders of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock shall vote together with the holders of Common Stock as a single class on all matters.
The holders of record of at least a majority of outstanding shares of Existing Series A Preferred Stock, exclusively and as a separate class, shall be entitled to elect two (2) directors of the Corporation (the “Series A Directors”).
Any dividends declared by the Board prior to the Original Issue Date and not paid prior to the Original Issue Date shall be forfeited and shall not be payable to the holders of the Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock.
As of the date of this Agreement, the Existing Series A Preferred Stock is deposited with the Depositary.
In the event that holders of Common Stock have the opportunity to elect the form of consideration to be received in the Transaction, the Company shall make adequate provision whereby the Holders shall have a reasonable opportunity to determine the form of consideration into which all of the Preferred Shares, shares of Existing Series A Preferred Stock and shares of Additional Permitted Preferred Stock, treated as a single class, shall be convertible from and after the effective date of the Transaction.