Initial Series A Preferred Stock definition

Initial Series A Preferred Stock means the 21,000 shares of Series A Preferred Stock issued on the Issue Date or thereafter pursuant to that certain Asset Purchase Agreement, dated as of August 18, 2017, among Boyd Coffee Company, Farmer Bros. Co. and the other parties named therein.

Initial Series A Preferred Stock means the 80,000 shares of Series A Preferred Stock issued on the Sixth Amendment Effective Date.

Initial Series A Preferred Stock means the initial 14,000,000 shares of Series A Preferred Stock issued as provided pursuant to clause (b)(D)(1)(i) of this paragraph 5.

Examples of Initial Series A Preferred Stock in a sentence

• Notwithstanding anything herein to the contrary, in no event will the number of shares of Common Stock issuable upon conversion of the Initial Series A Preferred Stock exceed, in the aggregate, 3,367,515 shares (subject to proportionate adjustment for stock dividends, stock splits and combinations and similar transactions), unless the Corporation first complies, to the extent applicable, with all stockholder approval rules of the NASDAQ Global Select Market.

• The purchase price for the Initial Series A Preferred Stock to be acquired by the Purchaser (the “Initial Purchase Price”) shall be $5,221,283 million.

• In addition, at or before the Initial Closing, each party shall deliver such documents, instruments and writings as may be deemed to be reasonably necessary by the other party to complete the purchase and sale of the Initial Series A Preferred Stock.

• On the Initial Closing Date, the Company shall issue the Initial Series A Preferred Stock in book-entry form in the name of the Purchaser, and Purchaser shall deliver the Initial Purchase Price by wire transfer of immediately available funds to an account designated in writing by the Company.

• Upon the terms and conditions, set forth in this agreement, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, the Initial Series A Preferred Stock.

• The holders of the Series A Preferred Stock shall be entitled to receive, prior and in preference to any distribution of any of the assets or surplus funds of the Corporation to the holders of the Common Stock by reason of their ownership of such stock, an amount equal to $100 (the "Initial Series A Preferred Stock Price") for each share of Series A Preferred Stock then held by them and, in addition, an amount equal to all cumulated and unpaid dividends on the Series A Preferred Stock.

More Definitions of Initial Series A Preferred Stock

Initial Series A Preferred Stock means the shares of Series A Preferred Stock issued to the Investors on the date hereof.