Examples of Offered Preferred Shares in a sentence
In rendering the opinion set forth in this Paragraph 4, I have assumed that, at the time of issuance of any Offered Preferred Shares, (i) the Articles, the Bylaws and the IBCL shall not have been amended after the date hereof so as to affect the validity of such issuance and (ii) there shall be sufficient shares of Preferred Stock authorized under the Articles (as then in effect) and not otherwise reserved for issuance.
With respect to any offering of any series of Preferred Shares (the “Offered Preferred Shares”), when the Certificate of Designations (as hereinafter defined) has been duly filed with the Department of State of the State of Delaware, the Offered Preferred Shares (including any Offered Preferred Shares duly issued upon conversion or exchange of any other Securities), will be duly authorized, validly issued, fully paid and nonassessable.
In rendering the opinion set forth in this paragraph 2, I have assumed that, at the time of issuance of any Offered Preferred Shares, the Certificate of Incorporation, the By-Laws and the Virginia Act shall not have been amended so as to affect the validity of such issuance.
In rendering the opinion set forth in this paragraph 2, I have assumed that, at the time of issuance of any Offered Preferred Shares, the Certificate of Incorporation, the ByLaws and the CBCA shall not have been amended so as to affect the validity of such issuance.
In rendering the opinion set forth in this Paragraph 2, we have assumed that, at the time of issuance of any Offered Preferred Shares, the Certificate (except with respect to the Certificate of Designation), the Certificate of Designation, the Bylaws and the General Corporation Law of the State of Delaware shall not have been amended so as to affect the validity of such issuance.
Non-power, and site and warehouse depreciation costs increased across the Group in line with the increase in sites and related costs.
The issuance and sale of the Offered Preferred Shares is not subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase the Offered Preferred Shares that have not been duly waived or satisfied.
In rendering the opinion set forth in this Paragraph 4, I have assumed that, at the time of issuance of any Offered Preferred Shares, (a) the Articles, the By-Laws and the MBCA shall not have been amended after the date hereof so as to affect the validity of such issuance, and (b) there shall be sufficient Preferred Shares authorized under the Articles (as then in effect) and not otherwise reserved for issuance.
However, as indicated by the shaded cells these judgements were debatable.
Each of the Warrant Conversion Shares and the Preferred Conversion Shares, when issued and delivered (i) upon exercise of the Offered Warrants, in accordance with the terms thereof, or (ii) upon conversion of the Offered Preferred Shares, in accordance with the terms of the Company’s Amended and Restated Articles of Incorporation and the Certificate of Designation, respectively, will be validly issued, fully paid and nonassessable.