Preferred definition
Examples of Preferred in a sentence
As of the date hereof, the Existing Common Shares and Existing Preferred Shares (as applicable to Stockholder) constitute all of the shares of Company Stock Beneficially Owned or owned of record by Stockholder.
From and after the date of this Agreement until the Closing or, if earlier, the Termination Date, without the prior written consent of the Company, Stockholder shall not, except as expressly contemplated by the Merger Agreement or this Agreement: acquire beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) or record ownership of any additional shares of Common Stock, Preferred Stock or any other securities of the Company.
Please read this disclosure about how the Company will provide certain documents that it is required by the Internal Revenue Service (the “IRS”) to send to you (the “Tax Documents”) in connection with your Preferred Shares.
Notwithstanding the foregoing, no adjustments shall be made, paid or issued under this Section 3(f) in respect of an Exempt Issuance or in connection with the conversion or issuance of any shares of Preferred Stock.
DentonX has issued, or will issue, equity-based incentive awards to certain Key Persons of OIC in the form of Three Hundred Sixty (360) Series B Preferred Shares of DentonX, as further described in the DentonX Share Grant Agreement (the “Share Grant Agreement”).