Preferred Stock definition
Examples of Preferred Stock in a sentence
A transferring Holder will cause any proposed purchaser, pledgee, or transferee of the Preferred Stock and the Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement.
Angel may sell shares of its Series A Preferred Stock to fund the marketing/distribution of the Content, and may augment these funds with additional P&A financing up to the aforementioned Theatrical Marketing Cap, as applicable (collectively the “P&A Financing”) based upon Axxxx’s projected revenue performance of the Picture as determined in cooperation with You and shared with You prior to any commitments to secure such P&A Financing.
For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company that the holders of which are entitled to vote for members of the Board, including without limitation, all shares of Common Stock and Preferred Stock, by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise.
The Company has entered into Support Agreements with holders of more than 50% of the Company’s outstanding Preferred Stock.
The Company, the Key Holders and the Existing Investors party to the Prior Agreement desire to amend and restate that agreement to provide those Investors purchasing shares of the Series B Preferred Stock pursuant to the Purchase Agreement with the right, among other rights, to designate the election of certain members of the board of directors of the Company (the “Board”) in accordance with the terms of this Agreement.