Examples of Series A-2 Convertible Preferred Stock in a sentence
As part of the Recapitalization, the net proceeds from the sale of the Series A-1 and Series A-2 Convertible Preferred Stock and the issuance of the Senior Debt and the Subordinated Debt were used to redeem 7,000 shares of common stock for an aggregate redemption price of $57,213,931 and to repay all of the Company’s outstanding bank debt.
On November 18, 2003, the Board of Directors of the Company approved resolutions designating as “Series A-2 Convertible Preferred Stock” (the “ Series A-2 Preferred”) an aggregate of 3,000,000 of the shares of Preferred Stock that the Company is authorized to issue pursuant to its Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), all as set forth in the Certificate of Designation of Series A-2 Convertible Preferred Stock of Occam Networks, Inc.
Except as specifically set forth in this Certificate of Designations or in an agreement between the Corporation and the Holder(s) of the respective sub-series, the Series A-1 Convertible Preferred Stock (hereinafter, "Series A-1 Preferred") and the Series A-2 Convertible Preferred Stock (hereinafter, "Series A-2 Preferred") shall have identical rights and benefits as set forth in this Certificate of Designations.
The Company shall have a series of Preferred Stock, which shall be designated as its 8% Series A-2 Convertible Preferred Stock due 2015 (the "Series A-2 Preferred Stock").
The Certificate of Designations of Series and Determinations of Rights and Preferences of Series A and Series A-1 and Series A-2 Convertible Preferred Stock was filed on October 14, 1999.
The Series A Preferred Stock shall consist of the Series A-1 Convertible Preferred Stock and the Series A-2 Convertible Preferred Stock, collectively.
There shall hereby be created and established a series of Preferred Stock designated as "Series A-1 Convertible Preferred Stock" (the "Series A-1 Preferred Stock") and a series of Preferred Stock designated as "Series A-2 Convertible Preferred Stock (the "Series A-2 Preferred Stock").
The Series A Preferred Stock shall rank on a pari passu basis to the Series A-1 Convertible Preferred Stock, par value $.001 per share (the “Series A-1 Preferred Stock”) and the Series A-2 Convertible Preferred Stock, par value $.001 per share (the “Series A-2 Preferred Stock” and together with the Series A-1 Preferred Stock, the “Pari Passu Preferred Stock”).
The Series A-1 Preferred Stock shall rank on a pari passu basis to the Series A Convertible Preferred Stock, par value $.001 per share (the “Series A Preferred Stock”) and the Series A-2 Convertible Preferred Stock, par value $.001 per share (the “Series A-2 Preferred Stock” and together with the Series A Preferred Stock, the “Pari Passu Preferred Stock”).
The Company proposes to sell shares (“Financing”) of its Series A-2 Convertible Preferred Stock, par value $0.001 per share (“Series A-2 Preferred”) to the Investors in accordance with the terms of this Agreement.