Examples of Series A COD in a sentence
The Company shall have filed the Series A COD with the Secretary of State of the State of Delaware, and the Series A COD shall remain in full force and effect as of the Closing.
Specifically, plaintiffs argue that the court should not validate this amendment because defendants “have not identified any [defective corporate act] that was rendered void or voidable by the failure to amend [Section 7(a)].”175 I disagree.To begin, the issuance of 3,936,571 common shares to Glenhill upon the conversion of its Series A Preferred was void because it violated Section 7(a) of the Series A COD as it existed before that provision was amended as a result of the Ratification Resolutions.
See the section entitled “ The Ancillary Agreements — Series A COD Amendment” beginning on page 116 for additional information regarding the Series A COD Amendment.Furthermore, in connection with the Mergers, BioScrip has agreed to amend and restate the warrant agreement dated June 29, 2017 (the “Warrant Amendment”).
The Purchaser acknowledges and agrees that no public market exists (and it is likely that none will ever exist) for the Series A Preferred Stock and the share of Series A Preferred Stock is subject to transfer restrictions as set forth in the Series A COD.
As previously explained, Glenhill had the right under the Series A COD to receive cumulative dividends at the rate of 9% per year compounding annually to be paid in-kind in the form of additional shares of Series A Preferred with the option to let the PIK Dividend (i) accrue to the next “Dividend Payment Date” or (ii) accrete to, and increase, the Stated Value of the Series A Preferred.
See the section entitled “ The Ancillary Agreements — Preferred Stock Repurchase Agreement” on page 117 for a more detailed description of the Preferred Stock Repurchase Agreement.The BioScrip Board also approved the Series A COD Amendment, which is subject to the approval of the BioScrip stockholders at the special meeting.
The proposal to adjourn the special meeting to solicit additional proxies if there are not sufficient votes to approve the share issuance proposal, the amended charter proposal and the Series A COD amendment proposal or to ensure that any supplement or amendment to the accompanying proxy statement is timely provided to BioScrip stockholders, which proposal is referred to as the adjournment proposal.
See the section entitled “The Ancillary Agreements — Series A COD Amendment” on page 116 for a more detailed description of the Series A COD Amendment.
Pursuant to the Series A COD, the Company designated 3,500,000 shares of preferred stock as Series A Stock, par value of $0.001 per share.
The Purchaser acknowledges and agrees that no public market exists for the Series A Preferred Stock and the share of Series A Preferred Stock is subject to transfer restrictions as set forth in the Series A COD.