Examples of Series A Preferred Stock Designation in a sentence
The Series A Preferred Stock shall be perpetual unless converted in accordance with this Series A Preferred Stock Designation.
The jury trial waiver and exclusive forum provisions of the subscription agreement applies only to actions arising under that agreement and does not apply to claims arising from actions not related to this Regulation A offering.Designations, Preferences, Rights And Limitations of Series A Preferred Stock Designation And Number Of Shares.
Shares of Series A Preferred Stock duly converted in accordance with this Series A Preferred Stock Designation, or otherwise reacquired by the Company, will resume the status of authorized and unissued preferred stock, undesignated as to series and available for future issuance.
The Company will not issue any additional shares of Series A Convertible Preferred Stock except (i) as required by the Series A Preferred Stock Designation and (ii) the Xxxxxxx Investment.
No share of Series A Preferred stock shall have any rights of preemption whatsoever pursuant to this Series A Preferred Stock Designation as to any securities of the Company, or any warrants, rights or options issued or granted with respect thereto, regardless of how such securities, or such warrants, rights or options, may be designated issued or granted.
All outstanding principal and accrued interest under this Note will become due and payable upon (i) the occurrence of a Change in Control or (ii) the exercise by the Company of its redemption rights under Section 4(c) of the Series A Preferred Stock Designation.
Pursuant to the Series A Preferred Stock Designation, the holders of the Series A Preferred stock are entitled to three hundred thirty-three and one-third votes, on an “as-converted” basis, per each Series A Preferred share held of record on all matters to be voted upon by the stockholders.
The Preferred Stock shall be in the form of the Series A Preferred Stock Designation attached hereto as Exhibit B.
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Except for the dividends required under the Series A Preferred Stock Designation, no Loan Party will declare or pay any dividends on, or make any other distributions, direct or indirect, on account of, any class of its stock or make any payment on account of the purchase, redemption or other retirement of any shares of such stock or of any warrants, rights, or options to acquire any shares of such stock, either directly or indirectly.