Series B Certificate of Designation definition
Examples of Series B Certificate of Designation in a sentence
The Series B Preferred Stock will be fully paid, non-assessable and free and clear of any Encumbrances (other than any restrictions set forth in the governing documents of the Issuer or Encumbrances created by applicable securities laws) and otherwise in accordance with the terms of this Agreement upon each issuance thereof, and have the designations, rights, preferences, powers, restrictions and limitations to be set forth in the Series B Certificate of Designation and the Charter.
An amendment of (i) the redemption provisions of the Series A Certificate of Designation in connection with a sale of any of the Loan Parties, (ii) the redemption provisions of the Series B Certificate of Designation in connection with a sale of any of the Loan Parties, and (iii) the certificate of incorporation, bylaws or other constitutive documents of the Parent and the other Loan Parties as contemplated by the Merger Agreement shall not be deemed to have a Material Adverse Effect.
The Series B Certificate of Designation shall have been filed with the Secretary of State of the State of Delaware.
After the occurrence of a Type B Event Date, the Board of Directors shall be comprised of a number of members that is consistent with the Series B Certificate of Designation, the Series C Certificate of Designation, the Series D Certificate of Designation and the Amended Bylaws.
The rights, preferences, privileges and restrictions of the Series B Preferred Stock are as stated in the Series B Certificate of Designation.