Examples of Series B Designation in a sentence
The Series B Designation is amended to reduce the conversion price of the Series B Convertible Preferred Stock to $0.014018, and thereby increase the number of shares of Common Stock issuable upon conversion of such shares of the Series B Convertible Preferred Stock to 321,015,546.
Effective as of the Effective Time, Executive hereby releases and discharges the Company from all Claims related to, arising from, or attributed to paragraph (h) of the Series B Designation or the Company's failure to comply with any provision thereof at any time at or prior to the Effective Time and, as of the Effective Time, Stockholder agrees to execute and deliver to the Company a waiver and release substantially identical in substance to this Section 4(a)(xii).
The Shares, the Warrant -------------------------------------- Shares, and the Series C Preferred Shares required to be authorized and reserved pursuant to the Company's certificate of incorporation, the Series B Designation and the Series C Designation shall have been duly authorized and reserved by the Company.
Other than the Class B Directors, except as otherwise provided by law, the certificate of incorporation, the Series A Designation, the Series B Designation and the Corporate Governance Agreement, any director or the entire board of directors may be removed, with or without cause, by the vote of a majority of all votes entitled to be cast in the election of directors by all holders of shares of capital stock of the corporation.
The Series B Designation shall have been filed with the Secretary of State of the State of Delaware.
Action without an annual or special meeting of stockholders may be taken in accordance with the provisions of the Certificate of Designation relating to the corporation's Series A Convertible Preferred Stock (the "Series A Designation") and the Certificate of Designation relating to the corporation's Series B Convertible Preferred Stock (the "Series B Designation").
Upon the Closing, each share of Series B Stock shall be convertible pursuant to the terms of the Series B Designation into 48.40271 shares of Common Stock.
Upon the occurrence of each adjustment or readjustment of the Series B Conversion Price pursuant to Section 4 of this Series B Designation, the Corporation, at its expense, shall promptly compute such adjustment or readjustment in accordance with the terms hereof and prepare and furnish to each holder of shares of Series B Preferred Stock a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based.
If Maker or shall have failed to have a Shelf Registration Statement filed and declared effective as provided under Section 5 of the Series B Designation.
The Payee is entitled to the benefits of that certain Investor Rights Agreement (as such term is defined in the Series B Designation), relating to registration of the Common Shares issuable upon any conversion of this Note, and such agreement is incorporated by reference into this Note.