Series C Designation definition
Examples of Series C Designation in a sentence
Subject to the waiver by Golden Post Rail, LLC of its pre-emptive rights under the Series C Designation, upon payment of the Purchase Price and issuance of the Shares, the Shares will be duly authorized, validly issued, fully paid, non-assessable and free of pre-emptive rights.
So long as the provisions of (I) Section 9(b)(i) hereof entitle the holders of Series G Preferred Stock to designate the Series G Designee (as defined below) or (II) Section 9(b)(i) of the Series C Designation entitle the holders of Series C Preferred Stock to designate the Series C Designee (as defined in the Series C Designation), the holders of Series G Preferred Stock shall not be entitled to vote as to the election of other directors of the Corporation.
The Series C Preferred Shares issuable in exchange for the Common Shares issued pursuant to this Agreement have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of this Agreement and the Series C Designation, will be duly and validly issued, fully paid, non-assessable and free and clear of all liens and encumbrances (other than restrictions on transfer under applicable federal and state securities laws).
The Common Shares issuable upon conversion of Series C Preferred Shares issued pursuant to this Agreement have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of this Agreement and the Series C Designation, will be duly and validly issued, fully paid, non-assessable and free and clear of all liens and encumbrances (other than restrictions on transfer under applicable federal and state securities laws).
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.