Examples of Series F Original Issue Price in a sentence
The Series F Preferred shall be convertible into that number of fully-paid and nonassessable shares of Common Stock that is equal to the Series F Original Issue Price divided by the applicable Series Preferred Conversion Price.
The “Series Preferred Conversion Price” with respect to all shares of Series Preferred other than Series F Preferred and Series E Preferred shall initially be $0.88, and with respect to the Series F Preferred and Series E Preferred shall initially be the Series F Original Issue Price and the Series E Original Issue Price, respectively, and in each case shall be subject to adjustment as provided herein.
Each share of Series F Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Series F Original Issue Price by the Series F Conversion Price (as defined below) in effect at the time of conversion.
The holders of Series F Preferred shall be entitled to be paid out of the assets of the Corporation an amount per share equal to the sum of four dollars ($4.00) (the "Series F Original Issue Price") (subject to adjustment for stock splits, stock dividends and recapitalizations) for each outstanding share of Series F Preferred plus an amount equal to all declared but unpaid dividends on such share to the date fixed for distribution (the "Series F Liquidation Preference").
Each share of Series F Preferred Stock shall have a stated value equal to the Series F Original Issue Price.
Notwithstanding anything to the contrary set forth in Subsections 2.1.2 through 2.1.6, if the amount distributable pursuant to Subsections 2.1.2 and 2.1.6 with respect to a Liquidity Event consummated prior to January 1, 2020 is less than 1.5 times the Series F Original Issue Price in the aggregate, then the Series F Liquidation Amount shall be increased to an amount equal to 1.5 times the Series F Original Issue Price minus any amounts distributable under this Subsection 2.1.6.
Dividends on any share of Series F Preferred Stock shall begin to accrue on a daily basis at a rate of ten percent (10%) of the Series F Original Issue Price per annum from the date on which the Corporation issues such share and shall be cumulative and compounded quarterly (such dividend, the “Series F Dividend”).
The aggregate number of Dividend Shares issuable in connection with the payment by the Corporation for the payment of the dividend on the Series F Preferred Stock under this paragraph as of any Dividend Payment Date shall be equal to: (1) the aggregate Accrued Dividend as of such Divided Payment Date; (2) divided by the Series F Original Issue Price.
Each share of Series F Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and non-assessable shares of Common Stock as is determined by dividing the Series F Original Issue Price by the Series F Conversion Price (as defined below) in effect at the time of conversion.
The conversion rate in effect at any time for conversion of the Series F Preferred (the "Series F Conversion Rate") shall be the quotient obtained by dividing the Series F Original Issue Price of the Series F Preferred by the "Series F Conversion Price," calculated as provided in Section 4(c).