Authorized Number. The authorized number of directors on the Company's Board of Directors (the "Board") shall initially be established at nine (9) directors;
Authorized Number. The number of shares constituting the 6% Senior Preferred Stock shall be 6,000,000 shares.
Authorized Number. The number of Common Shares shall be 5,000,000. The number of Series A Preferred Shares shall be 3,000,000.
Authorized Number. Subject to this Agreement and this Statement of Designations, the authorized number of Shares shall be established from time to time by the Board of Managers.
Authorized Number. The number of shares constituting the Series B Stock shall be one million (1,000,000). The number of authorized shares of Series B Stock may be reduced by further resolution of the Board of Directors of the Company and by the filing of a certificate pursuant to the provisions of the Section 151(g) of the General Corporation Law of the State of Delaware stating that such reduction has been so authorized (but not below the number of shares of Series B Stock then outstanding) but the number of authorized shares of Series B Stock shall not be increased.
Authorized Number. Subject to the Memorandum and the Articles and this Statement of Designations, the designation of Shares and the issue of Shares within each class or series of Shares shall be determined from time to time by the Board of Directors.
Authorized Number. The authorized number of shares of Series A Preferred shall be 1,000,000.
Authorized Number. The authorized number of all series of preferred stock of the Company shall be 21,000,000.
Authorized Number. One million six hundred forty-seven thousand and fifty nine (1,647,059) of the authorized shares of Preferred Stock are hereby designated "Series A Non-Voting Convertible Preferred Stock."
Authorized Number. The number of shares constituting the Preferred Stock shall be 5,000,000 shares. The rights, preferences, restrictions and other matters relating to the Preferred Stock set forth below are subject to the issuance of any subsequent series of preferred stock. The Board of Directors of the Corporation (the "BOARD OF DIRECTORS") is also authorized to decrease the number of shares of any series of preferred stock prior or subsequent to the issue of that series, but not below the number of shares of such series then outstanding. In case the number of shares of any series shall be so decreased, the shares constituting such decrease shall resume the status which they had prior to the adoption of the resolution originally fixing the number of shares of such series.
