Class of Stock definition

Class of Stock means at Bank’s option: (i) the Company’s Series B Preferred Stock, or (ii) Next Round Stock; provided that until the Next Round occurs, the Class of Stock shall be the Company’s Series B Preferred Stock.
Class of Stock means Next Round Stock; provided, however, that if the Next Round does not occur prior to March 31, 2013, then the “Class of Stock” shall be the Company’s then newly authorized Series E-1 Preferred Stock. Notwithstanding the foregoing: (i) in the event that the Company closes the Next Round after March 31, 2013 and the Next Round Price is lower than $3.00 per share, then the “Class of Stock” shall be Next Round Stock; and (ii) in the event the Company consummates an Acquisition or a liquidation, winding up or dissolution under its Certificate of Incorporation prior to the Next Round, the “Class of Stock” shall be Series E-1 Preferred Stock.
Class of Stock. As set forth in Paragraph A below Warrant Price: As set forth in Paragraph A below Issue Date: July 14, 2011

Examples of Class of Stock in a sentence

  • The Articles and this Certificate of Vote of Directors Establishing a Class of Stock shall not be amended in any manner which would materially alter or change the powers, preferences or special rights of the Series B Preferred Stock so as to affect them adversely (within the meaning of Section 77 of Chapter 156B of the Massachusetts General Laws) without the affirmative vote of the holders of two-thirds or more of the outstanding shares of Series B Preferred Stock, voting separately as a class.

  • If the Company at any time while this Warrant remains outstanding and unexpired shall split, subdivide or combine the Class of Stock for which this Warrant is then exercisable, the Warrant Price shall be proportionately decreased in the case of a split or subdivision or proportionately increased in the case of a combination.

  • Unless otherwise expressly provided in the Articles or a Certificate of Vote of Directors Establishing a Class of Stock relating to any other series of preferred stock of the Corporation, the Series B Preferred Stock shall rank junior to every other series of the Corporation's preferred stock previously or hereafter authorized, as to the payment of dividends and the distribution of assets on liquidation, dissolution or winding up and shall rank senior to the common stock.

  • The Articles and this Certificate of Vote of Directors Establishing a Class of Stock shall not be amended in any manner which would materially alter or change the powers, preferences or special rights of the Series A Preferred Stock so as to affect them adversely (within the meaning of Section 77 of Chapter 156B of the Massachusetts General Laws) without the affirmative vote of the holders of two-thirds or more of the outstanding shares of Series A Preferred Stock, voting separately as a class.

  • Unless otherwise provided in the Certificate of Incorporation or a Certificate of Vote of Directors Establishing a Class of Stock relating to a subsequently-designated series of preferred stock of the Corporation, the Series A Preferred Stock shall rank junior to any other series of the Corporation's preferred stock subsequently issued, as to the payment of dividends and the distribution of assets on liquidation, dissolution or winding up and shall rank senior to the common stock.


More Definitions of Class of Stock

Class of Stock means Next Round Stock; provided, however, that if an Acquisition (as defined in Section 1.6.1) occurs prior to the Next Round, the Class of Stock shall be Series D Preferred Stock.
Class of Stock. Common Initial Exercise Price: $27.21 Issue Date: September 1, 1998 Expiration Date: August 31, 2005 THIS WARRANT CERTIFIES THAT, pursuant to the provisions of that certain Investor Agreement dated as of June 24, 1998 and for other good and valuable consideration set forth in Article 4 of this Warrant, Den-Mat Corporation ("Holder") is entitled to purchase the number of fully paid and nonassessable shares of Common Stock (the "Shares") of the corporation (the "Company") at the price per Share (the "Warrant Price") all as set forth above and as adjusted pursuant to Article 2 of this Warrant, subject to the provisions and upon the terms and conditions set forth in this Warrant.
Class of Stock means any category of Stock having substantially the same rights, privileges, limitations and conditions which, at any particular time for any particular purpose, constitute a separate class of Stock within the Stock, as determined by the Council;
Class of Stock means (a) for the Initial Shares, the Company’s Series C-2 Preferred Stock, and (b) for the Second Tranche Shares (i) if the Qualifying Round has occurred at the time of the funding of the Second Growth Capital Advance, Next Round Stock, or (ii) if the Qualifying Round has not occurred at the time of the funding of the Second Growth Capital Advance, the Company’s Series C-2 Preferred Stock.
Class of Stock. Common Stock Issue Date: April 27, 2004 Expiration Date: April 27, 2007 THIS WARRANT TO PURCHASE COMMON STOCK is being issued pursuant to that certain Securities Purchase Agreement dated as of the date hereof (the "Purchase Agreement") between Invicta Group Inc., a Nevada corporation (the "Company") and Golden Gate Investors, Inc. ("Holder").
Class of Stock. Per Summary of Warrant Terms Agreement The terms and information set forth on this cover page are a part of the attached Loan and Security Agreement, dated as of the date first written above (this "Agreement"), entered into by and between Lighthouse Capital Partners, L.P. ("Lender") and the borrower ("Borrower") set forth above. The terms and conditions of the Loan Agreement agreed to between Lender and Borrower are as follows: THIS LOAN AND SECURITY AGREEMENT is entered into as of July 24, 1997, by and between LIGHTHOUSE CAPITAL PARTNERS II, L.P. ("Lender"), as lender and PORTAL INFORMATION NETWORK, INC., a California corporation ("Borrower").
Class of Stock. Common (subject to Section 1.9) Initial Exercise Price: $7.50 per share (subject to Section 1.9) Issue Date: May 31, 1999 Expiration Date: May 31, 2004 (Subject to Article 4.1) THIS WARRANT CERTIFIES THAT, in consideration of the payment of $1.00 and for other good and valuable consideration, IMPERIAL BANCORP or registered assignee ("Holder") is entitled to purchase the number of fully paid and nonassessable shares of the class of securities (the "Shares") of the corporation (the "Company") at the initial exercise price per Share (the "Warrant Price") all as set forth above and as adjusted pursuant to Article 2 of this Warrant, subject to the provisions and upon the terms and conditions set forth in this Warrant.