Examples of Company Convertible Preferred Stock in a sentence
As of the effective date of the merger, each share of Company Convertible Preferred Stock received in exchange for Corporation X Preferred Stock will be convertible into r shares of Company common stock and will have the same voting rights as r shares of Company common stock.
Prior to or simultaneously with the Effective Time, the Company shall have converted or caused to have been converted all of the issued and outstanding shares of Company Convertible Preferred Stock (excluding the Series A Convertible Preferred Stock) and shall have paid to the holders of such shares any and all accrued and unpaid dividends, and the shares of Company Convertible Preferred Stock shall have been canceled by the Company.
As of the effective date of the merger, each share of issued and outstanding Corporation X Convertible Preferred Stock (other than those with respect to which appraisal rights have been exercised) will be converted into the right to receive one share of a newly created series of Company Convertible Preferred Stock that will have substantially the same terms and conditions as the Corporation X Convertible Preferred Stock.
At any time during the five (5) day period following receipt of such notice, each Investor shall have the right to elect to redeem or resell its Redemption/ASR Amount of Company Convertible Preferred Stock at the Redemption/ASR Price and upon the terms and conditions set forth in the notice.
In the event of a proposed redemption or accelerated share repurchase of Company Common Stock by the Company or its Subsidiaries (for the avoidance of doubt, excluding an Open-Market Repurchase), notwithstanding the Transfer restrictions set forth in Section 2.1, each Investor shall hold a right of first refusal to cause the Company or its Subsidiaries to redeem or repurchase shares of Company Convertible Preferred Stock that such Investor holds up to its Redemption/ASR Amount.