Examples of Series F-1 Preferred Stock in a sentence
In order for the shares of Series F-1 Preferred Stock to convert in an Automatic Conversion Event, the Corporation shall have received the consent of the holders of at least a majority of the then outstanding shares of Series F-1 Preferred Stock.
If such Additional Payments are insufficient to permit payment in full of the Additional Preference, such Additional Preference shall be paid prior and in preference to any distribution of any assets or any such consideration under Sections 2(a)(i), (ii), (iii) and (iv) above and Section 2(b) below, until the entire Additional Preference is paid to each holder of Series F-1 Preferred Stock.
Notwithstanding the foregoing, the Conversion Price of the Series F-1 Preferred Stock shall not be reduced at such time if the amount of such reduction would be less than $0.001, but any such amount shall be carried forward, and a reduction will be made with respect to such amount at the time of, and together with, any subsequent reduction which, together with such amount and any other amounts so carried forward, equal $0.001 or more in the aggregate.
The initial “Conversion Price” per share shall be $0.959 for the Series A-1 Preferred Stock, $1.057 for the Series B-1 Preferred Stock, $1.057 for the Series C-1 Preferred Stock, $1.10 for the Series D-1 Preferred Stock, $1.30 for the Series E-1 Preferred Stock, $1.32 for the Series F-1 Preferred Stock and $1.32 for the Series G-1 Preferred Stock.
The shares of the Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C-1 Preferred Stock, Series C-2 Preferred Stock, Series C-3 Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F-1 Preferred Stock shall not be redeemable at the election of the Corporation at any time except pursuant to the terms of an agreement between the Corporation and the holder or holders of any of such shares.
A vacancy in any directorship elected by the holders of the Series B Preferred Stock or Series F and Series F-1 Preferred Stock shall be filled only by vote or written consent in lieu of a meeting of the holders of the series of Preferred Stock which elected such director.
Each share of SeriesF-1 Preferred Stock and Series F Preferred Stock shall automatically be converted into shares of Common Stock at the then effective Conversion Price upon the earlier to occur of: (i) the date specified by written consent or agreement of holders of a majority of the outstanding shares of Series F-1 Preferred Stock and Series F Preferred Stock, voting together on an as-converted to Common Stock basis; or (ii) immediately upon the closing of a Qualified Public Offering.
The initial Conversion Price of the Series H Preferred Stock, Series G Preferred Stock, Series F-1 Preferred Stock and Series A-1 Preferred Stock shall initially be the Original Issue Price per share for such series of Preferred Stock.
The sixth series of Preferred Stock shall be designated "Series F-1 Preferred Stock" and shall consist of Three Hundred Ninety-Four Million Six Hundred Seventy Thousand Nine Hundred Fifty-Two (394,670,952) shares.
Two members of the Board of Directors of the Corporation shall be elected by the holders of record of the Series F and Series F-1 Preferred Stock, voting together as a separate class (each a "Series F Designee").