Number of Preferred Shares Sample Clauses

Number of Preferred Shares. The Corporation is authorized to issue one million (1,000,000) registered preferred shares, each with a par value of one United States cent (US$0.01) (the “Preferred Shares”). In these Amended and Restated Articles of Incorporation, unless specifically stated otherwise herein, the term “shares” means the Common Shares and the Preferred Shares, and the term “shareholders” means the holders of the Common Shares and the Preferred Shares.
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Number of Preferred Shares. The number of Preferred Shares to be issued to each Investor upon Conversion pursuant to this Article IV shall be determined pursuant to the following formula: PS = (AV x CP) / PV where, for purposes of this Article IV:
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Number of Preferred Shares. 21 Section 6.4. Issuance of Preferred Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Section 6.5. Elimination of Designated Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
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Number of Preferred Shares. 1. Xxxxxxx X. Xxxxxxxx and Xxxx X. Xxxxxxxx, Trustees under Revocable Trust Agreement dated Match 17, 1991, as Amended, FBO Xxxxxxx X. Xxxxxxxx and Xxxx X. Xxxxxxxx 625 2. Xxxxxx X. Xxxxxxxx and Xxxxxxx X. Xxxxxxxx, Trustees under Revocable Trust Agreement dated January 27, 1981, as Amended, FBO Xxxxxx X. Xxxxxxxx and Xxxxxxx X. Xxxxxxxx 625 3. Xxxxxx X. Xxxxxxxx, Trustee of the Xxxxx Xxxxxxx Xxxxxxxx 1979 Trust, Part A, FBO Xxxxxxx X. Xxxxxxxx, UTA October 4, 1979, as amended 154 4. Xxxxxxx X. Xxxxxxxx, Trustee of the Xxxxx Xxxxxxx Xxxxxxxx 1979 Trust, Part A, FBO Xxxxxx X. Xxxxxxxx, UTA October 4, 1979, as amended 154 Total 1,250 308
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Number of Preferred Shares. 19 Section 5.4. Issuance of Preferred Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 5.5. Reduction of Designated Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 5.6. Investors' Cash Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 5.7. Payment of Cash Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
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Number of Preferred Shares. 33.85 (subject to adjustment for any reverse split or other adjustment that may be effected for the purpose of meeting the initial listing requirements of the Nasdaq Capital Market) Aggregate Subscription Amount: $ 220,025 Price Per Share: $3.25 per Common Share/$3,250 per Preferred Share (subject to adjustment for any reverse split or other adjustment that may be effected for the purpose of meeting the initial listing requirements of the Nasdaq Capital Market) You must pay the Subscription Amount by wire transfer of United States dollars in immediately available funds to the account specified by the Company in the Closing Notice. To the extent the offering is oversubscribed, the number of Shares received may be less than the number of Shares subscribed for, in which case the excess payment representing the undersigned’s unfulfilled number of Shares shall be promptly returned to the undersigned in accordance with Section 1 of this Agreement.
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Number of Preferred Shares. The number of Purchased Preferred Shares to be issued and sold to each Purchaser is set forth opposite such Purchaser’s name on Schedule 2.1.
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Number of Preferred Shares. (1) Name of Subscriber (Please Print or Type) Name of person exercising investment discretion for Subscriber (trustee or fiduciary, etc.)
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Number of Preferred Shares. Total purchase price: $ Exact Name(s) in which ownership of Shares is to be registered: Address: City, State, Zip Code: Phone # ( ) Email Subscriber Joint Subscriber: (if necessary) (Print Name) (Print Name) (Signature) (Signature) SSN/ Tax ID # SSN/ Tax ID # Date: Date: RECEIVED AND ACCEPTED BY: Date: (Signature) CERTIFICATE OF ACCREDITED INVESTOR STATUS Except as may be indicated by the undersigned below, the undersigned is an “accredited investor,” as that term is defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”). The undersigned has checked the box below indicating the basis on which he is representing his status as an “accredited investor”:
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Related to Number of Preferred Shares

  • Transfer of Preferred Shares Subject to compliance with applicable securities laws, Treasury shall be permitted to transfer, sell, assign or otherwise dispose of (“Transfer”) all or a portion of the Preferred Shares at any time, and the Company shall take all steps as may be reasonably requested by Treasury to facilitate the Transfer of the Preferred Shares, including without limitation, as set forth in Section 4.4, provided that Treasury shall not Transfer any Preferred Shares if such transfer would require the Company to be subject to the periodic reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) and the Company was not already subject to such requirements. In furtherance of the foregoing, the Company shall provide reasonable cooperation to facilitate any Transfers of the Preferred Shares, including, as is reasonable under the circumstances, by furnishing such information concerning the Company and its business as a proposed transferee may reasonably request and making management of the Company reasonably available to respond to questions of a proposed transferee in accordance with customary practice, subject in all cases to the proposed transferee agreeing to a customary confidentiality agreement.

  • Conversion of Preferred Shares If, at any time, any of the Preferred Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Preferred Units equal to the number of Preferred Shares so converted shall automatically be converted into a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.

  • Preferred Shares The Preferred Shares have been duly and validly authorized, and, when issued and delivered pursuant to this Agreement, such Preferred Shares will be duly and validly issued and fully paid and non-assessable, will not be issued in violation of any preemptive rights, and will rank pari passu with or senior to all other series or classes of Preferred Stock, whether or not issued or outstanding, with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

  • Availability of Preferred Shares The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued Preferred Shares or any Preferred Shares held in its treasury, the number of Preferred Shares that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7. The Company covenants and agrees that it will take all such action as may be necessary to ensure that all Preferred Shares delivered upon exercise of Rights shall, at the time of delivery of the certificates for such Preferred Shares (subject to payment of the Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable shares. The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be payable in respect of the issuance or delivery of the Right Certificates or of any Preferred Shares upon the exercise of Rights. The Company shall not, however, be required to pay any transfer tax which may be payable in respect of any transfer or delivery of Right Certificates to a person other than, or the issuance or delivery of certificates or depositary receipts for the Preferred Shares in a name other than that of, the registered holder of the Right Certificate evidencing Rights surrendered for exercise or to issue or to deliver any certificates or depositary receipts for Preferred Shares upon the exercise of any Rights until any such tax shall have been paid (any such tax being payable by the holder of such Right Certificate at the time of surrender) or until it has been established to the Company's reasonable satisfaction that no such tax is due.

  • Series B Preferred Stock Section 1.2(d)......................... 5 Shares............................ Section 3.2(a).........................

  • Series C Preferred Stock The holders of outstanding shares of Series C Preferred Stock shall be entitled to receive dividends, when and as declared by the Board of Directors, out of any assets at the time legally available therefor, at the Dividend Rate specified for such shares of Preferred Stock payable in preference and priority to any declaration or payment of any distribution on Series A Preferred Stock, Series B Preferred Stock or Common Stock of the Corporation other than a dividend payable solely in Common Stock. No distributions shall be made with respect to the Series A Preferred Stock, Series B Preferred Stock or Common Stock during any fiscal year of the Corporation, other than dividends on the Common Stock payable solely in Common Stock, until all dividends at the applicable Dividend Rate on the Series C Preferred Stock have been declared and paid or set apart for payment to the holders of Series C Preferred Stock. The right to receive dividends on shares of Series C Preferred Stock shall not be cumulative, and no right to such dividends shall accrue to holders of Series C Preferred Stock by reason of the fact that dividends on said shares are not declared or paid in any year.

  • Conversion of Preferred Stock If the Class is a class and series of the Company’s convertible preferred stock, in the event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into common stock pursuant to the provisions of the Company’s Certificate of Incorporation, including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable for such number of shares of common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • Series A Preferred Stock On the Closing Date, each Subscriber shall purchase and the Company shall sell to each such Subscriber, the number of shares of Preferred Stock designated on such Subscriber’s signature page hereto for such Subscriber’s Purchase Price indicated thereon.

  • Availability of Shares of Preferred Stock (a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock or any shares of Preferred Stock held in its treasury, the number of shares of Preferred Stock that will be sufficient to permit the exercise in full of all outstanding Rights.

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