Series C Stock definition

Series C Stock means the Company’s Series C Convertible Preferred Stock, $0.001 par value per share, as presently constituted under the Charter, and any other class, series or other designation of security into or for which such Series C Convertible Preferred Stock is converted, substituted or exchanged pursuant to a reorganization, reclassification, recapitalization or similar transaction.
Series C Stock means the series of Preferred Stock authorized and designated as Series C Convertible Preferred Stock at the date of the Certificate, including any shares thereof authorized and designated after the date of the Certificate.

Examples of Series C Stock in a sentence

  • If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series C Stock, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

  • The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C Stock.

  • The determination as to whether or not any fractional shares are issuable shall be based upon the total number of shares of Series C Stock being converted at any one time by any holder thereof, not upon each share of Series C Stock being converted.

  • Upon a Conversion, the holder of Series C Stock shall surrender the applicable certificate or certificates therefore, duly endorsed, at the office of the Company or any transfer agent for the Series C Stock, and shall give written notice to the Company, of the Conversion and the number of shares of Series C Stock being converted.

  • Any fractional share of Common Stock resulting from the conversion of the Series C Stock shall be rounded up to the nearest whole share.


More Definitions of Series C Stock

Series C Stock means the Company's Series C Preferred Stock, par value $0.001 per share.
Series C Stock has the meaning ascribed thereto in the recitals above.
Series C Stock means Series C Preferred Stock, par value $0.001 per share, of the Company.
Series C Stock means all of the outstanding shares of the Series C Preferred Stock and the Series C1 Preferred Stock, together, at the time in question, which shares shall be PARI PASSU for all purposes except conversion price, and any new subseries of the Series C Preferred Stock created pursuant to Section 9 of the Series C Certificate of Designations.
Series C Stock means Series C Preferred Stock of the Company.
Series C Stock shall have the meaning assigned to such term in the recitals of this Agreement.
Series C Stock means the series of Preferred Stock authorized and designated as Series C Cumulative Redeemable Preferred Stock at the date of the Certificate, including any shares thereof authorized and designated after the date of the Certificate.