Examples of Additional Equity Securities in a sentence
If the Corporation issues a variable rate security, the Corporation shall be deemed to have issued Additional Equity Securities at the lowest possible conversion or exercise price at which such securities may be converted or exercised.
If any holder of Designated Preferred Stock exercises its pre-emptive right as set forth herein, the Corporation shall set the time for closing in connection with the purchase of such Additional Equity Securities by such holder(s), which closing shall be at the principal office of the Corporation and held within sixty (60) days after the Subscription Notice is first received by the Corporation, but not earlier than the date of closing, if any, set forth in the Pre-emptive Right Sale Notice.
Holders shall have the right to elect to purchase up to that portion of such Additional Equity Securities which equals the proportion that the number of shares of Designated Preferred Stock held by such holder bears to the total number of shares of Designated Preferred Stock then outstanding, as calculated by treating all Designated Preferred Stock on an as-converted to Common Stock basis.
Upon its receipt of the Pre-emptive Right Sale Notice, each holder of Designated Preferred Stock shall have fifteen (15) days after receipt of the Pre-emptive Right Sale Notice in which to notify the Corporation by delivering written notice (a “ Subscription Notice”) to the Corporation that such holder elects to purchase Additional Equity Securities upon the same terms and conditions set forth in the Pre-emptive Right Sale Notice.
The Company further agrees that any additional equity securities issued after approval of the Amendment which have a liquidation preference senior to the Series D Preferred Shares (the "Additional Equity Securities") shall be subject to a right of first refusal in favor of the Buyers (the "Right").