Additional Shares of Series C Preferred Stock definition

Additional Shares of Series C Preferred Stock means all shares of Series C Preferred Stock issued by the Company after the Issue Date, other than Warrant Stock.

Examples of Additional Shares of Series C Preferred Stock in a sentence

• In the event that fewer than all shares of Series C Preferred Stock are redeemed, except as expressly provided herein, the Corporation may elect whether to redeem shares of Series C Preferred Stock generally, only Additional Shares of Series C Preferred Stock or any combination thereof.

• Certificates for Additional Shares of Series C Preferred Stock shall bear a legend identifying such shares as Additional Shares of Series C Preferred Stock.

• After the Series C Initial Issuance Date (as defined below), the Corporation shall not issue any shares of Series C Preferred Stock other than shares which comprise Additional Shares of Series C Preferred Stock (as defined below).

• Except as expressly set forth in Section 2(b) of this Article IV, shares of Additional Shares of Series C Preferred Stock are identical in all respects to shares of Series C Preferred Stock and shall be treated alike.

• Notwithstanding any of the other provisions of this Section 2(a) of this Article IV, the Corporation shall not be required to pay dividends on shares of Series C Preferred Stock in Additional Shares of Series C Preferred Stock to the extent such payment is prohibited by the then applicable corporation law of the State of Delaware.

• If, at any time after the Series C Initial Issuance Date, the Corporation is not 9 10 required to pay cash dividends pursuant to Section 2(a)(7) of this Article IV, then the Corporation shall instead issue Additional Shares of Series C Preferred Stock as set forth in clause (y) of the preceding sentence.

• Any such redemption of Additional Shares of Series C Preferred Stock or other Series C Preferred Stock shall be made pro rata among Additional Shares of Series C Preferred Stock or other Series C Preferred Stock, as the case may be.

• Whenever shares of Series C Preferred Stock (including Additional Shares of Series C Preferred Stock) are to be redeemed pursuant to this Section (2)(b) of this Article IV, a notice of such redemption shall be mailed, by first class mail, postage prepaid, or delivered to each holder of the shares to be redeemed at such holder's address as the same appears on the stock transfer books of the Corporation.