Examples of Buyer Series B Preferred Stock in a sentence
Pursuant to the Escrow Agreement, a copy of which is attached hereto as Exhibit 1.8, at Closing, Buyer shall also deliver or cause to be delivered to escrow number [_________] at ____________________, on behalf of the respective owners of Company Shares and in each of their respective names, certificates representing Buyer Series B Preferred Stock into which the Company Shares that such shareholders owns are to be converted as set forth on Schedule 1 attached hereto.
From and after the Effective Time, all certificates representing Buyer Common Stock, Buyer Series A Preferred Stock or Buyer Series B Preferred Stock, as the case may be, shall be deemed for all purposes to represent only the number of shares of capital stock of the Surviving Corporation into which such shares were converted in accordance with Sections 2.2(a)(iii), 2.2(a)(iv) or 2.2(a)(v), as applicable.
The Buyer Series B Preferred Stock to be issued to Contributor hereunder upon Closing, when delivered, shall be duly authorized and validly issued, fully paid and non-assessable, and issued in compliance with all applicable state and federal securities Laws and not subject to, and not issued in violation of, any options, warrants, calls, rights (including preemptive rights), the Organizational Documents, commitments or agreements to which Buyer is a party or by which it is bound.
Of such authorized capital stock, 60,609,441 shares of Buyer Common Stock, 2,800,000 shares of Buyer Series A Preferred Stock and 3,600,000 shares of Buyer Series B Preferred Stock are issued and outstanding.
All outstanding shares of Buyer Common Stock, Buyer Series A Preferred Stock and Buyer Series B Preferred Stock have been duly authorized, validly issued, fully paid and are nonassessable and free of any liens or encumbrances other than any liens or encumbrances created by or imposed upon the holders thereof.
SAFETY CONSIDERATIONS: • Among other projects, the Electric Program Investment Charge Program funds projects that improve electricity reliability and public safety, especially in the area of wildfire risk reduction or mitigation.
All issued and outstanding shares of Buyer Series B Preferred Stock and Buyer Common Stock have been duly authorized and validly issued, are fully paid and nonassessable, are not subject to any right of rescission, and have been offered, issued, sold and delivered by Buyer in compliance with all registration, or qualification requirements (or applicable exemptions therefrom) of applicable federal and state securities laws.
The authorized capital stock of Buyer consists of 200,000,000 shares of Buyer Common Stock and 10,000,000 shares of preferred stock, par value $0.01 per share, of Buyer, consisting of 2,500,000 shares of Buyer Series A-1 Preferred Stock, 2,000,000 shares of Buyer Series B Preferred Stock and 5,500,000 shares of Buyer Series C Preferred Stock.