Class B Convertible Preferred Stock definition

Class B Convertible Preferred Stock means Class B Convertible Preferred Stock, par value $0.0001 per share, of the Company.

Class B Convertible Preferred Stock means the Series B-1 Voting Convertible Preferred Stock together with the Series B-2 Non-Voting Convertible Preferred Stock.

Class B Convertible Preferred Stock. For the purpose of this Agreement, the term “Class B Convertible Preferred Stock” shall mean (I) the class of capital stock designated as Class B Convertible Preferred Stock in the Certificate of Designation filed by Puget with the Nevada Department of State, or (ii) any other class of stock resulting from successive changes or reclassifications of such capital stock consisting solely of changes in par value, or from par value to no par value, or from no par value to par value.

Examples of Class B Convertible Preferred Stock in a sentence

• CDSI received 8,250 shares of Dialog Class B Convertible Preferred Stock in exchange for its interest in TDMI.

• The Company has one class of Preferred Stock outstanding: Class B Convertible Preferred Stock (“Class B Stock”).

• No fractional shares of Common Stock or scrip shall be issued upon conversion of shares of Class B Convertible Preferred Stock.

• Upon receipt by the Company of evidence of the loss, theft, destruction or mutilation of a certificate or certificates ("Stock Certificates") representing shares of Class B Convertible Preferred Stock, and (in the case of loss, theft or destruction) of indemnity or security reasonably satisfactory to the Company, and upon surrender and cancellation of the Stock Certificate(s), if mutilated, the Company shall execute and deliver new Stock Certificate(s) of like tenor and date.

• Notwithstanding the foregoing, in the event that the certificates evidencing the Class B Convertible Preferred Stock delivered to the transfer agent as provided in Section 5(b), the redemption of the Class B Convertible Preferred Stock pursuant to this Section 6(a) shall still be deemed effective as of the Date of Redemption Upon Receipt of Notice of Conversion.

• Following conversion of shares of Class B Convertible Preferred Stock, such shares of Class B Convertible Preferred Stock will no longer be outstanding.

• Commencing 91 days after the last closing date, the Corporation shall have the right, in its sole discretion, to redeem, from time to time, any or all of the Class B Convertible Preferred Stock; provided that, the Corporation shall only be entitled to redeem shares of Class B Convertible Preferred Stock with an aggregate Stated Value (as defined below) of at least One Million Five Hundred Thousand Dollars ($1,500,000) on the first such redemption.

• Each share of Class B Convertible Preferred Stock outstanding on December 15, 1998 automatically shall be converted into Common Stock on such date at the Conversion Rate then in effect (calculated in accordance with the formula in Section 5(a) above) and December 15, 1998 shall be deemed the Date of Conversion with respect to such conversion.

• The Corporation shall at all times when any shares of Class B Preferred Convertible Stock shall be outstanding, reserve and keep available out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Class B Convertible Preferred Stock.

• Such Notice of Redemption Upon Receipt of Notice of Conversion shall indicate the number of shares of Holder's Class B Convertible Preferred Stock that have been selected for redemption, the Date of Redemption Upon Receipt of Notice of Conversion (as defined below) and the applicable Redemption Price Upon Receipt of Notice of Conversion, as defined below.

More Definitions of Class B Convertible Preferred Stock

Class B Convertible Preferred Stock is defined in Section 2.2(a).

Class B Convertible Preferred Stock means the Class B Convertible Preferred Stock issued pursuant to the Class B Subscription Agreement as designated pursuant to the Certificate of Rights and Preference of Class B Convertible Preferred Stock of Navarre Corporation.

Class B Convertible Preferred Stock means the Class B Convertible Preferred Stock of Carvana Co., the rights and preferences of which are set forth in any related Certificate of Designations.

Class B Convertible Preferred Stock means the Class B Convertible Preferred Stock of the Company, having no par value per share. “Class C Common Stock” means the Class C Common Stock of the Company, having no par value per share.

Class B Convertible Preferred Stock means the Company’s Class B Convertible Preferred Stock, $.001 par value, authorized in the filing of the Company’s Certificate of Incorporation, filed with the Delaware Secretary of State on March 12, 1992.

Class B Convertible Preferred Stock means the Class B Convertible Preferred Stock issued pursuant to the Class B Subscription Agreement as designated pursuant to the Certificate of Rights and Preference of Class B Convertible Preferred Stock of Navarre Corporation.