Class F Preferred Stock definition
Examples of Class F Preferred Stock in a sentence
The Class F Preferred Stock has a liquidation preference over the other classes of Preferred Stock.
Immediately prior to the Closing, 4,855,333 shares of Common Stock, 1,507,500 shares of Class A Preferred Stock, 2,151,420 shares of Class B Preferred Stock, 3,188,889 shares of Class C Preferred Stock, 2,045,785 shares of Class D Preferred Stock and 1,024,351 shares of Class E Preferred Stock will be validly issued and outstanding, fully paid and nonassessable with no personal liability attaching to the ownership thereof and no shares of Class F Preferred Stock will have been issued.
Except for transfers to Family Members, the Company shall prohibit each of its officers and other members of the Company's management team who hold in excess of 100,000 shares on a fully diluted basis from transferring any shares of capital stock of the Company without the Company first obtaining the affirmative vote of at least a two-thirds majority of the holders of Class F Preferred Stock, provided such two-thirds majority must consist of at least two holders of Class F Preferred Stock.
The Class F Preferred Stock, when issued to the Purchasers pursuant to the terms of this Agreement and for the consideration set forth herein, will be validly issued and outstanding, fully paid and nonassessable with no personal liability attaching to the ownership thereof.
Each of Dain's, Think's and each Management Investor's obligation to purchase the Class F Preferred Stock at the Closing is subject to each of ▇▇▇▇▇▇ and the Forstmann Little Entities simultaneously consummating the Closing.