Examples of Company Convertible Preferred Stock in a sentence
The Stockholder’s Existing Shares are, and all of the Covered Shares owned by the Stockholder from the date hereof through and on the Operative Date will be, Beneficially Owned and owned of record by the Stockholder, except that, in the case of the Offer, the Company Convertible Preferred Stock will have been converted into Company Common Stock in accordance with the terms of this Agreement.
For the avoidance of doubt, until the Acceptance Date, the Shareholder shall retain all rights to any dividends payable on the Company Convertible Preferred Stock.
Those researchers who are more in favor of explicit WCF suggest that giving explicit WCF is more helpful because learners do not face any confusion when they try to correct their errors, while, other researchers who are in favor of implicit WCF believe that learners can try harder and correct the errors by themselves.
Until surrendered as contemplated by this Section 1.12(b), each certificate representing Shares, shares of Company Convertible Preferred Stock and shares of Radio Broadcasting Preferred Stock (other than certificates representing treasury Shares to be cancelled in accordance with Section 1.10(b)), shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration, without any interest thereon, as contemplated by Sections 1.10 and 1.11.
After the Effective Time, there shall be no further transfer on the records of the Company, Radio Broadcasting or their respective transfer agents of certificates representing Shares, shares of Company Convertible Preferred Stock or shares of Radio Broadcasting Preferred Stock and if such certificates are presented to the Company or Radio Broadcasting for transfer, they shall be cancelled against delivery of the Merger Consideration as hereinabove provided.