Convertible Preferred definition
Examples of Convertible Preferred in a sentence
The preceding sentence shall not be deemed to prevent the Company from designating the Preferred Stock as "Convertible Preferred Stock" in its annual and quarterly financial statements in accordance with its prior practice concerning other series of preferred stock of the Company.
Maker has, or before the first closing of the Anticipated Equity Financing hereunder will have, authorized the issuance and sale of a sufficient number of shares of Convertible Preferred Stock, par value $0.001 per share, and Common Stock of the Maker to fully implement the Recapitalization Plan, while maintaining such additional authorized but unissued shares as reasonably determined by Holder to be appropriate.
In connection with the undersigned's purchase on the date hereof of shares of the Company's Series C Convertible Preferred Stock, par value $.001 per share, the undersigned hereby agrees to become a party as of the date hereof to the Registration Rights Agreement as an "Investor" thereunder and that, as such, the undersigned shall be afforded all of the rights of and subject to all of the obligations of an Investor pursuant to the Registration Rights Agreement.
Buyer shall execute and deliver to Seller: (i) Convertible Preferred Shares in paragraph 1.02 of this Agreement in a form acceptable to Seller.
The Drag-Along Agreement, not as part of this Agreement, is to be presented separately to all Series A Convertible Preferred Investors.