Convertible Preferred definition
Examples of Convertible Preferred in a sentence
If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A Convertible Preferred Stock.
No fractional shares of Common Stock will be issued to holders of the Convertible Preferred Stock upon conversion.
Each share of Convertible Preferred Stock shall be identical in all respects to every other share of Convertible Preferred Stock.
The Company shall have the authority to issue fractional shares of Convertible Preferred Stock.
Shares of Convertible Preferred Stock duly converted in accordance with this Certificate of Designation, or otherwise reacquired by the Company, will resume the status of authorized and unissued preferred stock, undesignated as to series and available for future issuance.