Examples of Convertible Preferred Stock 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.
The Conversion Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of Common Stock, or of any securities or property, that may at the time be issued or delivered with respect to any Convertible Preferred Stock; and the Conversion Agent makes no representation with respect thereto.