Convertible Preferred Stock definition

Convertible Preferred Stock has the meaning set forth in the recitals.

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Convertible Preferred Stock means, collectively, the Series A Preferred Stock, Series B Preferred Stock and the Series C Preferred Stock.

Convertible Preferred Stock has the meaning set forth in Section 3(a).

Examples of Convertible Preferred Stock in a sentence

• By: [●] Name: Title: The undersigned hereby elects to convert the number of shares of Series A Cumulative Convertible Preferred Stock, par value $0.0001 per share (the “Preferred Stock”), indicated below into shares of common stock, par value $0.0001 per share (the “Common Stock”), of [●], a Nevada corporation (the “Corporation”), according to the conditions hereof, as of the date written below.

• 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 Cumulative Convertible Preferred Stock.

• If the dividend rate per annum on the Mandatory Convertible Preferred Stock shall increase pursuant to the terms of the Certificate of Designations, then the Stated Distribution Rate shall increase by the same amount beginning on the same date as may be provided in the Certificate of Designations.

• If the Corporation redeems the Mandatory Convertible Preferred Stock, then the Company shall redeem the Series A Mandatory Convertible Preferred Mirror Units at a per-unit redemption price equal to per share Redemption Price (as defined in the Certificate of Designations) paid by the Corporation in connection with the redemption of the Mandatory Convertible Preferred Stock.

• If all or a portion of the Redemption Price paid by the Corporation in connection with the redemption of the Mandatory Convertible Preferred Stock is paid in shares of Class A Common Stock of the Corporation, the Manager shall cause the Company to pay the corresponding portion of the redemption price for the Series A Mandatory Convertible Preferred Mirror Units in Common Units.

More Definitions of Convertible Preferred Stock

Convertible Preferred Stock means the Company's Series A Preferred Stock and Series B Preferred Stock with a par value of $0.001 per share issued and outstanding from time to time.

Convertible Preferred Stock means the shares currently or hereafter existing of the Company’s Series A-1 Convertible Participating Preferred Stock, par value $0.001.

Convertible Preferred Stock means the Convertible Preferred Stock convertible into shares of Common Stock issued pursuant to the terms of the Stock Purchase Agreement.

Convertible Preferred Stock has the meaning assigned to it in the Recitals hereto.

Convertible Preferred Stock means all preferred stock of the Borrower that is convertible into a fixed number of shares of common stock of the Borrower at the option of the holder.

Convertible Preferred Stock means any securities convertible or exercisable or exchangeable into Common Stock of the Company, whether outstanding on the date hereof or thereafter issued.

Convertible Preferred Stock shall have the meaning assigned in the first recital of this Agreement.