Designation, Amount and Par Value definition

Designation, Amount and Par Value. The series of preferred stock shall be designated as Series C Convertible Preferred Stock and the number of shares so designated shall be up to one thousand four hundred (1,400) (which shall not be subject to increase without the written consent of all of the Holders of the Preferred Stock. Each share of Preferred Stock shall have a par value of $0.001 per share and a stated value of $1,200, subject to increase set forth in Section 3 and/or elsewhere in this Certificate of Designation below.
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Designation, Amount and Par Value. The class of preferred stock shall be designated as Class B Convertible Preferred Stock (the “Class B Preferred Stock”) and the number of shares so designated shall be up to ten thousand (10,000) (which shall not be subject to increase without the written consent of all of the Holders). Each share of Class B Preferred Stock shall have a par value of $0.01 per share and a stated value of $1,200, subject to increase set forth in Section 5 and/or elsewhere in this Certificate of Designation.
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Examples of Designation, Amount and Par Value in a sentence

  • The conversion price for the Preferred Stock shall equal 90% of the average closing price of the Common Stock over 10 days prior to conversion.Series C Designation, Amount and Par Value.

  • The series A has a voting privilege of 51% which remains in force as long there is still one share of the series issued as per the new designation certificate.Series B Designation, Amount and Par Value.

  • Designation, Amount and Par Value The Board of Directors hereby designates the following two series of preferred stock: "Series A Convertible Preferred Stock" and "Series B Convertible Preferred Stock" (collectively, the "Preferred Stock").

Related to Designation, Amount and Par Value

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Series Invested Amount means the Initial Invested Amount.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.