Examples of Existing Series A Preferred Stock in a sentence
RESOLVED FURTHER: That all matters set forth in the Charter with respect to the Existing Series A Preferred Stock are eliminated from the Charter.
At such time, if at all, that the Reorganized Debtor shall have attained aggregate gross revenues for four consecutive fiscal quarters of not less than $10 million (the "Series A Preferred Revenue Precondition"), holders of Allowed Class 4A Equity Interests shall receive one (1) share of New Common Stock for every five (5) shares of Existing Series A Preferred Stock held as of the Effective Date.
Class 4A is comprised of all Allowed Equity Interests represented by the Existing Series A Preferred Stock issued and outstanding prior to the Effective Date.
In support of its petition, the Company presented the testimony of Michael J.
Except as provided by the DGCL or other applicable law or by the other provisions of the Certificate of Incorporation, holders of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock shall vote together with the holders of Common Stock as a single class on all matters.
Each holder of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock hereby waives the right, if any, of any such holder to seek an appraisal of his, her or its shares of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock pursuant to Section 262 of the DGCL.
The holders of record of the shares of Common Stock and of any other class or series of voting stock (including the Series C Preferred Stock, Series B Preferred Stock and the Existing Series A Preferred Stock), exclusively and voting together as a single class, shall be entitled to elect the balance of the total number of directors of the Corporation, if any.
The right to dividends on shares of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock shall not be cumulative, and no right shall accrue to holders of Series C Preferred Stock, Series B Preferred Stock or Existing Series A Preferred Stock by reason of the fact that dividends on said shares are not declared in any prior period.
In the event that the amount of dividends declared by the Board shall be insufficient to permit payment of the full aforesaid dividends, such dividends will be paid ratably to each holder of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock in proportion to the dividend amounts to which each holder of Series C Preferred Stock, Series B Preferred Stock and Existing Series A Preferred Stock is entitled.
As of the date of this Agreement, the Existing Series A Preferred Stock is deposited with the Depositary.