Examples of Fully Diluted Outstanding Common Stock in a sentence
The Company's obligations under Article -------------------------- 3 shall terminate at such time as the Holder holds less than 50% of the Fully Diluted Outstanding Common Stock.
Holder shall have the absolute right to purchase that number of the Offered Securities (its "Pro Rata Fraction") as shall be equal to the number of Offered Securities multiplied by a fraction, the numerator of which shall be the number of shares of Fully Diluted Outstanding Common Stock then owned by Holder and the denominator of which shall be the aggregate number of shares of Fully Diluted Outstanding Common Stock.
Common Stock 31,000,000 5,784,750 2,215,250 Series A-l Preferred Stock 2,925,000 2,925,000 Series A Preferred Stock 8,322,500 8,300,000 22,500 Series B Preferred Stock 9,691,116 9,623,750 67,366 Total Preferred Stock 20,938,616 20,848,750 89,866 Total Fully Diluted Outstanding Common Stock: 28,938,616 shares As of the Grant Date and immediately thereafter, the authorized capital stock of the company shall be set forth in the above table.
No adjustment need be made under this Section 8.02 for securities issued (up to a maximum of 6% of the Fully Diluted Outstanding Common Stock) to the holders of the Required Institutional Debt.
If Company exercises its repurchase right pursuant to Section 14.2(b) hereof and at any time on or prior December 17, 1997, (i) 5% or more of Company's Fully Diluted Outstanding Common Stock is sold, transferred or otherwise disposed of, (ii) 5% or more of the capital stock of BCA Holdings, Inc.