Examples of Future Preferred Stock in a sentence
All shares of each series of Originally Issued Future Preferred Stock upon such respective series’ original issue date and as of each Representation Date will be duly authorized and validly issued and will be fully paid and non-assessable.
Until such time as a holder of shares of Series D Preferred Stock shall surrender his or its certificates therefore as provided above, such certificates shall be deemed to represent the shares of Alternative Equity Financing Stock or Future Preferred Stock, as applicable, to which such holder shall be entitled upon the surrender thereof.
No shares of any series of Originally Issued Future Preferred Stock will be issued in violation of the preemptive or other similar rights of any securityholder of the Company.
At no time should students block doors or gates into the building or campus by gathering in groups at these doors or gates.
On January 23, 2002 (the "Mandatory Conversion Date"), each outstanding share of Series D Preferred Stock, shall be converted into such number of fully paid and nonassessable shares of Future Preferred Stock as is determined by dividing the Series D Total Value by the lessor of (i) $250.00 and (ii) the fair market value of a share of Future Preferred Stock.
The Future Preferred Stock Articles for each series of Future Preferred Stock as of the original issue date of each respective series and as of each Representation Date will comply with all applicable provisions of the 1940 Act and as of such dates will be in full force and effect.
This may result in hours or pay being reinstated, or redundancy pay being paid.
Until such time as a holder of shares of Series D Preferred Stock shall surrender his or its certificates therefore as provided above, such certificates shall be deemed to represent the shares of Qualified Equity Financing Stock or Future Preferred Stock, as applicable, to which such holder shall be entitled upon the surrender thereof.
Very truly yours, By [Xxxx Xxxxx] [Managing Director - Syndicate] CONFIRMED: ______________________, 20___ 47166115.8 (CUSTOMER NAME) By: Name: (Print Name) Title: 47166115.8 EXHIBIT F Form of Agent Joinder Letter [Date] [Name and Address of Agent] Re: [Priority Income Fund Series D, F, G, H, I, J, K, L, KB, KC, KD and [Future Preferred Stock series] [Term]/[Cumulative] Preferred Stock (the “Preferred Stock”)][Issuance of [$]_________________Preferred Stock by Priority Income Fund, Inc.
Upon either the consummation of a Qualified Equity Financing, or following the Mandatory Conversion Date, upon the determination of the fair market value of a share of Future Preferred Stock, the holder of any outstanding shares of Series D Preferred Stock shall surrender to the Company or any transfer agent of the Company the certificate or certificates for such shares.