Examples of Mezzanine Preferred Stock in a sentence
Each member or partner receiving Series Mezzanine Preferred Stock shall execute and deliver the Right of First Refusal Agreement and Rights Agreement as an Investor.
The Company shall have filed with the --------------------------- Secretary of State of Delaware the Bridge Preferred Stock Certificate of Designations, the Mezzanine Preferred Stock Certificate of Designations and the Permanent Preferred Stock Certificate of Designations and such instruments shall have become effective.
Except as specifically provided in this paragraph 5, the Mezzanine Preferred Stock shall not be redeemable.
In the absence of any action by the Board of Directors, the chief executive officer, president, any vice president, the secretary or the treasurer of the Corporation may execute for and on behalf of the Corporation waivers of notice of meetings of stockholders and proxies for such meetings in any company in which the Corporation may hold voting securities.
Issuance of Mezzanine Preferred Stock In connection with the sale of securities contemplated by the December SPA, Charge issued 2,370,370 shares of Series C preferred stock to the December Investors as part of the securities purchase agreement at an aggregate purchase price of $6.7 million and warrants to purchase 2,370,370 shares of the Company’s common stock.
On any matter on which the holders of Mezzanine Preferred Stock are entitled by law or under the Certificate of Incorporation to vote separately as a class, each such holder shall be entitled to one vote for each share held, and such matter shall be determined by a majority of the votes cast unless the Delaware General Corporation Law or this Certificate of Designations requires approval by a higher percentage.
Any holder of shares of Mezzanine Preferred Stock then outstanding that would be entitled to vote at such meeting shall have access to the stock books of the Corporation for the purpose of causing a meeting of stockholders to be called pursuant to the provisions of this paragraph.
Upon the vesting of such right of the holders of Mezzanine Preferred Stock, the maximum authorized number of members of the Board of Directors shall automatically be increased by two and the two vacancies so created shall be filled by vote of the holders of outstanding Mezzanine Preferred Stock as hereinafter set forth.
If the aggregate number of shares of Mezzanine Preferred Stock shares tendered into such Repurchase Event Offer exceeds the number of shares of Mezzanine Preferred Stock equal to (x) the Repurchase Event Proceeds, divided by (y) the Liquidation Preference, the Corporation will select the shares of Mezzanine Preferred Stock to be repurchased on a pro rata basis, based on the number of shares of Mezzanine Preferred Stock held by each holder requesting repurchase of such shares.
Any holder of shares of Mezzanine Preferred Stock that has delivered to the Corporation a Cash Election Notice may subsequently deliver to the Corporation a notice (a "Revocation ---------- Notice") revoking such Cash Election Notice.