Examples of Original Preferred Stock in a sentence
At the Closing, (i) the Purchaser shall deliver to, or as directed by the Company stock certificates representing the Original Preferred Stock and (ii) the Company shall deliver to the purchasers stock certificates, registered in the name of the Purchaser, representing the Exchange Preferred Stock.
Effective as of the Closing Date, all Original Preferred Stock owned by the Purchaser shall be canceled.
We plan to redeem some, if not all, the Series A Preferred Stock, some Series A+ Preferred Stock and some Original Preferred Stock, including some nominal conversions from our Key, in this Offering, and the remaining amount not yet redeemed, from proceeds of our Planned IPO/RPO, if at all.
We also plan to redeem some, if not all, of our Series A Preferred Stock, some of our Series A+ Preferred Stock, and some of our Original Preferred Stock in this Offering, and the remaining Series A Preferred Stock, Series A+ Preferred Stock and some Original Preferred Stock in the Planned IPO/RPO, if at all.
Such dividends shall be cumulative from the most recent date as to which dividends shall have been paid on the Original Preferred Stock or, if no dividends have been paid, from the Issue Date (whether or not in any dividend period or periods the Board of Directors shall have declared such dividends or there shall be funds of the Corporation legally available for the payment of such dividends) and shall accumulate on a day-to-day basis, whether or not earned or declared, from and after the Issue Date.
Each share of Original Preferred Stock shall be convertible into 1 share of the Exchange Preferred Stock.
The value of the tangible or intangible assets secured by the Original Preferred Stock, at the time of any liquidation, may be more valuable than the value of the assets secured by the Series REG A, therefore Prospective Shareholders of the Series REG A may receive less gross proceeds of the liquidations.
If, prior to April 1, 2016, less than all of the principal amount of the Amended 2010 Term Note is transferred to any Person, then the holder of this Warrant may transfer to such Person only Warrants for that number of shares of Preferred Stock equal to the product of (a) the number of shares of Original Preferred Stock times (b) a fraction, the numerator of which is the principal amount of the Amended 2010 Term Note transferred to such Person, and the denominator of which is $5,000,000.
The pre-offering assets securing the Original Preferred Stock may be more valuable than the assets securing the Series REG A in this Offering.All the intellectual and tangible property owned or developed by us with or from the proceeds of this Offering shall be deemed as collateral for the Series REG A, while all our pre-offering existing intellectual and tangible property serves as collateral for our Original Preferred Stock, Series A Preferred Stock, Series A+ and Series AA Preferred Stock.
Such Investor has the unrestricted power and authority to transfer such shares of Original Preferred Stock and such Original Warrants to the Company, free and clear of any and all Liens (other than those Liens under the Second Amended and Restated Stockholders' Agreement, dated as of February 1, 2002, by and among the Company and the other parties thereto, and under applicable securities laws).