Examples of Other Preferred Stock in a sentence
As used in this Agreement, any reference to stock of the Company "having voting powers" shall refer to Company Common Stock, Convertible Preferred Stock, Other Preferred Stock and any other stock of the Company having the power to vote in the election of directors of the Company, including without limitation any stock having such power only upon the occurrence of a default or any other extraordinary contingency.
The Parties acknowledge that this Agreement and the Other Preferred Stock Purchase Agreement do not constitute an agreement, arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting, or disposing of any equity securities of the Company.
A meeting for the removal of a director elected pursuant to this Section 10 and the filling of the vacancy created thereby shall be held upon notice given by the Secretary of the Corporation within 10 days after receipt of a request therefor, signed by the holders of not less than 25% of the outstanding shares of the 1988 Preferred Stock and Other Preferred Stock.
Such meeting shall be held upon notice given by the Secretary of the Corporation at the earliest practicable date after any such death or resignation and in any event within 10 days after receipt of a written request signed by the holders of record of at least 10% of the outstanding shares of 1988 Preferred Stock and Other Preferred Stock upon the notice required for annual meetings of shareholders.
Such additional directors shall be nominated by the holders of the 1988 Preferred Stock and the holders of Other Preferred Stock, if any, and shall be elected by a plurality of the votes cast.