Examples of Outstanding Preferred Share in a sentence
The terms of the Outstanding Preferred Shares entitle the holders thereof to vote together with holders of Avatech’s Common Stock, as a single class, on any matter submitted to holders of Avatech’s Common Stock, with each Outstanding Preferred Share entitled to one vote for each share of Common Stock into which such Outstanding Preferred Share is then convertible.
Subject to the other provisions of this Section 2.2, each Outstanding Preferred Share shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive the Preferred Stock Per Share Consideration.
The Corporation will have, as of each Valuation Date, Deposit Securities with maturities or tender dates not later than the day preceding the first respective Dividend Payment Dates (collectively, "Dividend Coverage Assets") for each Outstanding Preferred Share of each series that follow such Valuation Date and having a value of not less than the Dividend Coverage Amount (the "Minimum Liquidity Level").
As soon as practicable following the Effective Time, subject to the terms and conditions set forth in this Agreement, each outstanding Chameleon Note shall be paid in full from the Maximum Payment Value, with such payments to be made, with respect to each Chameleon Note, with a combination of cash, Buyer Notes and Buyer Preferred Stock in the same proportions as such different forms of consideration are to be paid in respect of each Outstanding Preferred Share pursuant to ss.2(d)(vi).
Such Equityholder acknowledges that the amount it will receive with respect to each Outstanding Preferred Share, Outstanding Common Share, Vested Option and interests in the Management Carveout Plan will be allocated as set forth in this Agreement, which amount is subject to reductions, adjustments, holdback and indemnification in accordance with the terms of this Agreement.
Until such Exchange Documents have been delivered, each Outstanding Common Share or Outstanding Preferred Share held by the Stockholders will be deemed from and after the Effective Time, for all purposes, to evidence only the right to receive, contingent upon such delivery, the amount in cash and the number of shares of Purchaser Common Stock as contemplated pursuant to Section 2.8.