Preferred Price definition
Examples of Preferred Price in a sentence
At the closing, each Class A Member shall deliver to the Company such assignments and other documents as reasonably requested by the Company, and the Company shall deliver to each Class A Member the Preferred Price for the purchased Class A Units held by such Class A Member.
In addition, in the event any Class A Member fails to deliver the assignments reasonably requested by the Company as set forth herein, the Company may deliver the Preferred Price to such Class A Member and upon such delivery, execute and deliver, as the attorney in fact for such Class A Member, such required assignments.
The ▇▇▇▇▇▇ Children Trusts (as defined in Exhibit A) shall subscribe for, and the Company shall issue to the ▇▇▇▇▇▇ Children Trusts, the number of shares of Company Preferred Stock specified next to the name of the ▇▇▇▇▇▇ Children Trusts in Exhibit A, by paying to the Company an amount equal to the Per Share Preferred Price in cash per share multiplied by such number of shares in Exhibit ▇.
For the purposes of this Section 4 only, in the event that the Company proposes to offer or sell New Securities for a price per unit less than the Series A Preferred Price (as defined in the Restated LLC Agreement), each Founder shall be offered the same rights of first offer as afforded to each Investor in this Section 4.
Upon the surrender of each Preferred Certificate formerly representing Preferred Stock, together with a properly completed letter of transmittal, the Paying Agent shall pay the holder of such Preferred Certificate the Preferred Price Per Share multiplied by the number of shares of Preferred Stock formerly represented by each such Preferred Certificate, in exchange therefor, and each such Preferred Certificate shall forthwith be canceled.
Until so surrendered and exchanged, each such Preferred Certificate (other than Preferred Certificates representing Dissenting Shares) shall represent solely the right to receive the Preferred Price Per Share.
The Preferred Price Per Share and the Common Price Per Share will be adjusted as provided in the Company's Certificate of Incorporation in the event of a change in the number of outstanding shares of Preferred Stock or Common Stock from that set forth in the preceding sentence.
If, after the Effective Time, any such holder fails to perfect or withdraws or loses his right to appraisal, such Dissenting Shares shall thereupon be treated as if they had been converted as of the Effective Time into the right to receive the Preferred Price Per Share or the Common Price Per Share, as the case may be, if any, to which such holder is entitled, without interest or dividends thereon.
No interest shall be paid or accrue on the Preferred Price Per Share.
Following the Expiration Date, the Company further proposes to undertake the Preferred Offering, pursuant to which it shall sell Preferred Shares at the Preferred Price.