Examples of Preferred Stock Issue Date in a sentence
If and whenever after the Series A Preferred Stock Issue Date the Corporation shall issue or sell any shares of its Common Stock for a price per share less than, under certain circumstances (including, without limitation, those circumstances described in paragraphs (i) through (vii) below), the Conversion Price in effect immediately prior to the time of such issue or sale, then immediately upon such issue or sale, the Conversion Price then in effect shall be reduced to such lower price per share.
Through and including the first Dividend Payment Date following the third anniversary of the Series A Preferred Stock Issue Date, dividends on the Series A Preferred Stock may be paid in cash or additional shares of Series A Preferred Stock at the sole discretion of the Board.
After the first Dividend Payment Date following the third anniversary of the Series A Preferred Stock Issue Date, dividends on the Series A Preferred Stock shall be paid by the Corporation in cash only.
Through and including the third anniversary of the Series A Preferred Stock Issue Date, the shares of Series A Preferred Stock may not be redeemed by the Corporation.
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