Examples of Senior Convertible Preferred Stock in a sentence
The number of shares of New Senior Convertible Preferred Stock available for purchase by a Rights Holder shall be rounded down to the nearest whole number.
In addition, the Reorganized Group Certificate of Incorporation shall include a provision (i) authorizing 25 million shares of New Preferred Stock, of which 4.5 million shares shall be designated New Senior Convertible Preferred Stock and 1.5 million shares shall be designated New Junior Preferred Stock, and (ii) authorizing 100 million shares of New Common Stock.
Descriptions of the terms of the New Senior Convertible Preferred Stock, the New Junior Preferred Stock, and the New Common Stock are set forth in Exhibit B annexed hereto.
No fractional shares of New Senior Convertible Preferred Stock or Cash in lieu thereof shall be issued or paid.
No fractional shares shall be issued upon conversion of Series A Senior Convertible Preferred Stock into Common Stock and no payment or adjustment shall be made upon any conversion on account of any cash dividends on the Common Stock issued upon such conversion.