Examples of Series A-7 Preferred Stock in a sentence
Dividends, if declared and paid or set apart for payment, must be paid or set apart for payment on all shares of Series A-1 Preferred Stock, Series A-2 Preferred Stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock, Series A-5 Preferred Stock, Series A-6 Preferred Stock, Series A-7 Preferred Stock and all other series of Preferred Stock that rank equal to the foregoing series, contemporaneously.
All financial projections prepared by or on behalf of Borrower or Guarantor that have been or may hereafter be made available to Agent or any Lender were or will be prepared in good faith based on assumptions believed by management of Borrower to be reasonable.
For purposes hereof, references to Series A-5 Preferred Stock in this Section 5 shall include the Series A Preferred Stock, Series A-2 Preferred Stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock and any and all sub-series designated Series A-6 Preferred Stock, Series A-7 Preferred Stock and so on that may be authorized following the date hereof.
The shares of Series A-7 Preferred Stock held by any Non-Participating Holder shall not be transferable unless and until a legend covering the foregoing matters is affixed thereto.
Dividends, if declared and paid or set apart for payment, must be paid or set apart for payment on all shares of Series A-1 Preferred Stock, Series A-2 Preferred Stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock, Series A-5 Preferred Stock, Series A-6 Preferred Stock, Series A-7 Preferred Stock and all other series of Preferred Stock hereafter designated that ranks equal to the foregoing series, contemporaneously.
No right shall accrue to holders of shares of Series A-7 Preferred Stock by reason of the fact that dividends on said shares are not declared in any prior year, nor shall any undeclared or unpaid dividend bear or accrue interest.
The Conversion Price (the "Conversion Price") shall initially be equal to the Liquidation Value for such share of Series A-7 Preferred Stock, and thereafter shall be subject to adjustment as hereinafter provided.
The Corporation shall, at or prior to the --------------------- time of any conversion, take any and all action necessary to increase its authorized but unissued Class A Common Stock and to reserve and keep available out of its authorized but unissued Class A Common Stock, such number of shares of Class A Common Stock as shall, from time to time, be sufficient to effect conversion of the Series A-7 Preferred Stock.
The “Series A Original Issue Price” shall mean, $0.50, with respect to the Series A-1 Preferred Stock, $0.40, with respect to the Series A-2 Preferred Stock, $0.45, with respect to the Series A-3 Preferred Stock, $0.8055 with respect to the Series A-4 Preferred Stock, $0.8055 with respect to the Series A-5 Preferred Stock, $0.8055 with respect to the Series A-6 Preferred Stock or $0.8055 with respect to the Series A-7 Preferred Stock.
Each share of Series A-7 Preferred Stock shall be convertible at the option of the holder thereof at any time and without the payment of any additional consideration therefor into such number of fully-paid and nonassessable shares of Class A Common Stock as is determined by dividing the Liquidation Value for such share of Series A-7 Preferred Stock by the then effective Conversion Price for such Series A-7 Preferred Stock, as adjusted pursuant to this Section 6.