Examples of Series A Convertible Preferred Stock in a sentence
If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A Convertible Preferred Stock.
The total number of shares of the capital stock which the Corporation has authority to issue is one hundred million (100,000,000) shares, divided into fifty million (50,000,000) shares of common stock with no par value per share (the "Common Stock"), and fifty million (50,000,000) shares of Series A Convertible Preferred Stock with a par value of $100 per share (hereinafter sometimes referred to as the "Series A Convertible Preferred Stock" or the "Preferred Stock").
No fractional shares of Common Stock or scrip shall be issued upon conversion of shares of Series A Convertible Preferred Stock.
No fractional shares of Common Stock shall be issued upon conversion of the Series A Convertible Preferred Stock.
The class of shares of Preferred Stock hereby classified shall be designated the "Series A Convertible Preferred Stock." The initial number of authorized shares of the Preferred Stock shall be fifty million (50,000,000).