Examples of Series A Exchangeable Preferred Stock in a sentence
Shares of Series A Exchangeable Preferred Stock which are exchanged for shares of Common Stock as provided herein shall not be reissued.
If more than one certificate evidencing shares of Series A Exchangeable Preferred Stock shall be surrendered for conversion at one time by the same holder, the number of full shares issuable upon conversion thereof shall be computed on the basis of the aggregate number of shares of Series A Exchangeable Preferred Stock so surrendered.
The Series A Exchangeable Preferred Stock shall be held and owned upon the express condition that the provisions of this Section 14 are exclusive with respect to the replacement of mutilated, destroyed, lost or stolen shares of Series A Preferred Stock and shall preclude any and all other rights and remedies notwithstanding any law or statue existing or hereafter enacted to the contrary with respect to the replacement of negotiable instruments or other securities without the surrender thereof.
If the holder of the Series A Exchangeable Preferred Stock called for redemption elects to exchange any of such shares then eligible for exchange, then such exchange shall take place on the Exchange Date specified by the holder, but in no event after the Redemption Date, in accordance with the terms of Section 5.
On or before the Redemption Date, each holder of the shares of Series A Exchangeable Preferred Stock to be redeemed shall surrender the required certificate or certificates representing such shares to the Corporation (or an affidavit of lost certificate in form and content reasonably satisfactory to the Corporation), in the manner and at the place designated in the Redemption Notice, and upon payment to the holder of the Redemption Price, each such surrendered certificate shall be cancelled and retired.
Notwithstanding the foregoing, the Corporation shall provide each holder of record of Series A Exchangeable Preferred Stock with timely notice of every meeting of stockholders of the Corporation and shall provide each holder with copies of all proxy materials distributed in connection therewith.
Such conversion shall be deemed to have been made as of the date of such surrender of the shares of Series A Exchangeable Preferred Stock to be converted, and the person or persons entitled to receive the Common Stock deliverable upon conversion of such Series A Exchangeable Preferred Stock shall be treated for all purposes as the record holder or holders of such Common Stock on such date.
The Set Price and the number of shares of Common Stock into which the Series A Exchangeable Preferred Stock shall be Exchangeable shall be adjusted for stock splits, stock dividends, combinations or other similar events.
The Corporation will at all times reserve and keep available out of its authorized Common Stock, solely for the purpose of issuance upon the exchange of Series A Exchangeable Preferred Stock as herein provided, such number of shares of Common Stock as shall then be issuable upon the exchange of all outstanding shares of Series A Exchangeable Preferred.
Upon any transfer of the Series A Exchangeable Preferred Stock in accordance with the provisions hereof, the Corporation shall register or cause the transfer agent to register such transfer on the Series A Exchangeable Preferred Stock register.