Examples of Series A Original Issuance Date in a sentence
For purposes of this Section 7(c)(iv), the expiration or termination of any Option or Convertible Security that was outstanding as of the Series A Original Issuance Date shall not cause the Series A Conversion Price hereunder to be adjusted unless, and only to the extent that, a change in the terms of such Option or Convertible Security caused it to be deemed to have been issued after the Series A Original Issuance Date.
Each share of Series A Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time after the second anniversary of the Series A Original Issuance Date, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Original Issuance Price by the Series A Conversion Price (as defined below) in effect at the time of conversion.
The initial Series A Conversion Price shall be the Original Series A Issue Price and upon conversion the holder of a Series A Preferred Share issued on the Series A Original Issuance Date shall be entitled to receive 1.1 Common Shares; provided, however, that the Series A Conversion Price, and the number of Common Shares issuable upon conversion of a Series A Preferred Share (“Conversion Shares”), shall be subject to adjustment as set forth in Section 5.05.4(d).
The new series of Preferred Stock authorized hereby shall be designated the "Series A Preferred Stock", and shall consist of 5,000 shares, $.001 par value; provided, however, that the Board of Directors may decrease (but not increase) the number of shares in such series subsequent to the date of original issuance of shares in such series (the "Series A Original Issuance Date"), but not below the number of shares of such series then outstanding.
The Corporation shall redeem, from any source of funds legally available therefor, all then outstanding shares of Series A Preferred Stock on the fifth (5th) anniversary (the "Mandatory Redemption Date") of the Series A Original Issuance Date.
For purposes of this Section 5(c)(iii), if the terms of any Option or Convertible Security that was outstanding as of the Series A Original Issuance Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon exercise, conversion or exchange thereof shall be deemed to have been issued as of the date of such change.
For purposes of this Certificate of Designations, the terms "Common Stock" and "Preferred Stock" shall have the meanings set forth in the Certificate of Incorporation in effect as of the Series A Original Issuance Date.
Commencing on or after the fourth anniversary date of the Series A Original Issuance Date (the "3rd Conversion Date") each issued and outstanding share of Series A Preferred not converted in to Common Stock prior to the 3rd Conversion Date may be converted into an equal number of shares of Common Stock.
For purposes of this Section 5(c)(iv), the expiration or termination of any Option or Convertible Security that was outstanding as of the Series A Original Issuance Date shall not cause the Conversion Price hereunder to be adjusted unless, and only to the extent that, a change in the terms of such Option or Convertible Security caused it to be deemed to have been issued after the Series A Original Issuance Date.