Examples of Series A Preference Price in a sentence
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At the sixth anniversary date of the date of issuance of the Notes and Series A Preferred Stock (the “Redemption Date”), the holders of Series A Preferred Stock may cause the Company to redeem their Series A Preferred Stock, in whole or in part, at the Series A Preference Price (subject to adjustment for any Recapitalizations) (plus any accrued and unpaid dividends).
Each issued and outstanding share of Series A Preferred Stock shall be convertible into such number of shares of Series B Preferred Stock as is determined by dividing the Series A Preference Price, plus any and all accrued and unpaid dividends, by $5 (the “Conversion Rate”).
From and after the Series A Redemption Date (Holder), each share of Series A Preferred Stock redeemed pursuant to this Section 7 shall no longer be deemed to be outstanding and all rights in respect of such share of Series A Preferred Stock shall cease, except for the right to receive the Series A Preference Price.
The Series A Preference Price, the Series B Preference Price, the Series B Liquidation Amount and the Series CC Preference Price shall each be Appropriately Adjusted.
The per share redemption price of the Series A Preferred Stock (the “Per Share Redemption Price”) for all redemption rights provided for in this Section 5(a) shall be the Series A Preference Price (as may be adjusted from time to time) in effect as of the date of the applicable Holder Notice (as defined in Section 5(b), below).
Upon the Series A Redemption Date (Corporation), the Corporation shall pay the Series A Preference Price to the holders of all (but not less than all) of the outstanding shares of Series A Preferred Stock.
Upon the Series A Redemption Date (Holder), the Corporation shall, except to the extent prohibited by Delaware law governing distributions to stockholders, pay the Series A Preference Price to the holders of outstanding shares of Series A Preferred Stock delivering a written notice and certificate or certificates pursuant to Section 7(b).
From and after the Series A Redemption Date (Corporation), each share of Series A Preferred Stock redeemed pursuant to this Section 8 shall no longer be deemed to be outstanding and all rights in respect of such share of Series A Preferred Stock shall cease, except for the right to receive the Series A Preference Price.
The holders of Series A Preferred Stock shall be entitled to receive, when, as and if declared, out of the net profits of the Corporation, dividends at the annual per share rate of eight percent (8%) of (i) the Series A Preference Price (as defined in Section 3(a)) (as adjusted for stock splits, stock dividends, stock combinations and other similar events), minus (ii) the amount of any accrued but unpaid dividends included in the Series A Preference Price.