Examples of Series A Preferred Holder in a sentence
In certain circumstances, dividends may be paid by check mailed to the registered address of the Series A Preferred Holder, unless, in any particular case, the Company elects to pay by wire transfer.
To the fullest extent permitted by applicable law, the Company, the Registrar, the Transfer Agent and the Paying Agent may deem and treat any Series A Preferred Holder as the true, lawful and absolute owner of the applicable Series A Preferred Shares for all purposes, and neither the Company nor the Registrar, the Transfer Agent or the Paying Agent shall be affected by any notice to the contrary.
The Company shall promptly update the Register of Members and issue and deliver at such office to such Series A Preferred Holder a certificate or certificates for the number of the Ordinary Shares to which such Series A Preferred Holder shall be entitled as aforesaid and a check payable to such Series A Preferred Holder in the amount of any cash amounts payable (if any) as the result of a conversion into fractional Ordinary Shares.
After the payment of the Series A Principal Preference Amount, each Series A Preferred Holder shall be entitled to receive the amount equal to the number of Series A Preferred Shares held by it× (IP × (0.12) ×N) (WHERE IP = Series A Issue Price, and N = the number of calendar days that have elapsed since the Series A Original Issue Date divided by 365 days until the date when the payment in this Subsections (a) and (b) are fully paid) (the “ Series A Interest Preference Amount”).
Prior and in preference to any distribution of any of the assets or surplus funds of the Company to the holders of the Ordinary Shares and any other Shareholders or any other class or series of shares by reason of their ownership of such shares, each Series A Preferred Holder shall be entitled to receive the amount equal to the Series A Issue Price × number of the Series A Preferred Shares held by such Series A Preferred Holder (the “ Series A Principal Preference Amount”).