Series A Preferred Stock Issue Date definition

Series A Preferred Stock Issue Date means the date of the initial Closing (as defined therein) under the Securities Purchase Agreement.

Series A Preferred Stock Issue Date means the date on which the Series A Preferred Stock was originally issued by the Company to the Initial Holders under these Articles of Designation.

Series A Preferred Stock Issue Date means the date on which the Series A Preferred Stock is originally issued by the Corporation.

Examples of Series A Preferred Stock Issue Date in a sentence

• If and whenever after the Series A Preferred Stock Issue Date the Corporation shall issue or sell any shares of its Common Stock for a price per share less than, under certain circumstances (including, without limitation, those circumstances described in paragraphs (i) through (vii) below), the Conversion Price in effect immediately prior to the time of such issue or sale, then immediately upon such issue or sale, the Conversion Price then in effect shall be reduced to such lower price per share.

• Through and including the first Dividend Payment Date following the third anniversary of the Series A Preferred Stock Issue Date, dividends on the Series A Preferred Stock may be paid in cash or additional shares of Series A Preferred Stock at the sole discretion of the Board.

• After the first Dividend Payment Date following the third anniversary of the Series A Preferred Stock Issue Date, dividends on the Series A Preferred Stock shall be paid by the Corporation in cash only.

• Through and including the third anniversary of the Series A Preferred Stock Issue Date, the shares of Series A Preferred Stock may not be redeemed by the Corporation.

• All accrued but unpaid dividends shall be payable immediately prior to conversion, either in cash or, at the option of the Corporation if such conversion occurs prior to the third anniversary of the Series A Preferred Stock Issue Date, in additional shares of Series A Preferred Stock.

• Dividends on the Series A Preferred Stock shall be calculated on the basis of a 360-day year, consisting of twelve (12), thirty (30) calendar day periods, and shall accrue daily commencing on the Series A Preferred Stock Issue Date, and shall be deemed to accrue from such date whether or not earned or declared and whether or not there are profits, surplus or other funds of the Company legally available for the payment of dividends.

• Dividends on the Series A Preferred Stock shall be calculated on the basis of a 360-day year, consisting of twelve (12), thirty(30) calendar day periods, and shall accrue daily commencing on the Series A Preferred Stock Issue Date, and shall be deemed to accrue from such date whether or not earned or declared and whether or not there are profits, surplus or other funds of the Company legally available for the payment of dividends.

• Accrued dividends with respect to all shares converted pursuant to Section 7(b) hereof shall be paid in full on the Conversion Date out of funds legally available therefor or, at the option of the Corporation if such conversion occurs prior to the third anniversary of the Series A Preferred Stock Issue Date, in additional shares of Series A Preferred Stock.

• The rights granted pursuant to Section 6(b)(i)-(iv) (if the four individuals described in Section 6(b)(i) hereof have not already been appointed by the Board on or prior to the Series A Preferred Stock Issue Date) may be exercised by written consent of the holders of Series A Preferred Stock, at a special meeting of the holders of Series A Preferred Stock, called as provided for in Section 6(c), or at any annual meeting of stockholders held for the purpose of electing directors.

More Definitions of Series A Preferred Stock Issue Date

Series A Preferred Stock Issue Date means the date on which the Series A Preferred Stock is originally issued by the Company under this Certificate of Designation.