Examples of Series A Preferred Stockholder in a sentence
No fractional Conversion Securities shall be issued upon conversion of a share of Series A Preferred Stock and in lieu of any fractional Conversion Securities to which a Series A Preferred Stockholder would otherwise be entitled, the Corporation shall pay cash equal to such fraction multiplied by the applicable Conversion Price.
In the event that at any time fewer than all of the outstanding shares of Series A Preferred Stock are to be redeemed pursuant to Section 4.5(b)(i), the selection of the shares of Series A Preferred Stock to be redeemed shall be made pro rata in proportion to the Series A Preferred Stated Value of the shares of Series A Preferred Stock held by each Series A Preferred Stockholder.
The Series A Preferred Stockholder does not have any such intention.
In particular, the Series A Preferred Stockholder is aware that the Stock may not be sold pursuant to Rule 144 (“Rule 144”) or Rule 701 (collectively, the “Rules”) promulgated under the 1933 Act unless all of the conditions of the applicable Rules are met.
To the extent any Series A Preferred Stockholder has any rights under the Series A Convertible Preferred Stock and Warrant Purchase Agreement dated as of December 27, 2007 with respect to the Series A Preferred Stock, such rights shall hereafter apply mutatis mutandis with respect to the Series A-1 Preferred Stock.