Examples of Series A Redeemable Preferred Stock in a sentence
For the avoidance of doubt, from and after the occurrence of the Termination Date, the Company shall have the right to commence and undertake preparations to commence a public offering of Units, Warrants, Series A Redeemable Preferred Stock, any other class or series of preferred stock of the Company or any securities that are similar to any of the foregoing.
This series of Preferred Stock shall be designated the "Series A Redeemable Preferred Stock" (the "Series A Preferred Stock").
The provisions of this Section 7(d) are solely for the benefit of Holders of Series A Redeemable Preferred Stock that constitute Textron Shares.
Beginning four years from the date of original issuance of the shares of Series A Redeemable Preferred Stock to be redeemed, the holder will have the right to require PAC REIT to redeem such shares of Series A Redeemable Preferred Stock at a redemption price equal to the Stated Value, less a 3% redemption fee, plus any accrued but unpaid dividends.
For the avoidance of doubt, the Series A Redeemable Preferred Stock, the Series B Redeemable Preferred Stock and the Series C Redeemable Preferred Stock shall constitute Parity Securities with respect to one another.
In addition, subject to restrictions, beginning on the date of original issuance and ending two years thereafter, we will redeem such shares of Series A Redeemable Preferred Stock of a holder who is a natural person upon his or her death at the written request of the holder’s estate at a cash redemption price equal to the Stated Value, plus accrued and unpaid dividends thereon through and including the date of redemption.
As of the date of this Agreement, the Company and the Investors are also entering into a Preferred Stock Purchase Agreement, as the same may be amended from time to time (the “Purchase Agreement”), pursuant to which the Company will sell, and the Investors will buy, 1,000,000 shares of Series A Redeemable Preferred Stock (the “Series A Shares”) and 1,000,000 shares of Series A-1 Convertible Preferred Stock (the “Series A-1 Shares” and, collectively with the Series A Shares, the “Preferred Shares”).
Any of the terms or provisions of the Series A Redeemable Preferred Stock set forth in this Certificate of Designation may be amended, modified or waived upon the written consent of the holder(s) of a majority of the issued and outstanding shares of Series A Redeemable Preferred Stock as of the date of the applicable amendment, modification or waiver.
After payment to the holders of Series A Redeemable Preferred Stock of the full amount upon Liquidation set forth in this Section 3, the holders of the Series A Redeemable Preferred Stock shall, as such, have no right or claim to any of the remaining assets of the Corporation.
If a holder of Series A Redeemable Preferred Stock or its estate (in the case of a holder's death) causes PAC REIT to redeem such shares of Series A Redeemable Preferred Stock, PAC REIT has the right, in its sole discretion, to pay the redemption price in cash or in equal value of our common stock, based on the volume weighted average price of PAC REIT's common stock for the 20 trading days prior to the redemption, in exchange for the Series A Redeemable Preferred Stock.