Series B-1 Certificate of Designation definition

Series B-1 Certificate of Designation means the Certificate of Designation of Preferences, Rights and Limitations of the Series B-1 Preferred Stock.

Series B-1 Certificate of Designation means that certain Certificate of Designation of Series B-1 12.75% Convertible Preferred Stock of the Corporation as filed with the Secretary of State of the State of Delaware.

Series B-1 Certificate of Designation means the Company’s Certificate of Designation of Series B-1 12.75% Convertible Preferred Stock.

Examples of Series B-1 Certificate of Designation in a sentence

• Voting RightsThe Series B-1 Shares have no voting rights, except with respect to certain protective provisions set forth in the Series B-1 Certificate of Designation relating to the powers, preferences and rights of such shares.

• ConversionEach Series B-1 Share will be convertible into 1,000 shares of the Company’s common stock at a conversion price of $10.50, subject to adjustment as provided in the Series B-1 Certificate of Designation.

• The Series B-1 Certificate of Designation and the Series B-2 Certificate of Designation also provide for partial liquidated damages in the event that we fail to timely convert shares of Series B-1 Preferred Stock or Series B-2 Preferred Stock, respectively, into common stock in accordance with the applicable Certificate of Designation.

• For the avoidance of doubt, any redemptions pursuant to this Section 7(h) shall be made in the same proportions of the outstanding “Stated Value” (as defined in the Series B-1 Certificate of Designation) of Series B-1 Preferred Stock and the outstanding Stated Value of Series B-2 Preferred Stock in accordance herewith.

• Moreover, the lack of a legal framework to protect patients and healthcare providers has led to the mismanagement of medico-legal issues resulting in the loss of trust and confidence in the health system.

More Definitions of Series B-1 Certificate of Designation

Series B-1 Certificate of Designation means the Certificate of Designation of Preferences, Rights and Limitations of Series B-1 Convertible Preferred Stock to be filed prior to the Closing by the Company with the Secretary of State of the State of Delaware, in the form of Exhibit E attached hereto.

Series B-1 Certificate of Designation means the Certificate of Designation to be filed prior to the Closing by the Company with the Secretary of State of Delaware, in the form of Exhibit A-1 attached hereto.

Series B-1 Certificate of Designation means the Certificate of Designation of Series B-1 12.75% Convertible Preferred Stock filed with the Secretary of State of the State of Delaware in respect of the Series B-1 Preferred Stock, as the same may be amended or supplemented from time to time as permitted by this Agreement.

Series B-1 Certificate of Designation means the Certificate of Designation of Preferences, Rights and Limitations of the Series B-1 Preferred Stock. “Series B-1 Preferred Stock” means a series of the Company’s preferred stock designated as “Series B-1 Preferred Stock” having the rights, privileges and

Series B-1 Certificate of Designation means the Certificate of Designation of Series B-1 Convertible Preferred Stock of the Corporation.

Series B-1 Certificate of Designation means that certain Certificate of Designation of Series B-1 12.75% Convertible Preferred Stock of the Corporation as filed with the Secretary of State of the State of Delaware. (yy) “Series B-2 11.5% Preferred Stock” shall mean the series of preferred stock of the Corporation, par value $1.00 per share, designated as “Series B-2 11.5% Convertible Preferred Stock.”

Series B-1 Certificate of Designation means the Certificate of Designation of Preferences, Rights and Limitations of Series B-1 Convertible Preferred Stock.