Examples of Series B-1 Certificate of Designations in a sentence
The Securities to be issued hereunder and that are or may become issuable under the Series B-1 Certificate of Designations have been duly authorized and reserved for such issuance.
On May 18, 2011, the transactions contemplated by the Recapitalization Agreement were consummated and the GS Investors converted all of the shares of Series B-1 Preferred Stock into Series D Preferred Stock in accordance with the Series B-1 Certificate of Designations and the Company issued the Additional Shares to the GS Investors.
The Series B-1 Certificate of Designations has been filed with the Secretary of State of the State of Delaware.
Accrued and unpaid dividends from the Initial Issuance Date through and including April 1, 2017 shall increase the Stated Value hereunder on a daily basis (and including any Capitalized Dividends (as defined in the Series B-1 Certificate of Designations), the “Capitalized Dividends”).
The Mandatory Preferred Shares are duly authorized and, upon issuance in accordance with the terms hereof, shall be (i) validly issued, fully paid and non-assessable, (ii) free from all taxes, liens and charges with respect to the issuance thereof and (iii) entitled to the rights and preferences set forth in the Series B-1 Certificate of Designations.
Concurrently with any adjustment to the Conversion Rate set forth in the Series B-1 Preferred Stock Certificate of Designations, the Conversion Rate set forth in this Certificate of Designations shall be automatically adjusted such that the Conversion Rate in this Certificate of Designations is the same as the Conversion Rate, as so adjusted, set forth in the Series B-1 Certificate of Designations.
The Series B-1 Preferred Stock will have the rights, preferences and privileges set forth in the form of Series B-1 Certificate of Designations.
Upon conversion in accordance with the Series B-1 Certificate of Designations, the Mandatory Conversion Shares will be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock.
Except for the Certificate of Designations, Preferences and Rights of Series A Junior Participating Preferred Stock, the Original Series B Certificate of Designations and the Original Series B-1 Certificate of Designations, the Company does not have any certificate of designations in effect as of the date hereof.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearOn March 5, 2009, we filed the Series B-1 Certificate of Designations and Series B-2 Certificate of Designations with the Secretary of State of the State of Delaware for the purpose of establishing the preferences, limitations, voting powers and relative rights of the Series B-1 and B-2 Preferred Stock.