Examples of Series B Articles Supplementary in a sentence
The shares of Common Stock initially issuable upon conversion of the Securities (the “Conversion Securities”) have been duly authorized by the Company, and when issued upon conversion of the Securities in accordance with the terms of the Series B Articles Supplementary, will be validly issued, fully paid and non-assessable.
For purposes of determining the number of Excess Units under this Section 17.8.A(iii), the "Beneficial Ownership Limit" and "Constructive Ownership Limit" set forth in the Series B Articles Supplementary shall be deemed to be 9.0%.
Either the litigation described in Section 7(b)(iv) of the Prison Realty Series B Articles Supplementary existing on the date hereof (including for such purposes successor lawsuits or new lawsuits arising out of the same facts and circumstances) shall have been finally settled on terms and conditions satisfactory to Pacific Life, or the insurance described in Schedule 7.1(m) hereof shall have been obtained and remain in full force and effect at the Closing.
In the event of a conversion of any Series B Preferred Stock into consideration other than Common Stock in accordance with the Series B Articles Supplementary, the Partnership shall retire a number of Series B Preferred Partnership Units equal to the number of shares of Series B Preferred Stock converted into such other form of consideration.
In the event of a conversion of the Series B Preferred Stock into Common Stock, to the extent the Company is required to pay cash in lieu of fractional shares of Common Stock pursuant to the Series B Articles Supplementary in connection with such conversion, the Partnership shall distribute an equal amount of cash to the Company.