Examples of Series B Convertible Preferred Stock in a sentence
To effect the conversion of shares of any Series B Convertible Preferred Stock, Holders must comply with the applicable procedures established from time to time by the Transfer Agent and, in the case of Global Preferred Shares, The Depository Trust Company (The Depository Trust Company or any successor thereto, “DTC”).
Whether or not fractional shares would be issuable upon such conversion shall be determined on the basis of the total number of shares of Series B Convertible Preferred Stock the Holder is at the time converting into Common Stock and the aggregate number of shares of Common Stock issuable to such Holder upon such conversion.
Each Notice of Conversion shall specify the number of shares of Series B Convertible Preferred Stock to be converted.
The Corporation shall not be required to set aside funds to protect the Liquidation Preference of the Series B Convertible Preferred Stock.
Dividends on the Series B Convertible Preferred Stock in respect of any Dividend Period shall be payable in arrears and shall be computed on the basis of a 360-day year consisting of twelve (12) 30-day months.