Examples of Series B Convertible Preferred Stock in a sentence
If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series B Convertible Preferred Stock.
No fractional shares of Common Stock or scrip shall be issued upon conversion of shares of Series B Convertible Preferred Stock.
In case any shares of Series B Convertible Preferred Stock shall be converted pursuant to Section 3 hereof, the shares so converted shall cease to be a part of the authorized capital stock of the Corporation.
The shares of Series B Convertible Preferred Stock shall not be subject to the operation of a purchase, retirement or sinking fund.
The Series B Convertible Preferred Stock does not have any voting rights.