Examples of Series B Preferred Holder in a sentence
For purposes of the repurchase or redemption, the Directors may, subject to the Company being able to pay its debts in the ordinary course of business, make payments out of its capital.15.2The Series B Preferred Holder and Series C Preferred Holder have conversion rights as set forth in Schedule B attached hereto.15.3 Reservation of Shares Issuable Upon Conversion.
Notwithstanding anything to the contrary contained herein, neither the Series B Preferred Holder nor the Series C Preferred Holder shall have any voting power, either general or special on any matters submitted to a vote of Members.
The Series B Preferred Holder and Series C Preferred Holder shall have other rights, privileges and preferences as set forth in Schedule B hereto.
The Series B Preferred Holder shall not be entitled to receive dividends of any kind.
The Series B Preferred Holder shall be entitled to be given notice of and be invited to attend meetings of voting members of the Company.
The Company agrees to pay and hold each Series A Preferred Holder and Series B Preferred Holder harmless against liability for payment of reasonable legal fees and disbursements of counsel and other professionals in connection with any modification, waiver, consent or amendment to this Agreement, the Purchase Agreement or any agreement, document or instrument executed and delivered in connection therewith.
For purposes of the repurchase or redemption, the Directors may, subject to the Company being able to pay its debts in the ordinary course of business, make payments out of its capital.15.2The Series B Preferred Holder has conversion rights as set forth in Schedule B attached hereto.15.3 Reservation of Shares Issuable Upon Conversion.
Notwithstanding anything to the contrary contained herein, the Series B Preferred Holder shall not have any voting power, either general or special on any matters submitted to a vote of Members.
After payment to the Series B Preferred Holder of the amounts so payable to it, the Series B Preferred Holder shall not be entitled to share in any further distribution of the property or assets of the Company.
Such Conversion Notice shall be mailed in a prepaid letter addressed to the Series B Preferred Holder at its address as it appears on the books of the Company or in the event of the address of the Series B Preferred Holder not so appearing then to the last known address of the Series B Preferred Holder and shall set out the Conversion Price and the Conversion Date for such Conversion.