Series B Statement definition
Examples of Series B Statement in a sentence
The rights, obligations and duties of Company, its Subsidiaries and the holders of the Series B Preferred Stock are set forth exclusively in the Series B Statement and the Securities Purchase Agreement dated as of June 24, 1997.
The Shelf Registration Statement shall also cover, to the extent allowable under the Securities Act and the rules promulgated thereunder (including Rule 416), such indeterminate number of additional shares of Common Stock resulting from stock splits, stock dividends, similar transactions or other adjustments provided for in the Series B Statement with respect to the Registrable Securities.
So long as no Event of Default under this Agreement or Event of Noncompliance under the Series B Statement occurs or is continuing, each Investor hereby agrees to vote all of its shares of Series B Preferred Stock that are entitled to vote with the Common Stock and any Conversion Stock issued upon conversion thereof, whether now owned or hereafter acquired (collectively, the “Voting Securities”), in accordance with this Section 3.5.
Any terms which refer to the Series B Statement are hereby incorporated by reference hereto in all respects and shall maintain such definition even if such Preferred Stock is no longer outstanding.
The holders of Series A Stock unanimously consent to the filing of the Statement of Rights and Preferences of Series B Stock (the "Series B Statement") as part of the Company's Articles of Incorporation.
The holders of the Series A Stock acknowledge that the filing of the Series B Statement will materially after the rights and preferences of the Series A Stock but agree that the purchase price paid to the Company by the holders of Series B Stock constitutes fair consideration for such alteration of tights and preferences.
The Company agrees that any notes referenced in Section 7 of the Company's Series B Statement of Designations and Series A Statement of Designations shall be unsecured.
Amend or modify the Series A Statement or the Series B Statement or any other provision of its charter, certificate of incorporation or other organizational documents relating to preferred stock (whether now outstanding or hereafter issued) without obtaining the prior written consent of Obligee.
The Company must have duly filed the Series A Statement of Designations and the Series B Statement of Designations with the Secretary of State of the State of Texas.
Amend or modify the Series A Statement or the Series B Statement or any other provision of its charter, certificate of incorporation or other organizational documents relating to preferred stock (whether now outstanding or hereafter issued) without obtaining the prior written consent of Lenders.