Examples of Series B Statement in a sentence
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.
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.
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 Parties further agree that, if any authorization, approval or consent of the shareholders of the Company (in addition to the Shareholder Approval) is reasonably required to give effect to the rights and privileges of Investor set forth in this Agreement, the Investor Rights Agreement and/or the Series B Statement with Respect to Shares, then the obligations of the Company to provide the assistance and cooperation set forth in this Section 6.2 shall apply.
Except as may otherwise be required by law, the shares of Series B Preferred Stock shall not have any voting powers, preferences and relative, participating, optional or other special rights, other than those specifically set forth in this Series B Statement of Resolutions Fixing Terms (as such Series B Statement of Resolutions Fixing Terms may be amended from time to time in accordance with the terms hereof) and in the Articles of Incorporation.
The Series B Statement with Respect to Shares shall have been accepted for filing with the Secretary of the Commonwealth of the Commonwealth of Pennsylvania.
As contemplated by Section 6(d)(vii)(E), Section 7(d)(ii) and Section 8(b) of the Series A Statement of Designations and Section 8(b) of the Series B Statement of Designations, the approval of the shareholders of the Company is required under Marketplace Rule 4350(i) of The Nasdaq Stock Market before the Company may issue Common Stock upon certain conversions and redemptions of the Series A Preferred and the Series B Preferred (the "Shareholder Approval").
The Series B Preferred has the powers, relative rights, qualifications, preferences, limitations and restrictions described in the Series B Statement of Designations.
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.