Examples of Series C-3 Preferred in a sentence
All of the preferential amounts to be paid to the holders of the Series B Preferred, Series C-1 Preferred, Series C-2 Preferred and Series C-3 Preferred under this Section 3 shall be paid or set apart for payment before the payment or setting apart for payment of any amount for, or the distribution of any assets of this corporation to, the holders of the Series A-1 Preferred, Series A-2 Preferred, and Common Stock in connection with such liquidation, dissolution or winding up.
After the payment or the setting apart of payment to the holders of the Series A-1 Preferred, Series A-2 Preferred, Series B Preferred, Series C-1 Preferred, Series C-2 Preferred and Series C-3 Preferred of the preferential amounts so payable to them, the holders of Common Stock shall be entitled to receive all remaining assets of this corporation.
The conversion price at which shares of Common Stock shall be deliverable upon conversion of the Series C-3 Preferred Stock without the payment of additional consideration by the holder thereof (the “Series C-3 Conversion Price”) shall initially be equal to the Series C-3 Original Purchase Price.
The shares of the Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C-1 Preferred Stock, Series C-2 Preferred Stock, Series C-3 Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F-1 Preferred Stock shall not be redeemable at the election of the Corporation at any time except pursuant to the terms of an agreement between the Corporation and the holder or holders of any of such shares.
The rights, privileges and preferences of the Series B-1 Preferred Stock, Series B-2 Preferred Stock, Series C-1 Preferred Stock, Series C-3 Preferred Stock and Series D Preferred Stock are as stated in the Company Certificate of Incorporation.
The holders of shares of the Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C-1 Preferred Stock, Series C-2 Preferred Stock, Series C-3 Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F-1 Preferred Stock shall not be entitled to receive any fixed dividends thereon.
The conversion prices for the Series C-1 Preferred Stock, Series C-2 Preferred Stock, and the Series C-3 Preferred Stock are $1.16, $1.214, and $1.15, respectively.
The Company shall not redeem, purchase or acquire for value any Junior Preferred Shares or Series B Preferred Shares unless it first redeems all outstanding Series C1 Preferred Shares, Series C2 Preferred Shares and Series C3 Preferred Shares.
Without limiting the breadth of the foregoing, Company will not cause the Series C-3 Preferred Stock into which this Warrant is exercisable or convertible to be converted into Common Stock unless such conversion is effected as part of the conversion of all Company’s outstanding series of preferred stock and other senior securities into Common Stock.
B The Company entered into that certain Share Purchase Agreement with certain Series C Shareholder on October 15, 2019 with respect to the sale and purchase of Series C-3 Preferred Shares of the Company (the “Share Purchase Agreement”).