Examples of Series C Articles Supplementary in a sentence
The Series C Articles Supplementary, dated December 16, 2020, set forth the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption of the Preferred Stock and reflect the classification of 3,680,000 shares as shares of Preferred Stock.
When issued, sold and delivered in accordance with the terms of the Series C Articles Supplementary or the Series D Articles Supplementary, as the case may be, the Reserved Shares will be validly issued and outstanding, fully paid and nonassessable.
Written notice of any such voluntary or involuntary liquidation, dissolution or winding-up of the Company, stating the payment date or dates when, and the place or places where, the amounts distributable in such circumstances shall be payable, shall be given by the Managing Member pursuant to Section 13.7 hereof but in no event later than the equivalent notices required by the Series C Articles Supplementary.
Such distributions shall be payable quarterly in arrears on the same date as the corresponding Base Dividend (as defined in the Series C Articles Supplementary) is payable to holders of record at the close of business on the record date for the corresponding Base Dividend.
The Common Shares issuable upon conversion of the Securities have been duly authorized and, when issued upon conversion of the Securities in accordance with the terms of the Series C Articles Supplementary, will be validly issued and fully paid and non-assessable free and clear of any pledge, lien, encumbrance, security interest or other claim created by the Company.