Examples of Series C Certificate of Designation in a sentence
Other than the completion of the filing of the Series C Certificate of Designation, no authorization, approval or consent of any court, governmental body, regulatory agency, self-regulatory organization, stock exchange or market or the stockholders of the Company is required to be obtained by the Company for the entry into or the performance of this Agreement and the other Primary Documents.
If all of the Series C preferred stock of the Company is redeemed or converted prior to this Note being paid in full, the Conversion Price under this Note shall continue to be adjusted whenever any Additional Shares as defined in Section 6(d) of the Series C Certificate of Designation are issued at a price which is below the Conversion Price under this Note in effect at the time of such issuance.
In such event, the adjustment shall be determined using the same adjustment formula which is used for the Series C preferred stock in Section 6(d)(iv) of the Series C Certificate of Designation, provided that the references to $1.42172 per share contained in such section shall be changed to the Conversion Price under this Note then in effect immediately prior to such dilutive issuance.
All sections of the Series C Certificate of Designation referred to herein are hereby incorporated by reference herein to the extent contemplated by this provision or necessary to implement these provisions.
Upon the occurrence of an adjustment pursuant to the provisions of this Section 5(d), the Company shall deliver to the Holder a certificate in substantially the same form as the certificate specified in Section 6(l) of the Series C Certificate of Designation.