Examples of Series C Director in a sentence
The holders of record of the shares of Series Seed Preferred Stock, exclusively and as a separate class, shall be entitled to elect one (1) director of the Corporation (the “Series Seed Director” and, together with the Series C Director, the Series B Director, and the Series A Director, the “Preferred Directors”).
So long as the Non-Redemption Event shall continue, any vacancy in the office of a Series C Director may be filled by written consent of the Series C Directors remaining in office or, if none remains in office, by vote of the holders of a majority of the outstanding shares of Series C Preferred Stock.
From and after the time that a Trust shall dispose of or otherwise sell of its Preferred Stock, such Trust shall no longer have the right to designate a Series C Director and the remaining Trusts shall apportion the right to designate a Series C Director as equal as possible.
The Trusts agree hereby to each designate one (1) Series C Director, and the Trusts agree to vote their Shares and the proxies granted to them by the Proxy Group hereby for each Series C Director so designated.
The Series A Director, Series B Director, the Series C Director and the Series D Director are collectively referred to as the “Investor Directors.” The holders of Common Stock, voting as a single class, shall be entitled to elect three (3) members of the Board at each meeting or pursuant to each consent of the Corporation’s stockholders for the election of directors.