Examples of Series C Issue Date in a sentence
Each share-of Series C Preferred Stock shall be convertible, without the payment of any additional consideration by the holder thereof and at the option of the holder thereof, at any time after the Series C Issue Date at the conversion ratio of one (1) share of Series C Preferred Stock for ten thousand (10,000) shares of Common Stock.
T = a number, the numerator of which is the number of calendar days between the Deemed Series B Issue Date, Deemed Series B+ Issue Date, or Deemed Series C Issue Date (as applicable) and the date of receipt by the Series BC Redemption Party of the full amount of the Series BC Redemption Price and the denominator of which is 365.
Each share of Series C Preferred shall be convertible at the option of the holder thereof, at any time after the Initial Series C Issue Date, at the office of the Company or any transfer agent for the Series C Preferred, into the number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Liquidation Value by the Conversion Price, determined as hereinafter provided, in effect at the time of conversion.
The "Liquidation Accretion Amount" for each share of Series C Preferred shall initially be zero (0), and shall increase on the first anniversary date of the Initial Series C Issue Date by $1.40, on the second anniversary date by $1.50, and on the third anniversary date by $1.60, per share.
Series C Dividends shall begin to accrue and shall be cumulative from April 3, 2001 (the "Series C Issue Date") whether or not declared by the Board of Directors.