Examples of Series C Issue Date in a sentence
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.
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.
If the number of shares of Common Stock outstanding at any time after the Initial Series C Issue Date is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for the Series C Preferred shall be appropriately increased so that the number of shares of Common Stock issuable on conversion of each share of Series C Preferred shall be decreased in proportion to such decrease in outstanding shares.
If the Corporation shall at any time, or from time to time after the Original Series C Issue Date, effect a subdivision of the outstanding Common Stock, the Series C Conversion Price then in effect immediately before that subdivision shall be proportionately decreased.