Examples of Series C Preferred Stockholders in a sentence
Upon conversion of the notes to Series C Preferred Stock, the Series C Preferred Stockholders are entitled to receive a cumulative dividend at a rate of 8% of the Series C Issue Price per annum.
Return to Series C Preferred Stockholders for Beneficial Conversion Feature In February 2000 we issued 3,044,018 shares of Series C redeemable convertible preferred stock for $14.2 million, net of issuance costs.
The Company therefore agrees that, in the event of any such breach, the holders of the Series C Preferred Stock shall be entitled, in addition to all other available remedies, to an injunction restraining any breach or the Series C Preferred Stockholders' reasonable perception of a threatened breach by the Company of the provisions of this Certificate of Designations, without the necessity of showing economic loss and without any bond or other security being required.
Any vote in regard to the approval or disapproval of those items listed under the protective provisions would be either controlled by or substantially influenced by such affiliates, potentially against the interests of the rest of the Series C Preferred Stockholders.
Notwithstanding the first sentence of this Section 3.2, in the case of a Default constituting a Material Adverse Effect, if that Material Adverse Effect did not result from any act or failure to act by Western Water, that Default shall entitle the Series C Preferred Stockholders to terminate its obligation to make any further advances on the Loan, but shall not, by itself, entitle the Series C Stockholders to accelerate Western Water's obligation to repay the outstanding amounts under the Loan.
In the event that there is a Change of Control (as defined in the Employment Agreement) of the Company other than a transaction in which the current Series B and Series C Preferred Stockholders acquire a majority of the outstanding Company Common Stock owned by the public, Xxxxxx shall be paid on the effective date thereof in a lump sum the remaining monthly payments due hereunder.
At any time after issuance, the Series C Preferred Stock shall be redeemable, at the option of the Board of Directors of the Company, in whole on in part, upon giving the Series C Preferred Stockholders 30 days written notice of its intention to redeem the Series C Preferred Stock.
However, upon the occurrence of a Default under Subsections 3.1(d), (e) or (f) above, all such sums will automatically become immediately due and payable without any further action on the part of the Series C Preferred Stockholders.
Except as otherwise provided herein, neither this Agreement nor any provision hereof may be modified, changed, discharged or terminated except by the agreement of holders of not less than 66 2/3% in interest of Series C Preferred Stock held by the Series C Preferred Stockholders, and all Stockholders shall be bound by such modification, change, discharge or termination with the same force and effect as if all such Stockholders agreed thereto.
Upon conversion of shares of Series C Preferred Stock, such shares shall no longer be deemed to be outstanding and all rights of the holders thereof as Series C Preferred Stockholders of the Corporation shall cease.