Examples of Series C Stated Value in a sentence
The Series C Preferred Stock shall have a stated value of $1,000.00 per share (the "Series C Stated Value").
As used herein, the "Series C Redemption Price" means the sum of (x) the Series C Stated Value, plus (y) an amount equal to all accrued and unpaid dividends thereon to the Series C Redemption Date.
Subject to the terms and conditions of this Section 4, the Holder of any shares of Series C Preferred shall have the right, at its option at any time, to convert any such shares of Series C Preferred into such number of fully paid and nonassessable whole shares of Common Stock as is obtained by multiplying the number of shares of Series C Preferred so to be converted by the Series C Stated Value and dividing the result by the Conversion Price then in effect.
Commencing on the date of the issuance of any such shares of Series C Preferred (each respectively an “Issuance Date”), each outstanding share of Series C Preferred will accrue cumulative dividends (“Dividends”), at a rate equal to 8.0% per annum, subject to adjustment as provided in this Certificate of Designations (“Dividend Rate”), of the Series C Stated Value.
Such respective conversion factor in effect from time to time, as adjusted upon changes in the Series C Stated Value and pursuant to this Section 4(e)(iv), is referred to herein as the "Series C Conversion Factor." All of the remaining provisions of this Section 4(e)(iv) shall apply separately to the respective Series C Conversion Factors in effect from time to time.