Examples of Series D Preferred Stockholder in a sentence
The Corporation shall promptly send by first-class mail, postage prepaid, to each Series D Preferred Stockholder at such holder's address appearing on the Corporation's records a copy of (i) each registration statement filed by the Corporation under the Securities Act and each amendment thereof and each exhibit and schedule thereto and (ii) each order of the Securities and Exchange Commission declaring any such registration statement to be effective.
These shares have voting rights and vote on actions required to have Series D Preferred Stockholder approval.
At the election of each Series D Preferred Stockholder, such dividends may be paid in cash or with shares of Common Stock.
Third, each Series E Preferred Stockholder, Series D Preferred Stockholder and Common Stockholder shall be paid an amount equal to two (2) times the Original Series E Issuance Price (the “Series E Maximum Amount”) for each share of Common Stock and each share of Common Stock issuable upon conversion of the Series D Preferred Stock and Series E Preferred Stock held by such Series D Preferred Stockholders, Series E Preferred Stockholders and Common Stockholders.
The Company has designated 500,000 as Series D Preferred Stock that convert into 100 shares of common stock for each 1 share of Series D Preferred Stock and vote on actions required to have Series D Preferred Stockholder approval.
The Series D Preferred Stockholder agrees, and any representative of such Preferred Stockholder will agree, to hold in confidence and trust and not use or disclose any confidential information provided to or learned by it in connection with the rights granted in Section 8.1 other than in connection with the investment in the Company.
The Corporation shall also cause a copy of such statement to be sent by first-class, certified mail, return receipt requested, postage prepaid, to each Series D Preferred Stockholder at such holder's address appearing on the Corporation's records.
Any Series D Preferred Stockholder that exercises its right to convert its shares of Series D Preferred Stock into Common Stock shall deliver the certificate(s) for the shares to be converted ("Series D Preferred Certificate"), duly endorsed or assigned in blank to the Corporation, during regular business hours, at the office of the transfer agent of the Corporation, if any, at the principal place of business of the Corporation or at such other place as may be designated by the Corporation.
In the event the Company does not redeem all outstanding shares of Series D Preferred Stock in a mandatory conversion, the Company shall redeem pro-rata from each Series D Preferred Stockholder such number of shares determined by dividing the number of shares to be redeemed by the number of shares of Series D Preferred Stock then outstanding, multiplied by the number of shares held by each Series D Preferred Stockholder.
The Corporation shall also cause a copy of such statement to be sent, by first- class, certified mail, return receipt requested, postage prepaid, to each Series D Preferred Stockholder at such holder's address appearing on the Corporation's records.