Series D Stock definition

Series D Stock means the series of Preferred Stock authorized and designated as Series D Convertible Preferred Stock at the date of the Certificate, including any shares thereof authorized and designated after the date of the Certificate.

Series D Stock means the Company’s Series D Convertible Preferred Stock, $0.01 par value per share.

Series D Stock means the Company’s Series D Convertible Preferred Stock, $0.001 par value per share, as presently constituted under the Charter, and any other class, series or other designation of security into or for which such Series D Convertible Preferred Stock is converted, substituted or exchanged pursuant to a reorganization, reclassification, recapitalization or similar transaction.

Examples of Series D Stock in a sentence

• A certificate or certificates will be issued for the remaining shares of Series D Stock in any case in which fewer than all of the shares of Series D Stock represented by a certificate are converted.

• The determination as to whether or not any fractional shares are issuable shall be based upon the total number of shares of Series D Stock being converted at any one time by any holder thereof, not upon each share of Series D Stock being converted.

• In the event Sequoia does not hold at least 1,000,000 shares of the Company’s Preferred Stock (as adjusted from time to time to reflect any stock split, stock dividend, reverse stock split or similar event affecting the Preferred Stock), then, in lieu of Sequoia, the holders of at least a majority of the outstanding shares of the Series D Stock, voting as a separate class, shall be entitled to designate one (1) person as the Series D Director.

• On August 14, 2017, the price of the Series D Stock were adjusted to $0.25 per share pursuant to the documents governing such instruments.

• The terms and conditions of this Agreement shall inure to the benefit of and be binding upon and be enforceable by the successors and assigns of the parties hereto, including the holder(s) from time-to-time of any of the Series D Stock.

More Definitions of Series D Stock

Series D Stock shall have the meaning assigned to such term in the recitals of this Agreement.

Series D Stock means Series D Preferred Stock of the Borrower, issued pursuant to the Series D Equity Agreement.

Series D Stock has the meaning set forth in the Recitals.

Series D Stock means the Series D Preferred Stock of the Company.

Series D Stock. Each share of the Company’s Series D Stock, is convertible into the Company’s Common Stock in accordance with the provisions contained in the Certificate of Designation of Preferences and Rights of the Series D Stock (“Designation”). The Series D Stock has significant transferability restrictions imposed by SEC Rule 144. • No offering proceeds to the Company: The Company will receive no proceeds from the satisfaction of the Debt in exchange for the issuance of the Series D Stock. As set forth in the Company’s reports filed with the Securities and Exchange Commission, the Company has significant working capital and cash flow shortages, and is dependent upon financing from third parties and related parties to be able to conduct its operations.

Series D Stock means Series D Preferred Stock or Series D Underlying Common Stock.

Series D Stock as defined in Section 2.6(d).