Examples of Series E-3 Preferred Stock in a sentence
The treatment of any particular transaction or series of related transactions as a Deemed Liquidation Event may be waived by the vote or written consent of the holders of a majority of the outstanding Series F Preferred Stock, Series E-1 Preferred Stock, Series E-2 Preferred Stock, Series E-3 Preferred Stock and Series E-2A Preferred Stock (voting together as a single class and not as separate series, and on an as-converted basis).
The Secretary of the Corporation shall call a special meeting on the written request of the holders of the Series E-1 Preferred Stock, Series E-2 Preferred Stock and Series E-3 Preferred Stock entitled to cast at least two-thirds of the votes entitled to be cast at such meeting.
If less than all of the outstanding shares of Series E-3 Preferred Stock held by any holder are to be redeemed, the notice mailed to each holder shall also specify the number of shares of Series E-3 Preferred Stock held by such holder to be redeemed.
The Series E-1 Preferred Stock, Series E-2 Preferred Stock, Series E-3 Preferred Stock and Series E-4 Preferred Stock liquidation preferences shall rank on a parity as to the receipt of the respective preferential amounts for each such series upon the occurrence of such event.
Upon surrender of the certificates for any Series E-3 Preferred Stock redeemed (properly endorsed or assigned for transfer as required by the Corporation) in accordance with the terms and conditions of the notice of redemption, the Series E-3 Preferred Stock shall be redeemed at the redemption price (including all accumulated but unpaid dividends to but excluding the redemption date).
Each share of Series E-3 Preferred Stock shall automatically be converted into shares of Common Stock at the Series E-3 Conversion Price then in effect, upon the date specified by vote or written consent or agreement of holders of a majority of the outstanding shares of Series E-3 Preferred Stock.
Except as provided in the previous sentence, the Corporation shall make no payment or allowance for unpaid dividends, whether or not in arrears, on Series E-3 Preferred Stock for which a notice of redemption has been given.
Subject to applicable state law, any moneys so deposited which remain unclaimed by the holders of the Series E-3 Preferred Stock at the end of two years after the redemption date shall be returned by such bank or trust company to the Corporation.
If the conversion is in connection with an underwritten offering of securities registered pursuant to the Securities Act, the conversion shall be conditioned upon the closing of the sale of securities pursuant to such offering, in which event the persons entitled to receive the Common Stock upon conversion of the Series E-3 Preferred Stock shall be deemed to have converted such Series E-3 Preferred Stock immediately prior to the closing of such sale of securities.
Subject to the Maryland General Corporation Law, the shares of Series E-3 Preferred Stock shall not have any preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications or terms or conditions of redemption other than those specifically set forth in these Articles Supplementary.