Examples of Series F Certificate of Designations in a sentence
In accordance with the terms of the Series F Certificate of Designations, the Series F Anti-dilution Adjustment Provisions will not be operative until such shareholder approval is obtained.
The New Investors hereby covenant and agree that the Existing Preferred Shares purchased by them pursuant to this Agreement shall automatically be converted into Common Stock in accordance with their terms upon the occurrence of an Automatic Conversion Event (as such term is defined in the Company's Certificate of Powers, Designations, Preferences and Rights of Series F Convertible Preferred Stock (the "Series F Certificate of Designations")).
The provisions of this Section 4.2 shall be deemed the New Investors' and their assigns' irrevocable notice of its election to convert the Existing Preferred Shares, effective immediately upon the occurrence of an Automatic Conversion Event, in accordance with Section 6 of the Series F Certificate of Designations.
The Company hereby covenants and agrees to include the approval of the Series F Anti-Dilution Adjustment Provisions (as defined in the Series F Certificate of Designations) as an item to be voted upon at the next annual meeting (the "Shareholders Meeting") of its shareholders (provided that Series F Shares remain outstanding at such time), and to recommend that the shareholders of the Company vote in favor of the approval of such provisions.
For purposes of clarification, the provisions of this Section 4.2 shall require the automatic conversion by the New Investors and their assigns' Existing Preferred Shares even if the Series F Convertible Preferred Stock is not automatically converted into Common Stock upon the occurrence of an Automatic Conversion Event as a result of the provisions of Section 6.2(ii) of the Series F Certificate of Designations.
The Company shall pay the liquidated damages due with respect to the Registrable Securities as additional amounts to the Selling Holders quarterly on each dividend payment date (as provided in the Series F Certificate of Designations), in Federal or other immediately available funds.
Subject to receipt of any required Bank Regulatory Approvals and the filing with the Secretary of State of Delaware of the Series F Certificate of Designations, the Holding Company has the requisite corporate power and authority to execute, deliver and perform its obligations under this Subscription Agreement.
All of the issued and outstanding shares of Series F Preferred Stock were redeemed on January 15, 2022, and, therefore, none of the authorized shares of the Series F Preferred Stock are outstanding and none will be issued subject to the Series F Certificate of Designations.
FOR PURPOSES OF THIS SECTION 11, tHE TERM “affiliate” has the meaning ascribed to such term in the Series F Certificate of Designations.
Upon issuance to the Buyers, the Preferred Shares will have been duly authorized and validly issued without violation of the preemptive rights of any Person and will be fully-paid and nonassessable, free and clear of any Liens, taxes or charges with respect to the issuance thereof, and shall be entitled to the rights and preferences set forth in the Series F Certificate of Designations.