Examples of Series G Convertible Preferred Stock in a sentence
If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series G Convertible Preferred Stock.
Only whole shares of Series G Convertible Preferred Stock may be redeemed.
The Executive shall not be permitted to request these shares of the Corporation’s Series G Convertible Preferred Stock, in certificated form, until the expiration of the 3 (Three) years from the date of their issuance to the Executive.
This Promissory Note (“Note”), is issued by Borrower as partial consideration, along with concurrent payment of $1,250,000.00 (one fourth of $5,000,000.00) in cash by wire transfer of immediately available funds, for the issuance by Lender of 2,636 shares of Series G Convertible Preferred Stock (“Preferred Shares”) of Lender pursuant to that certain Stock Purchase Agreement (“Agreement”) dated December 30, 2021, which is incorporated herein by reference.
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The amount of the dividends payable per share of Series G Convertible Preferred Stock for each quarterly dividend period shall be computed by dividing the annual dividend amount by four.
Except as otherwise required by law or expressly provided herein, shares of Series G Convertible Preferred Stock shall not be entitled to vote on any matter.
These shares of Series G Convertible Preferred Stock shall be held “on book” by the Transfer Agent to the Corporation; for an on behalf of the Executive.
After payment in full of the liquidation price of the shares of the Series G Convertible Preferred Stock and the Parity Liquidation Stock, the holders of such shares shall not be entitled to any further participation in any distribution of assets by the Corporation.
These shares of the Corporation’s Series G Convertible Preferred Stock shall not be available to be assigned, pledged, sold, lent or in any way alienated for a period of 3 (three) years commencing from the date of their issuance to the Executive.