Examples of Series G Designation in a sentence
So long as any shares of Series H Preferred Stock are outstanding, if the Corporation pays a dividend in cash, securities or other property on the Common Stock (other than as described in the last sentence of Section 4(e) of the Series G Designation) then at the same time the Corporation shall declare and pay a dividend on each share of Series H Preferred Stock in an amount equal to the Series H Per Share Participation Amount.
The rights, privileges and preferences of the Series G Preferred Stock will be as stated in the Series G Designation.
The Series H Preferred Stock outstanding as at any date shall be convertible into a number of shares of Class A Common Stock (the "Aggregate Series H Conversion Shares") equal to .625 times the excess, if any, of (A) the Aggregate Conversion Shares over (B) the aggregate Preference Amounts (as defined in the Series G Designation) with respect to all outstanding shares of Series G Preferred Stock divided by the Net Realizable FMV of a share of Class A Common Stock at the time of conversion.
The Series H Preferred, if and when issued, shall have respective rights, preferences and privileges identical to the Series G Designation, mutatis mutandis, and shall rank pari passu with the Series G Preferred with regard to dividends, liquidation, voting rights and any other preferential rights designated therein, except that the Conversion Price (as defined below) for conversion of said Shares shall reset as of the Original Issue Date (as defined below) for such Shares.
The Series H Preferred shall be authorized pursuant to a certificate of designation to be prepared by the Company and filed on or prior to the Series H Closing Date (as defined below) by the Company with the Secretary of State of Delaware (such certificate of designation, together with the Series G Designation, are referred to as the "Certificates of Designation").
The Series H Preferred Stock outstanding as at any date shall be convertible into a number of shares of Class A Common Stock (the “Aggregate Series H Conversion Shares”) equal to .625 times the excess, if any, of (A) the Aggregate Conversion Shares over (B) the aggregate Preference Amounts (as defined in the Series G Designation) with respect to all outstanding shares of Series G Preferred Stock divided by the Net Realizable FMV of a share of Class A Common Stock at the time of conversion.
Sometimes, it is late to change the “cap” (role) which will create role dislocation.