Series H Convertible Preferred Stock definition

Series H Convertible Preferred Stock means the Series H Convertible Preferred Stock, $.01 par value, of the Corporation.

Series H Convertible Preferred Stock means the Series H Convertible Preferred Stock, par value $0.10 of the Company, subject to the terms contained in the Certificate of Designation.

Examples of Series H 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 H Convertible Preferred Stock.

• A total of 135,000 shares (the “Preferred Shares”) of preferred stock, par value $0.001 per share, of the Corporation have been designated as Series H Convertible Preferred Stock (the “Series”).

• On the Authorized Share Increase Date, the Company shall use its commercially reasonable efforts to cause the holders of the Company’s existing Convertible Debentures due 2020 and the Company’s existing Series H Convertible Preferred Stock to convert such outstanding convertible debentures and shares of convertible preferred stock into shares of Common Stock.

• Dividends payable on the Series H Convertible Preferred Stock will be computed on the basis of a 365-day year and the actual number of days elapsed and will be deemed to accrue on a daily basis.

• Each share of Series H Convertible Preferred Stock has the number of votes equal to the number of shares of the underlying Common Stock in all actions properly brought by the shareholders..

• All Preferred Warrants originally issued by the Company subsequent to any adjustment made to the Exercise Price pursuant to the Warrant shall evidence the right to purchase, at the adjusted Exercise Price, the number of shares of Series H Convertible Preferred Stock, purchasable from time to time hereunder upon exercise of the Preferred Warrants, all subject to further adjustment as provided herein.

• The Company shall not issue fractions of shares of Series H Convertible Preferred Stock upon exercise of Preferred Warrants or distribute stock certificates that evidence fractional shares of Series H Convertible Preferred Stock.

• The Definitive Certificates, together with the form of election to purchase shares of Series H Convertible Preferred Stock (the “Notice of Exercise”) and the form of assignment to be printed on the reverse thereof, shall be substantially in the form of Exhibit B attached hereto.

• If, upon the third (3rd) anniversary of the Original Issue Date as set forth within the Certificate of Designation of Preferences, Rights and Limitations of Series H Convertible Preferred Stock, the interest earned and dividends payable on the Staffing 360 Preferred Stock have not resulted in the payment in full of such payments, then, and only then, shall such payments be offset against the redemption price of the Staffing 360 Preferred Stock on a pro rata basis.

• The Exercise Price, the number of shares of Series H Convertible Preferred Stock covered by each Preferred Warrant and the number of Preferred Warrants outstanding are subject to adjustment from time to time as provided in Section 3 of the Preferred Warrant Certificate set forth in Exhibit B attached hereto.