Examples of Series L Stock in a sentence
Payee may elect, in its sole discretion, to convert all or any portion of the outstanding principal amount of the Note, and any or all accrued and unpaid interest thereon into units of Maker’s equity securities (collectively, the “Units”), each Unit consisting of: (a) one (1) share of common stock, par value $0.001 and (b) one (1) Series L Stock Purchase Warrant (the “Series L Warrant”), exercisable for one (1) share of common stock.
Notwithstanding that the Corporation may not be subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act, the Corporation will provide the Transfer Agent and the holders of Series L Stock with all information, documents and reports specified in Section 13 and Section 15(d) of the Exchange Act.
In connection with the Bridge Loan Agreement, we issued a Series L Stock Purchase Warrant to purchase up to 500,000 shares of our common stock, which was initially exercisable from September 5, 2015 through March 4, 2020, with an exercise price of $1.20.
Notwithstanding the foregoing, the Corporation may not exercise such exchange option unless all Accrued Dividends in respect of shares of Series L Stock surrendered to the Corporation upon exchange shall have been paid either in cash or, in respect of Accrued Dividends relating to any Dividend Payment Date prior to July 1, 2006, at the option of the Corporation, in cash, additional shares of Series L Stock or Senior Subordinated Debentures having a principal amount equal to such amount.
Each quarter-annual dividend shall be an amount per share (rounded to the nearest $.01) equal to $25.625 per $1,000 Liquidation Preference of Series L Stock and shall be payable on each Dividend Payment Date, to the holders of record of Series L Stock at the close of business on the Dividend Record Date applicable to such Dividend Payment Date, commencing on the first Dividend Payment Date following the Initial Issue Date.
Dividends on the Series L Stock that are not declared and paid when due will compound quarterly on each Dividend Payment Date at the dividend rate.
The redemption prices for each share of Series L Stock called for redemption during the 12-month periods commencing on July 1 of the years set forth below shall be the amount (expressed as a percentage of the Liquidation Preference thereof) set forth opposite such years, plus Accrued Dividends thereon to the redemption date.
Creditor may elect, in its sole discretion, to convert all or any portion of the outstanding principal amount of the Loan, and any or all accrued and unpaid interest thereon into Units of Borrower equity securities (collectively, the “Units”), each Unit consisting of: (a) one (1) share of common stock, par value $0.001 and (b) one (1) Series L Stock Purchase Warrant (the “Series L Warrant”), exercisable for one (1) share of common stock, substantially in the form of Exhibit C hereto.
No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on the Series L Stock that may be in arrears (it being understood that compounding of unpaid dividends shall not constitute money in lieu of interest).
However, all cellular blood components of fetal/neonatal/infant specification for use up to 1 year of age are currently CMV negative, so are compliant with the SaBTO recommendation.