Class A Convertible Preferred Stock definition

Examples of Class A Convertible Preferred Stock in a sentence

• There are presently outstanding 10,446,227 shares of Common Stock, and 670,000 shares of Class A Convertible Preferred Stock Series 1.

• As of the Closing Date, the Royal Oasis Shares to be delivered to ECOC shall be restricted under Rule 144 and shall constitute valid and legally issued shares of Royal Oasis, fully paid and non-assessable and equivalent in all respects to all other issued and outstanding shares of Royal Oasis restricted Class A Convertible Preferred Stock.

• Holders of shares of Class B Redeemable Preferred Stock shall not be entitled to any voting rights except upon matters with respect to which the holders of shares of Class A Convertible Preferred Stock, Class B Redeemable Preferred Stock and Common Stock have separate voting rights as expressly provided in this section (d), the Corporation's Amended and Restated Certificate of Incorporation or as required by Delaware law.

• The Company desires to issue and sell to the Purchasers, and the Purchasers desire to purchase from the Company, an aggregate of 833,300 shares (the "Shares") of the Company's authorized but unissued shares of Class A Convertible Preferred Stock (the "Preferred Stock"), initially convertible into 8,333,000 shares of the Company's Common Stock, par value $.001 per share (the "Common Stock").

• The Company and the Purchasers are parties to a Stock Purchase Agreement (the "Purchase Agreement"), dated as of July 30, 1996, which provided, among other things, for the acquisition by the Purchasers of shares of the Company's Class A Convertible Preferred Stock (the "Class A Preferred Stock").

• An automatic adjustment to the Conversion Rate or the Adjustment Trigger Price pursuant to this Section 5.3 may not be waived except by written notice to the Corporation executed by the registered owners of 100 percent of then outstanding shares of Class A Convertible Preferred Stock.

• The authorized capital stock of Competitive Companies is as set forth in the registration statement, (the "Competitive Companies Stock"), of which o 4,907,061 common shares o 4,000,000 shares of Class A Convertible Preferred Stock o 2,440,436 shares of Class B common stock are issued and outstanding.

• The Corporation will not, by amendment of its corporate charter or through any reorganization, transfer of capital stock or assets, consolidation, merger, dissolution, issue or sale of securities, or through any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of the Class A Convertible Preferred Stock, but will at all times in good faith assist in the carrying out of all such terms.

• Subject to Section 2.2, all of the issued and outstanding membership interests of Kino ("Kino's Membership Interests"), will be converted into the right to receive eight million (8,000,000) shares of Modavox Common Stock, two million (2,000,000) shares of Modavox Class A Convertible Preferred Stock and two million (2,000,000) shares of Modavox Class B Convertible Preferred Stock ("Merger Shares").

• Each share of Class A Convertible Preferred Stock shall be convertible at the option of the Holder thereof and without the payment of additional consideration by the Holder thereof, at any time, into shares of Common Stock on the Optional Conversion Date (as hereinafter defined) at a conversion rate of one (1) share of Common Stock (the “Conversion Rate”) for every one (1) share of Class A Convertible Preferred Stock, subject to adjustment as provided in Section 4 of this Designation.