Examples of Series C-1 Shares in a sentence
Except for (i) the conversion privileges of the Series A Shares, Series B Shares, Series C Shares and Series C-1 Shares, (ii) up to 26,415,442 Common Shares reserved for issuance pursuant to the ESOP (as defined in Section 5.7), there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the shares of the Company.
Each of the Founder Parties hereby irrevocably and unconditionally guarantees to the holders of the Series C-2 Shares and the Series C-1 Shares the proper and punctual performance by the Company of the Company’s obligations under this Section 2; provided, however, the liability of the Founder Parties shall be limited to the Equity Securities of the Company held by the Founder Parties.
The conversion rate for the Series C-1 Shares shall be determined by dividing the applicable Series C-1 Issue Price for each of the Series C-1 Shares by its conversion price applicable to such Series C-1 Share (the “Series C-1 Conversion Price”), determined as hereafter provided, in effect on the date the certificate is surrendered for conversion.
No dividends or distributions of any nature whatsoever shall be paid on or in respect of any Ordinary Shares unless and until a dividend in like amount has been first paid in full on the Series A Shares, Series B Shares, Series C Shares, Series C-1 Shares and Series C-2 Shares (in each case pro rata, on an as-converted basis).
For the avoidance of doubt, no conversion shall prejudice the right of a holder of Series A Shares, the Series A-1 Shares, the Series B Shares, the Series C Shares, the Series C-1 Shares, the Series C-2 Shares and/or the Series D Shares to receive dividends and other distributions declared but not paid as at the date of conversion on the Series A Shares, the Series A-1 Shares, the Series B Shares, the Series C Shares, the Series C-1 Shares, the Series C-2 Shares and/or the Series D Shares being converted.