SALE AND LIQUIDATION PREFERENCES Sample Clauses

SALE AND LIQUIDATION PREFERENCES. In the event of a Liquidation or Sale (including as the case may be through the exercise of the Drag- Along Right or the Tag-Along Right), whether in one or a series of related transactions, the proceeds resulting from such Liquidation or Sale shall be distributed as follows (reflecting the principle of a one- time non-participating liquidation preference) (the ”Liquidation Preferences”): - In first priority, any preferred shares with senior ranking liquidation preferences as per the articles of association, as amended from time to time, than the Share Tokens and the Other Preferred E Shares, if and when introduced by the shareholders’ meeting with a respective amendment of the articles of association and if and when issued at the time of a liquidation event as per this Section 2, shall receive, an amount equal to the liquidation preference as per the articles of association, as adjusted by any compensatory capital increase or anti-dilution adjustment, if applicable, in the order of priority specified for the liquidation preference as per the articles of association, as amended from time to time. If the proceeds do not suffice to make such payments to all of the holders of Preferred Shares ranking senior compared to the Share Tokens and the Other Preferred E Shares, the proceeds shall be distributed among the holders of such Preferred Shares pro rata to their respective entitlements inter se. - In second priority, each holder of Preferred E2 Shares, Preferred E3 Shares, Preferred E4 Shares, Share Tokens and any other shares of the category E shall receive from the proceeds available for distribution per Preferred E2 Share an amount equal to the Preferred E2 Share subscription price (CHF 10.79 (rounded), per Preferred E3 Share an amount equal to the Preferred E3 Share subscription price (CHF 10.20 (rounded), per Preferred E4 Share an amount equal to the Preferred E4 Share subscription price (CHF 9.00 (rounded), per Share Token an amount equal to the Share Token initial listing price (CHF 11.99 (rounded) and per any other share of the category E the issue price paid for such share, in each case as adjusted by any compensatory capital increase or anti-dilution adjustment, if applicable. If the proceeds do not suffice to make such payments to all of the holders of Preferred E2 Shares, Preferred E3 Shares, Preferred E4 Shares, Share Tokens and other shares of the category E, the proceeds shall be distributed among the holders of Preferred E2 Shares, Preferred E...
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Related to SALE AND LIQUIDATION PREFERENCES

  • MANAGEMENT RIGHTS 3.01 The Union acknowledges that all management rights and prerogatives are vested exclusively with the Employer and without limiting the generality of the foregoing; it is the exclusive function of the Employer:

  • DEPOSIT A deposit totaling 35% of the agreed upon Total Amount is due with acceptance of rental agreement. Payment of deposit shall be deemed as acceptance of this rental agreement. Payment may be made by traveler's checks, bank money order, wire transfer, or certified check or major credit card. Personal checks will be accepted upon approval; if funds are not credited within Ten days booking will be cancelled. The deposit amount is $_DepositAmount_.

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Use of Proceeds The Company will use the net proceeds received by it from the sale of the Securities in the manner specified in the Prospectus under “Use of Proceeds.”

  • SERVICE REQUIREMENTS FOR REFERRED CLIENTS A. Agent agrees to respond to any communications from a Referred Client within two (2) hours after receipt if such communication is received between 9:00am to 5:00pm local time. For communications received outside of these hours, Agent agrees to respond by 10:00am the next day.

  • Definition The following definition applies in addition to the definitions in Chapter 287, Florida Statutes (F.S.), and Rule Chapter 60A-1, Florida Administrative Code (F.A.C.):

  • Payment Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised (the “Book-Entry Warrants”) on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”) any Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each Ordinary Share as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Ordinary Shares and the issuance of such Ordinary Shares, as follows:

  • Payment Terms DXC agrees to pay Supplier the undisputed amount of an invoice within ninety (90) days after the receipt of a valid, complete and properly documented invoice. Any prompt payment discount will be calculated from the date a conforming invoice is received by DXC. Payment will be in U.S. currency unless otherwise stated. Payment will not constitute acceptance of Products and/or Services or impair DXC’s right to inspect. Acceptance shall be when DXC deems the Products and/or Services to meet its specified criteria (“Acceptance”). DXC, at its option, and without prior notice to Supplier, shall have the right to set off or deduct from any Supplier’s invoice, any credits, refunds or claims of any kind due DXC.

  • Events of Default Any of the following shall constitute an Event of Default:

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