A2 Preference Shares definition
Examples of A2 Preference Shares in a sentence
The aggregate Preference Share Value of the GSAP Class A-1 Preference Shares and the GSAP Class A-2 Preference Shares shall equal an amount equal to (RB + NP) – IA, when: RB = the aggregate Receivables Balance of all Eligible Receivables, but only to the extent that such aggregate Receivables Balances relate to the portion of the Advances funded by an Originator out of its own funds, and not using Amount Held for Future Distribution (and not including any Charged-Off Receivable Balance in the Calculation).
The “Preference Share Value” with respect to the GSAP Class A-1 Preference Shares, the GSAP Class A-2 Preference Shares shall be calculated as set forth below.
The Company Series A Preference Shares, the Company Series A-1 Preference Shares, the Company Series A-2 Preference Shares, the Company Series A-3 Preference Shares and the Company Series B Preference Shares are convertible on a one-share for one-share basis into Company Ordinary Shares.
A total of 1,000,000,000 authorized ordinary shares, of which 488,686,850 shares are designated as Class A Ordinary Shares, 500,000,000 shares will be designated as Class B Ordinary Shares, 3,916,393 shares are designated as Series A-1 Preference Shares and 7,396,757 shares are designated as Series A-2 Preference Shares.
We continue to pursue other sponsorships to fund the van’s future operational costs.
After the payment of the Preference Share Liquidation Preference, the holder of Series A-2 Preference Shares shall be entitled to receive on a pro rata basis with the holders of the Ordinary Shares ratably in proportion to the full amounts to which they would otherwise be respectively entitled thereon on an as-converted basis.
A total of 1,000,000,000 authorized ordinary shares, of which 488,686,850 shares are designated as Class A Ordinary Shares and 500,000,000 shares are designated as Class B Ordinary Shares and 3,916,393 shares are designated as Series A-1 Preference Shares and 7,396,757 shares are designated as Series A-2 Preference Shares.
The Series A-2 Preference Shares are convertible into the Class A Ordinary Shares at an initial conversion ratio of 1:1 at any time after the original issuance date.
Subject to the terms and conditions hereof, at the Closing (as defined below), the Company shall issue and sell to the Investor, and the Investor shall subscribe for and purchase from the Company, an aggregate amount of Series A-2 Preference Shares set forth in Exhibit A at a price as set forth in Exhibit A (such Series A-2 Preference Shares, the “Purchased Shares”).