Common Equity Interests definition
Examples of Common Equity Interests in a sentence
The Company and its Subsidiaries will not issue or sell, and will not permit any other Subsidiaries to issue or sell, any Equity Interests of any Subsidiary to any person other than the Company or a Wholly-Owned Subsidiary of the Company, except for Common Equity Interests with no preferences or special rights or privileges and with no redemption or prepayment provisions.
This Warrant shall be exercisable, in whole or in part, during the term commencing on the earlier of (i) closing date of the next Qualified Equity Financing occurring after the issuance date of this Warrant and (ii) the date of a Common Equity Interests Election, and ending on the expiration of this Warrant pursuant to Section 19 hereof.
The Holder may make an irrevocable election for the Equity Securities to be Common Equity Interests at any time prior to the earlier of (i) the initial closing of the next Qualified Equity Financing provided that the Holder has received notice in accordance with Section 13, and (ii) the expiration of this Warrant.
The Company agrees during the term the rights under this Warrant are exercisable to reserve and keep available from its authorized and unissued equity capital for the purpose of effecting the exercise of this Warrant such number of Equity Securities (and shares of Common Equity Interests for issuance upon conversion of such Equity Securities, if applicable) as shall from time to time be sufficient to effect the exercise of the rights under this Warrant.
If the Holder has not elected to exercise this Warrant prior to the expiration of this Warrant, then (a) this Warrant shall automatically (without any act on the part of the Holder) be exercised, effective immediately, prior to the expiration of the Warrant, and (b) the Holder, to the extent necessary to exercise this Warrant pursuant to this Section 5, shall be deemed to have elected for the Equity Securities to be Common Equity Interests.