Founder Preferred Shares definition

Founder Preferred Shares means the founder preferred shares of Holdings and any successor instrument thereto.
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Founder Preferred Shares means the convertible preferred shares in the capital of the Company;
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Founder Preferred Shares means the Series A Founder Preferred Shares and/or the Series B Founder Preferred Shares.
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Examples of Founder Preferred Shares in a sentence

  • Subject to the BVI Companies Act, on a winding-up of the Company the assets of the Company available for distribution shall be distributed, provided there are sufficient assets available, first to the holders of Ordinary Shares in an amount up to US$10.00 per share in respect of each fully paid up Ordinary Share then, provided there are assets remaining, to the holders of Founder Preferred Shares in an amount up to US$10.00 per share in respect of each fully paid up Founder Preferred Share.

  • Excludes an indirect pecuniary interest in 56,250 Founder Preferred Shares (which are convertible at any time at the option of the holder into ordinary shares on a one-for-one basis) held by Mariposa Acquisition II, LLC.

  • Founder Preferred Shares, Ordinary Shares, and Warrants are classified as equity.

  • Until shares of Class A Common Stock are actually delivered to the Member upon a Redemption or Direct Exchange pursuant to Article XI of the Operating Agreement, the Member shall not have any rights as a shareholder in respect of shares of Class A Common Stock; provided that the Member shall have all rights as a shareholder in respect of shares of Class B Common Stock and Series B Founder Preferred Shares.

  • For so long as an initial holder of Founder Preferred Shares (being a Founding Entity together with its affiliates) holds 20% or more of the Founder Preferred Shares in issue, such holder shall be entitled to nominate a person as a Director of the Company and the Directors shall appoint such person.

  • Adjustment to eliminate a €492.2 million non-cash charge related to the Founder Preferred Shares Annual Dividend Amount & Warrant Redemption Amount.

  • Prior to consummation of a Qualified IPO, the approval of the holders of a majority of the outstanding Founder Preferred Shares shall be required for any alteration of the terms of the Founder Preferred Shares.

  • C.3 Issued share capitalAt the date of this Document there are a total of 44,572,739 Ordinary Shares of no par value and 32,529,500 Warrants in issue.In addition, there are 1,250,000 Founder Preferred Shares in issue, held by the Founding Entities.On Readmission, 27,277,274 new Ordinary Shares will be issued pursuant to the Private Placement.C.4 Rights attached to the securitiesOrdinary Shares rank equally for voting purposes.

  • In subsequent years, the Founder Preferred Shares Annual Dividend Amount will be calculated based upon the volume weighted average price for the last ten trading days of the year and the appreciated average share price compared to the highest price previously used in calculating the Founder Preferred Shares Annual Dividend Amount.

  • Any party hereto may (or the Requisite Holders, the holders of a majority of the then-outstanding Founder Preferred Shares and the holders of a majority of the then-outstanding Common Shares on behalf of any Shareholder may), only by an instrument in writing that expressly states that it is waiving compliance with this Agreement, waive compliance by any other party or parties hereto with any term or provision hereof on the part of such other party or parties hereto to be performed or complied with.


More Definitions of Founder Preferred Shares

Founder Preferred Shares means the Company’s preferred shares Class A.
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Founder Preferred Shares means the founder preferred shares of no par value each in the capital of the Company (which for these purposes, for the avoidance of doubt, shall include the Company in such form as it exists following any continuation, change of jurisdiction, merger, consolidation or similar action under the laws of the British Virgin Islands or any relevant foreign jurisdiction); and (ii) any capital shares into which such founder preferred shares shall have been changed (including, for the avoidance of doubt, in connection with or
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Founder Preferred Shares means the Class A Preferred Shares held by the Founders.
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Related to Founder Preferred Shares

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.