Initial Series A Preferred Shares definition

Initial Series A Preferred Shares means the [_________] Series A Preferred Shares issued to Hale in exchange for the Note pursuant to Section 11 of the Note.

Initial Series A Preferred Shares has the meaning set forth in Section 2.2.

Initial Series A Preferred Shares has the meaning set forth in the first recital above.

Examples of Initial Series A Preferred Shares in a sentence

• The number of Ordinary Shares issuable upon conversion of Series A Preferred Shares will be equal to the Stated Value (the Conversion Price of the Note on the date of the exchange of the Note for the Initial Series A Preferred Shares), multiplied by the number of Series A Preferred Shares to be converted, divided by the Conversion Price ($1.776, as the same may be adjusted).

• The conversion price for the Initial Series A Preferred Shares shall initially be $[____]2 (the “Conversion Price”).

• In connection with any conversion of Series A Preferred Shares into Ordinary Shares in accordance with Article ‎164.1, the Holder shall be entitled to select the specific Series A Preferred Shares (whether Initial Series A Preferred Shares or Elected Bonus Shares) to be converted into Ordinary Shares.

• For purposes of example only, if the Conversion Price in respect of the Initial Series A Preferred Shares is $1.00, then the Closing Price would need to be greater than $2.50 for each Trading Day in the relevant period for the condition set forth in clause (i) of the first sentence of this Article ‎164.2 to be satisfied with respect to the Initial Series A Preferred Shares.

• The closing of the purchase and sale of the Initial Series A Preferred Shares and the issuance of the Warrant (the “Closing”) shall take place at the offices of Sidley Xxxxxx Xxxxx & Xxxx LLP, Bank One Plaza, 00 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000 at 10:00 a.m., local time, on the date of this Agreement, or at such other place or time or on such other date as shall be agreed to by the Company and the Investor.

• At the Closing, subject to the terms and the conditions set forth herein, including the representations and warranties set forth herein and the closing documents delivered pursuant hereto, the Company shall issue to the Investor the Warrant to purchase, on the terms and conditions set forth therein, an additional 190,000 shares of Series A Preferred Stock (the “Warrant Shares” and, together with the Initial Series A Preferred Shares, the “Series A Preferred Shares”).

• Assessment will take into consideration how this Service will address the core outcomes of the Partnership Agreements.

• Demographically, our student population has shifted from predominately White to predominately Hispanic/Latinx.