Examples of Original Series A Purchase Price in a sentence
As used herein, the "Original Series A Purchase Price" for the Series A-1 Preferred Stock is $1.00 per share, the "Original Series A Purchase Price" for the Series A-2 Preferred Stock is $1.25 per share, the "Original Series A Purchase Price" for the Series A-3 Preferred Stock is $1.21309 per share, the "Original Series A Purchase Price" for the Series A-4 Preferred Stock is $2.60 per share and the "Original Series A Purchase Price" for the Series A-5 Preferred Stock at $3.00 per share.
In no event shall the Series A Conversion Value be more than the Original Series A Purchase Price.
Subject to the provisions of Section 3(e)(i) below, each share of Series A Preferred Stock shall be convertible, at the option of the holder thereof at any time after the date of issuance of such share, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Original Series A Purchase Price by the Series A Conversion Price then in effect.
The liquidation preference per share of Series A Preferred Stock as of any particular date (the "Series A Liquidation Preference") shall be the greater of (x) the Original Series A Purchase Price or (y) the amount per share of Series A Preferred Stock that the holder of the number of shares of Common Stock issuable upon conversion thereof would receive upon any such Liquidation Event (assuming conversion of all shares of Series A Preferred Stock into Common Stock pursuant to Section 5 of Article IV).
Redemption or Conversion - Thirty days following notice of a Public Offering, or a Sale Event, the Corporation may redeem the Convertible Preferred Stock, Series A, if unconverted, at the Original Series A Purchase Price, plus accrued dividends; the holders shall have the option to convert the Convertible Preferred Stock, Series A within the period from such notice.
Initially, the conversion price shall be Original Series A Purchase Price.
The price at which each share of Series C Preferred Stock, Series B Preferred Stock and Series A Preferred Stock, if applicable, shall be redeemed shall equal the sum of (x) two times the Original Series C Purchase Price, the Original Series B Purchase Price or the Original Series A Purchase Price, as the case may be, plus (y) accrued but unpaid dividends thereon computed to such Redemption Date (such sum being referred to herein as the "Redemption Price").
As used herein, the term “conversion price” shall be an amount computed by dividing the Original Series A Purchase Price by the conversion rate then in effect.
The conversion rate in effect at any time for conversion of the Series A Convertible Preferred Stock (the "Series A Conversion Rate") shall be the quotient obtained by dividing (x) the Original Series A Purchase Price, plus dividends accrued and not paid (whether or not compounded), by (y) the "Series A Conversion Price", calculated as provided in Section 4(c).
The number of shares of Common Stock that a holder of Series A Convertible Preferred Stock shall be entitled to receive upon conversion pursuant to this Section 5 shall be the product obtained by multiplying (a) the number of shares of Series A Convertible Preferred Stock being converted at any time, by (b) the quotient obtained by dividing (I) the sum of the Original Series A Purchase Price, by (ii) the Series A Conversion Value then in effect.