Examples of Preferred D Shares in a sentence
The Preferred A Shares, Preferred B Shares the Preferred C Shares and the Preferred D Shares shall be converted into Ordinary Shares immediately prior to the occurrence of a Qualifying IPO or a Liquidation Event, on the same basis as if they had been converted on such date by the holders thereof pursuant to Articles 5.3(a), 5.4(a) 5.5(a) or 5.5A(a) as applicable.
A=the number of Ordinary Shares deemed to be outstanding immediately prior to such issuance of Additional Securities (includes all Ordinary Shares outstanding, all Preferred A Shares, all Preferred B Shares, all Preferred C Shares and all Preferred D Shares outstanding, on an as-converted basis).
Notwithstanding anything to the contrary herein, each Preferred Share shall automatically be converted into fully paid and non-assessable Ordinary Shares at the then applicable Conversion Rate, upon: (i) a Qualified IPO, or (ii) upon the consent in writing of the majority of the outstanding Preferred Shares (including the holders of two thirds or more of the Preferred D Shares).
If the assets thus distributed among the holders of the Preferred D Shares shall be insufficient to permit the payment to such holders of the full Preferred D Preference Amount, then the entire assets available for distribution (after payment of the Preferred D-1 Preference Amount as aforesaid) shall be distributed pro-rata among the holders of the Preferred D Shares in proportion to the Preferred D Preference Amount each such holder would otherwise have been entitled to.
Preferred A Shares, Preferred B Shares, Preferred C Shares, Preferred D Shares, Preferred E Shares and Preferred F Shares.
The holders of the Preferred A Shares, Preferred B Shares, Preferred C Shares and Preferred D Shares shall be entitled, when and if declared by the board of directors of the corporation and prior to any payment or declaration of any dividend to the holders of Common Stock, to annual dividends at the rate of $0.08, $0.22, $0.45 and $0.45 per share, respectively (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares).
In return for the issuance by the Corporation of the Preferred D Shares as described herein, Purchaser shall invest into the Corporation marketable securities with an aggregate asset value equal to or greater than seventy-five million ($75,000,000.00) U.S. Dollars.
Securities which the holders of more than 75% of the then outstanding Preferred Shares agree in writing that they will not be included within the definition of “Additional Shares”; provided, however that a majority of the Preferred D Shares and a majority of the Preferred E Shares had also consented in writing to (or voted for) such decision.
The holders of Preferred D Shares, voting separately, shall be entitled to elect one (1) director of the corporation.
He had also been fined 10 times the minimum monthly wage in September 2010(see F18News 26 October 2010http://www.forum18.org/archive.php?article_id=1503).