Preferred E Shares definition
Examples of Preferred E Shares in a sentence
Preferred A Shares, Preferred B Shares, Preferred C Shares, Preferred D Shares, Preferred E Shares and Preferred F Shares.
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.
With respect to each series of Preferred Shares - the date on which a share of such series of Preferred Share was first issued by the Company; provided that with respect to each share of Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares or Preferred E Shares, such term shall mean February 28, 2017.
In the event that the assets of the Company available for distribution shall be insufficient to make such per share distributions, all of such assets shall be distributed among the holders of the Preferred E Shares in proportion to the full Preferred E Preference such holders would otherwise be entitled to receive.
In the event that the assets of the Company available for distribution shall be insufficient to make such per share distributions, all of such assets shall be distributed among the holders of the Preferred E Shares in proportion to the full Preferred E Dividends such holders would otherwise be entitled to receive.
In the event that, prior to the close of business on December 31, 2014, the consummation of the Company’s IPO which reflects a Company pre-money valuation of at least $180 million, has not occurred (the “Trigger Event”), then at such time the Conversion Price for the Initial Preferred E Shares and the Warrant E Shares Conversion Price shall be adjusted in accordance with the provisions of the Series E SPA.
The parties hereto agree that additional parties may be added as parties to this Agreement as “Investor” with respect to the Company’s Preferred A Shares, Preferred A-1 Shares, Preferred B-1 Shares, Preferred B-2 Shares, Preferred C Shares, Preferred D-1 Shares and Preferred E Shares, purchased by them after the date hereof, and shall thereupon be deemed for all purposes as an “Investor” hereunder.
Subject to the terms and conditions hereof, at the Closing, the Company shall issue and allot to each of the Purchasers and each of the Purchasers, separately and not jointly, shall purchase from the Company, such number of Preferred E Shares as set forth next to such Purchaser’s name in Schedule B.
As of the date hereof, subject to the consummation of the First Closing under the Series G SPA, there are issued and outstanding 1,483,817 Ordinary Shares, 416,067 Preferred A Shares, 204,666 Preferred B Shares, 245,599 Preferred C Shares, 102,110 Preferred D-1 Shares, 3,881,107 Preferred D-2 Shares, 1,972,041 Preferred E Shares, 2,814,294 Preferred F Shares, 1,014,267 Preferred G Shares and 422,610 Preferred G-1 Shares.
The Warrant Share may be exercised in a cashless transaction identical to the conversion provisions of the Preferred E Shares converted into Common Shares, with the price of the Warrant Shares fixed at the same price as the Converted Preferred Shares.