Examples of Preferred E Shares in a sentence
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.
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.
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.
The Holder is entitled, upon the terms and subject to the conditions to be set forth by the Board of Directors, at any time prior to the close of business on December 31, 2012 (the “Termination Date”), but not thereafter, to subscribe for from Xenacare one share (the “Warrant Shares”) of the common stock, $ .001 par value, of the Company for each Common share converted from Preferred E Shares.
If the proceeds do not suffice to make such payments to all of the holders of Preferred Shares ranking senior compared to the Share Tokens and the Other Preferred E Shares, the proceeds shall be distributed among the holders of such Preferred Shares pro rata to their respective entitlements inter se.
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.
For the avoidance of doubt, Xxxxxxx Management may allocate (subject to approval by the Company’s Board of Directors) New Investor Warrants to other parties including those who are not purchasing Preferred E Shares hereunder (each a “Designee”).
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.