Examples of Preferred Stock Original Issue Price in a sentence
Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Applicable Preferred Stock Original Issue Price by the Applicable Preferred Stock Conversion Price (as defined below) in effect at the time of conversion.
In the event the outstanding shares of Preferred Stock or a series of Preferred Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Preferred Stock, Original Issue Price and Liquidation Preference of the affected series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased.
In the event the outstanding shares of Preferred Stock or a series of Preferred Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Preferred Stock, Original Issue Price and Series A Liquidation Preference Amount or Series Seed Liquidation Preference Amount, as applicable, of the affected series of Preferred Stock in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
In the event the outstanding shares of Preferred Stock or a series of Preferred Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Preferred Stock, Original Issue Price and Liquidation Preference of the affected series of Preferred Stock in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and non-assessable shares of Common Stock as is determined by dividing the Applicable Preferred Stock Original Issue Price by the Applicable Preferred Stock Conversion Price (as defined below) in effect at the time of conversion.
Upon a Liquidating Event (as defined in Exhibit II, attached hereto) which occurs prior to a Going Public Event (as defined in the Exchange Agreement), each share of Series B Preferred Stock will have an aggregate liquidation preference equal to its Series B Preferred Stock Original Issue Price plus all accrued dividends which have not previously been paid or distributed in cash or in additional shares of Series B Preferred Stock (as required by Section 3, above).
Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the applicable Preferred Stock Original Issue Price by the applicable Preferred Stock Conversion Price (as defined below) in effect at the time of conversion.
Upon a Liquidating Event (as defined in Exhibit II, attached hereto) which occurs prior to the IPO, each share of Series A Preferred Stock will have an aggregate liquidation preference equal to its Series A Preferred Stock Original Issue Price.
Yet the military offers important services to families in the form of noncash benefits.
The conversion price for the Series A Preferred Stock (the “Preferred Stock Conversion Price”) shall initially be the Preferred Stock Original Issue Price.