Second Round Securities definition

Second Round Securities shall have the meaning provided in Section 3.3(d).
Sample 1Sample 2Sample 3
Second Round Securities has the meaning set forth in Section 11.2 hereof.
Sample 1Sample 2Sample 3
Second Round Securities shall have the meaning ascribed to that term in the Stock Purchase Agreement.
Sample 1

Examples of Second Round Securities in a sentence

  • If the number or amount of Second Round Securities is less than the number or amount desired to be taken up by Second Round Subscribers, the Second Round Securities shall be allocated among the Second Round Subscribers on a pro rata basis (such that all the Second Round Securities are allocated) according to their respective Proportionate Interests (rounded, as appropriate, to the nearest whole number).

  • The reduction will occur immediately after, but only when and if, (i) the holders of a majority of Path 1’s voting stock and the holders of a majority of Path 1’s 7% Convertible Preferred Stock approve the issuance of the Second Round Securities, after receipt of the proxy statement, and (ii) the Second Round Securities are actually sold.

  • The Company shall not grant to any third party any registration rights that are more favorable than, inconsistent with, or equivalent to any of those contained herein, so long as any of the registration rights under this Agreement remains in effect, except that the Company may grant to any third party who purchases from the Company Second Round Securities (as defined in the Stock Purchase Agreement) registration rights that are equivalent to any or all of those contained herein.

  • The parties contemplate that within eighteen (18) months following the Closing the Company expects to raise additional funds through the issuance of capital stock in the form of Series B Convertible Preferred Stock or other capital stock or securities convertible into capital stock of the Company (the "Second Round Securities") having such rights and privileges as shall be negotiated with the purchasers thereof.

  • They will still be able to participate in the Second Round Securities placement; but that participation would be by voluntary mutual agreement, rather than by preemptive rights contractual compulsion.

  • Please note, some of the Purchasers are expected to be purchasers of Second Round Securities, other than by virtue of their contractual preemptive rights.

  • This letter does not solicit your approval of the issuance of the Second Round Securities or your approval of any of the other related items which will be covered in the proxy statement, nor does it solicit a proxy of any kind; and if you countersign and return this letter to us it will not constitute a written consent or proxy for those matters.

  • In the event that not all Second Round Securities are taken up and purchased by the Qualified Major Stockholders, the Corporation may issue such Second Round Securities not so subscribed for at a price not less than that set out in the Offer Notice to such Persons as the Board may determine in its discretion, subject to compliance with Section 4.13.

  • The aggregate gross proceeds to the Company from the issuance of the Second Round Securities shall not exceed $30,000,000.

  • Agree, in consideration of similar agreements by the participants in the Second Round Securities placement, that whether or not then prohibited by law or regulation, you shall not, before the later of the day the Second Round Securities are first issued or the day the Second Round Securities’ resale Registration Statement is declared effective, directly, indirectly, publicly or privately sell (which term shallTo the Purchasers in the Path 1 Network Technologies Inc.

Related to Second Round Securities

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Approved Securities means securities of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government;

  • Permitted Securities means any of the following:

  • Specified Securities means ‘equity shares’ and ‘convertible securities’ as defined under clause (zj) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

  • Series A Securities means the Company's 10.01% Series A Junior Subordinated Deferrable Interest Debentures due March 15, 2027, as authenticated and issued under this Indenture.

  • Exempted Securities means:

  • Offered Securities shall have the meaning specified in Section 5.03(b)(ii)(B).

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Liquid Securities means securities that are publicly traded on the New York Stock Exchange, NYSE MKT, the Nasdaq Stock Market or any other regulated stock exchange in the United States, Canada, Europe or Australia (or any of their successors) and as to which the Company is not subject to any restrictions on sale or transfer (including any volume restrictions under Rule 144 under the Securities Act or any other restrictions imposed by the Securities Act) or as to which a registration statement under the Securities Act covering the resale thereof is in effect for as long as the securities are held; provided that securities meeting such requirements shall be treated as Liquid Securities from the date of receipt thereof until and only until the earlier of (a) the date on which such securities are sold or exchanged for cash or Cash Equivalents and (b) 180 days following the date of receipt of such securities. If such securities are not sold or exchanged for cash or Cash Equivalents within 180 days of receipt thereof, for purposes of determining whether the transaction pursuant to which the Company or a Restricted Subsidiary received the securities was in compliance with Section 4.12 , such securities shall be deemed not to have been Liquid Securities at any time.

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • Qualified Securities means securities of a reporting issuer that carry the right to participate in voting on the appointment or removal of the reporting issuer’s auditor;

  • Refused Securities has the meaning ascribed to such term in Section 4.1(c)

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Released Securities means Shares of Restricted Stock with respect to which all applicable restrictions have expired, lapsed, or been waived.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Investor Securities means the securities eligible for registration pursuant to the Registration Rights Agreement.

  • Securities Lending Agreement means an agreement under which a local agency agrees to transfer securities to a borrower who, in turn, agrees to provide collateral to the local agency. During the term of the agreement, both the securities and the collateral are held by a third party. At the conclusion of the agreement, the securities are transferred back to the local agency in return for the collateral.

  • Exempt Securities has the meaning set forth in Section 4.4(d).

  • Securities as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Series B Securities means the Company's Series B 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028, as authenticated and issued under this Indenture.

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.