Series A-1 Conversion Price definition

Series A-1 Conversion Price shall initially be equal to $0.40. The “Series A-2 Conversion Price” shall initially be equal to $0.40. The “Conversion Price” shall mean, as applicable, the Series A-1 Conversion Price or the Series A-2 Conversion Price. Such initial Conversion Price, and the rate at which shares of Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

Series A-1 Conversion Price means a price that initially equals to the Original Series A-1 Issue Price, and shall be adjusted from time to time as provided below in Clause 9 (d)(iv) of the Memorandum.

Series A-1 Conversion Price shall initially equal the Original Series A-1 Issue Price, the “Series A-2 Conversion Price” shall initially equal the Original Series A-2 Issue Price, the “Series A-3 Conversion Price” shall initially equal the Original Series A-3 Issue Price, the “Series B Conversion Price” shall initially equal the Original Series B Issue Price, the “Series C Conversion Price” shall initially equal the Original Series C Issue Price and the “Series D Conversion Price” shall initially equal the Original Series D Issue Price, each of which shall be adjusted from time to time as provided below in Clause 9(d)(v).

Examples of Series A-1 Conversion Price in a sentence

• The East Bank project was discussed and an external assurance report was noted.

• Such adjustment shall be separately calculated for the Series A-1 Preferred Stock and the Series A-2 Preferred Stock based on the respective Series A-1 Conversion Price and Series A-2 Conversion Price then in effect.

• Conversion at the Option of the Holder The Series A-1 Preferred Stock is convertible at the then-effective Series A-1 Conversion Price at the option of the holder at any time and from time to time.

• For purposes hereof, the Series A-1 Conversion Price, the Series B-1 Conversion Price and the Series C Conversion Price shall be referred to as the “Conversion Price” and individually as the “applicable Preferred Conversion Price”.

• No adjustment in the Series A-1 Conversion Price or Series A-2 Conversion Price, as the case may be, shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the 15 Corporation receives written notice from the holders of at least a majority of all holders of the Series A Preferred Stock agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

More Definitions of Series A-1 Conversion Price

Series A-1 Conversion Price means the price at which Class A Ordinary Shares shall be deliverable upon conversion of the Series A-1 Preferred Shares and Class B Ordinary Shares as stipulated in Article 15.

Series A-1 Conversion Price as of the Effective Time shall mean $1.05 per share for the Series A Preferred Stock (subject to adjustment from time to time after the Effective Time for Recapitalizations and as otherwise set forth elsewhere herein).

Series A-1 Conversion Price means the Series A-1 Liquidation Value subject to adjustment as provided in Section (d).

Series A-1 Conversion Price means CAD$1.00 subject to adjustment from time to time under Sections 3.9 and 3.10, and any adjustments made under those Sections shall be successive and each resulting new Series A-1 Conversion Price shall continue in effect until the next adjustment (if any) is made thereunder;

Series A-1 Conversion Price means the conversion price for the Series A-1 Preference Shares, being Rs. 3982.48/- (Rupees Three Thousand Nine Hundred and Eighty Two and Four Eight Paise Only) subject to adjustments as provided for in this Agreement;

Series A-1 Conversion Price shall initially be equal to $1.36. The “Series A Conversion Price” shall initially be equal to $50.00. Such initial Series E Conversion Price Series, Series D Conversion Price, Series C Conversion Price, Series B Conversion Price, Series A-1 Conversion Price and Series A Conversion Price, and the rate at which shares of Series E Preferred Stock, Series D Preferred Stock, Series C Preferred Stock, Series B Preferred Stock, Series A-1 Preferred Stock and Series A Preferred Stock, as the case may be, may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

Series A-1 Conversion Price means a price that initially equals to the Original Series A-1 Issue Price, and shall be adjusted from time to time as provided in Article 4.4(e).