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 and the “Series C Conversion Price” shall initially equal the Original Series C 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

• Dividends with respect to the Series A-1 Stock shall be payable in shares of Common Stock (calculated based upon the then effective Series A-1 Conversion Price), as accrued, upon the conversion of the Series A-1 Stock into Common Stock.

• Such initial Series A-1 Conversion Price, and the rate at which shares of Series A-1 Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

• No adjustment in the Series A-1 Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the holders of at least 60% of the then outstanding shares of Series A-1 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.

• The conversion rate for the Series A1 Shares shall be determined by dividing the Series A1 Issue Price for each of the Series A1 Shares by its conversion price provided that in the event of any share splits, share combinations, share dividends, recapitalisations and similar events, the initial Series A1 Conversion Price shall be adjusted accordingly.

• No adjustment in the Series A-1 Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the holders of a majority of the then outstanding shares of Series A-1 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 initially two U.S. dollars (USD $2.00) per share or such other dollar amount (or fraction thereof) into which such Series A-1 Conversion Price may be adjusted from time to time pursuant to Section VI.

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 $1.05 per share for the Series A Preferred Stock (subject to adjustment from time to time for Recapitalizations and as otherwise set forth elsewhere herein).

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 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).