Examples of Series A-1 Holder in a sentence
For as long as the Special Series A-1 Adjustment Termination Date (as defined in the Restated Certificate) has not occurred, the Company (i) shall promptly notify the Series A-1 Holder of any equity financing or convertible debt financing by the Company following the date hereof and (ii) shall provide the Series A-1 Holder on a quarterly basis with a capitalization table showing the capitalization of the Company at the end of each calendar quarter (each such notification, a “Capitalization Notice”).
To the fullest extent permitted by applicable law, the Partnership and the Series A-1 Transfer Agent may deem and treat any Series A-1 Holder as the true, lawful, and absolute owner of the applicable Series A-1 Preferred Units for all purposes, and, to the fullest extent permitted by law, neither the Partnership nor the Series A-1 Transfer Agent shall be affected by any notice to the contrary.
The Company shall permit each Major Investor other than the Series A-1 Holder, at such Major Investor’s expense, and on such Major Investor’s written request, to visit and inspect the Company’s properties; examine its books of account and records; and discuss the Company’s affairs, finances, and accounts with its officers, during normal business hours of the Company as may be reasonably requested by the Major Investor.
The Series A-1 Preferred Units are not convertible into or exchangeable for any property or securities of the Partnership or of any other entity at the option of any Series A-1 Holder.
Each Series A-1 Holder desiring to exercise the redemption rights described in the preceding sentence shall provide written notice to the General Partner of its intent to so exercise no less than 180 calendar days prior to any such redemption date.
Such notice (the “Series A-1 Redemption Notice”) shall state: (i) the Series A-1 Redemption Date; (ii) the number of Series A-1 Preferred Units to be redeemed and, if less than all outstanding Series A-1 Preferred Units are to be redeemed, the number of such units to be redeemed from such Series A-1 Holder; (iii) the Series A-1 Redemption Price; and (iv) that Series A-1 Distributions on the Series A-1 Preferred Units to be redeemed shall cease from and after such Series A-1 Redemption Date.
Prior to the end of the fiscal year, the Company shall provide each Qualified Series A-1 Holder and each Qualified Series B Holder with the Company's annual financial plan and operating budget for the next fiscal year as approved by the Company's Board of Directors.
When any such dividend is declared or paid, each Series A-1 Holder shall be deemed to hold a number of shares of Common Stock equal to the largest number of whole shares of Common Stock into which the Series A-1 Holder’s Series A-1 Shares could be converted on the record date for the declaration of the dividend.
Subject to Sections 7(b)(iv) and 7(c) below, a Series A-1 Holder shall have the right, on the Series A-1 Redemption Right Trigger Date and on each anniversary of the Series A-1 Redemption Right Trigger Date, to require the Partnership to redeem the Series A-1 Preferred Units, in whole or in part, held by such Series A-1 Holder from any source of funds legally available for such purpose.
The Company shall deliver to each Holder of at least 1,500,000 shares of Conversion Stock converted or convertible from the Series A Preferred Stock or Series A-1 Preferred Stock (as adjusted for any stock split, stock dividend, recapitalization, or similar event) (a "Qualified Series A-1 Holder") and each Qualified Series B Holder within thirty (30) days after the monthly accounting period of the Company an unaudited monthly report including a balance sheet, income statement and cash flow statement.