Examples of Series A-3 Conversion Price in a sentence
Dividends with respect to the Series A-3 Stock shall be payable in shares of Common Stock (calculated based upon the then effective Series A-3 Conversion Price), as accrued, upon the conversion of the Series A-3 Stock into Common Stock.
No adjustment in the Series A-3 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-3 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.
Such initial Series A-3 Conversion Price, and the rate at which shares of Series A-3 Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.
The term “Conversion Price” shall mean (a) with respect to the Series A Preferred Stock, the Series A Conversion Price, (b) with respect to the Series A-1 Preferred Stock, the Series A-1 Conversion Price, (c) with respect to the Series A-3 Preferred Stock, the Series A-3 Conversion Price, and (d) with respect to the Series B Preferred Stock, the Series B Conversion Price.
The “Conversion Price” shall mean, collectively, the Series A-l Conversion Price, Series A-2 Conversion Price, Series A-3 Conversion Price, Series A-4 Conversion Price, Series B Conversion Price, and Series C Conversion Price, as applicable.
Each share of SeriesA-3 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 Series A-3 Original Issue Price by the Series A-3 Conversion Price (as defined below) in effect at the time of conversion.
The price at which shares of Common Stock shall be deliverable upon conversion of shares of Series A-2, Series A-3, Series B-1 and Series C Preferred shall initially be $3.00, $4.00, $4.00 and $3.60 with respect to each share of Series A-2, Series A-3, Series B-1 and Series C Preferred, respectively (the "Series A-2 Conversion Price", "Series A-3 Conversion Price", "Series B-1 Conversion Price", and "Series C Conversion Price", respectively).
Upon any such conversion, no adjustment to the SeriesA-l Conversion Price, Series A-2 Conversion Price, Series A-3 Conversion Price, Series A-4 Conversion Price, Series B Conversion Price, or Series C Conversion Price shall be made for any declared but unpaid dividends on the Preferred Stock surrendered for conversion or on the Common Stock delivered upon conversion.
Such initial Series A-l Conversion Price, Series A-2 Conversion Price, Series A-3 Conversion Price, Series A-4 Conversion Price, Series B Conversion Price, and Series C Conversion Price, and the rate at which shares of Series A-l Preferred Stock, Series A-2 Preferred Stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock, Series B Preferred Stock, and Series C Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.
The case was placed in the agenda of the 141th meeting of SEAC held on 27.02.2016, but no one from the project proponent attended the said meeting.