Examples of Series A Closing Date in a sentence
On and from the Series A Closing Date, in addition to the Equity Shares already held by the ESOP trust in the Company, 1,13,083 (one lakh thirteen thousand eighty three) Equity Shares (or rights equivalent) representing 5% (five percent) of the Fully Diluted Share Capital as on the Series A Closing Date, shall be allocated towards stock options that may be granted to employees of the Company (“ESOPs”).
Preferred Stock Holders of our Series A Preferred Stock are entitled to a cumulative dividend at a rate of 5.2% per annum until the 48-month anniversary of the Series A Closing Date and thereafter at a rate of 4.0% per annum.
Unless converted earlier in accordance with these Articles and Applicable Laws, the Series A CCD shall mandatorily convert into Equity Shares on the date that is 30 (thirty) days prior to the tenth anniversary from the Series A Closing Date.
Unless converted earlier in accordance with these Articles and Applicable Laws, the Series A CCPS shall mandatorily convert into Equity Shares on the date that is 30 (thirty) days prior to twentieth anniversary from the Series A Closing Date.
Notwithstanding anything set forth in this Section 2.06 or any other provision of this Agreement to the contrary, Administrative Agent and each of the Lenders further agree that the proceeds of the Advances remitted by the Lenders to the Collateral Accounts on the Series A Closing Date shall be transferred within 15 Business Days after the Series A Closing Date to one or more bank accounts designated by Borrower to the Administrative Agent and the Lenders in writing.