Series A Preferred Exchange Ratio definition

Series A Preferred Exchange Ratio is defined in Section 2.02(d).

Series A Preferred Exchange Ratio means the number of HRB Preferred Shares that are issued for a Series A GFH Preferred Share pursuant to Section 2.1(b)(i) hereof.

Series A Preferred Exchange Ratio means --------------------------------- the Common Stock Exchange Ratio plus the Series A Liquidation Preference Ratio. The "Series A Liquidation Preference Ratio" means 0.10 divided by the Parent ------------------------------------- Share Price (as defined below).

Examples of Series A Preferred Exchange Ratio in a sentence

• For the avoidance of doubt, it is specified that if the Series A Preferred Option were exercised immediately following the First Initial Closing, Biodiscovery would receive, in accordance with the Series A Preferred Exchange Ratio, 310,500 Series A Shares.

• No fractional shares shall be issuable upon exercise of the Series A Preferred Option, and if the number of Series A Shares to be issued in accordance with the Series A Preferred Exchange Ratio is other than a whole number, the Company shall pay to Biodiscovery an amount in cash equal to the fair market value of the resulting fractional share on the exercise date.

• To the extent necessary, the Parties shall make appropriate adjustment to the Ironclad Common Exchange Ratios, Ironclad Series A Preferred Exchange Ratio, or Ironclad Series B Preferred Exchange Ratio, as applicable, to ensure that the sum of the Merger Consideration Shares and Merger Consideration Reserved Shares shall be equal to the Merger Consideration.

• Pursuant to the terms of the Agreement, the Parties hereby acknowledge and agree that, notwithstanding anything to the contrary set forth in the Agreement, as of the date hereof, (a) the AIC Common Exchange Ratio shall be 0.1142909; (b) the AIC Series A Preferred Exchange Ratio shall be 0.3033634; and (c) the AIC Series A-1 Preferred Ratio shall be 0.3033634.

• Each issued and outstanding share of Ironclad Series A Preferred Stock (other than shares of Ironclad Series A Preferred Stock, if any, that are held by EUTA or MergerCo) shall be converted into the right to receive that number of fully paid and nonassessable shares of EUTA Common Stock equal to the Ironclad Series A Preferred Exchange Ratio, subject in all respects to SECTION 2.9.1.

• To the extent necessary, the Parties shall make appropriate adjustment to the AIC Common Exchange Ratios, AIC Series A Preferred Exchange Ratio and AIC Series A-1 Preferred Ratio, as applicable, to ensure that the shares issued at the Effective Time to the AIC Shareholders (including the Holdback Shares) shall not exceed the Merger Consideration.

• Each issued and outstanding share of AIC Series A Preferred Stock (other than shares of AIC Series A Preferred Stock, if any, that are held by Xtrana or MergerCo) shall be converted into the right to receive that number of fully paid and nonassessable shares of Xtrana Common Stock equal to the AIC Series A Preferred Exchange Ratio, subject in all respects to SECTION 2.9.1 and the Escrow Agreement.

• Xxxxx xx xxx apprxxxx xx xxx xxockholders of Buyer, the Exchange Ratio, Series A Preferred Exchange Ratio, Series B Preferred Exchange Ratio and Warrant Exchange Ratio shall be adjusted downward proportionately such that 209,580 less shares of Buyer Common Stock (assuming the Seller Stock Options and Seller Warrants assumed by Buyer are fully exercised) are issued to the stockholders, option holders and warrant holders of Seller.

More Definitions of Series A Preferred Exchange Ratio

Series A Preferred Exchange Ratio means the quotient obtained by dividing the Series A Allocation Number by the Aggregate Series A Number.

Series A Preferred Exchange Ratio means the quotient (calculated to five decimal places) obtained by dividing (x) the Series A Liquidation Preference by (y) the Average Closing Price.