Series B-2 Preferred definition
Examples of Series B-2 Preferred in a sentence
If the outstanding Series B-2 Preferred Stock is subdivided into a greater number of shares, the Exercise Price shall be proportionately decreased and the number of Shares shall be proportionately increased.
The Company shall so advise all Holders of securities requesting registration, and the number of shares of securities that are entitled to be included in the registration and underwriting shall be reduced, as follows: (i) first, shares requested to be included by stockholders that do not have registration rights, (ii) second, shares requested to be included by the Holders of Series B-1 Preferred Stock, Series B-2 Preferred Stock or Series B-3 Preferred Stock, and (iii) third, the Registrable Securities.
Neither this Agreement nor any of the rights or duties of the Corporation set forth herein shall be assigned by the Corporation, in whole or in part, without having first received the written consent of the Investors holding at least seventy percent (70%) of the shares of Series B-2 Preferred Stock then held by all of the Investors (the “Series B-2 Majority Investors”).
Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Series B-1 Preferred Share Terms or the Series B-2 Preferred Share Terms, as applicable.
The net proceeds received by the Corporation from the sale of the Series B-2 Preferred Stock shall be used by the Corporation generally for the purposes set forth on Schedule 5.17 attached hereto.
Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Series B-1 Preferred Share Terms and Series B-2 Preferred Share Terms, as applicable.
The Company and its subsidiaries shall refrain, ----------------- while any Series B-2 Preferred Stock is outstanding, from taking any action or entering into any arrangement which in any way adversely affects the rights, privileges or benefits available to a holder of Preferred Stock pursuant to the terms of the Series B-2 Articles of Amendment.
The consummation of the sale and issuance of the Series B-2 Preferred Shares pursuant to Section 2.1 (the “Closing”) shall take place remotely via the exchange of documents and signatures on the Closing Date.
All actions on the part of each party to the Transaction Documents (other than the Investor or the Dong SPVs) (and, as applicable, its officers, directors and shareholders) necessary for the authorization, execution and delivery of the Transaction Documents, the performance of all obligations of each such party, and, in the case of the Company, the authorization, issuance (or reservation for issuance), sale and delivery of the Series B-2 Preferred Shares and the Conversion Shares, have been taken.
The shares of Series B-2 Preferred Stock issued to the Purchaser pursuant to this Agreement are referred to in this Agreement as the “Shares”.