Examples of Series B-2 Purchase Price in a sentence
The second approach is suitable when the record of past production is not very accurate but the details of cropping pattern are relatively more reliable.
Any declaration that the MAC condition has not been fulfilled by fewer than all of the Series B-2 Backstop Investors will not be effective and will have no effect on the obligation of any Series B-2 Backstop Investor to pay its share of the Series B-2 Purchase Price to the Company.
The adjustment to the Purchase Price shall automatically occur on the fifth business day of the second month following the end of the Series B-2 Measuring Year (the "Series B-2 Purchase Price Adjustment Date").
Each Series B-2 Backstop Investor will promptly notify the Company of any event or circumstance that at any time during the term of this letter agreement could (a) result in or reasonably be expected to result in any portion of the Series B-2 Purchase Price not being available to any Series B-2 Backstop Investor, or (b) hinder or reasonably be expected to hinder any Series B-2 Backstop Investor’s ability to perform its obligations hereunder.
This letter agreement shall terminate and be of no further force or effect upon the earlier of (a) both the consummation of the Closing and the payment in full of the Series B-2 Purchase Price by each Series B-2 Backstop Investor or (b) the termination of the Investment Agreement in accordance with its terms.
The Adjusted Short-fall Amount will be divided by the total number of shares of Series B-2 Preferred Stock, and rounded up or down to the nearest cent (the "Series B-2 Purchase Price Adjustment").
The "Adjusted Purchase Price" shall equal the Purchase Price minus the Series B-2 Purchase Price Adjustment.
On the Series B-2 Purchase Price Adjustment Date (the "Conversion Date"), the Series B-2 Shares will automatically convert into shares of Common Stock as provided for in this Section.
The “ Series B-2 Conversion Price” per share of Series B-2 Preferred Stock initially shall be the Original Series B-2 Purchase Price, and shall be subject to adjustment as set forth in Section 4(d) herein.