Examples of Series B-2 Shares in a sentence
A holder of Series B-2 Shares may reset the Beneficial Ownership Limitation to a higher or lower number upon providing written notice to the Company.
Voting RightsThe Series B-2 Shares have no voting rights, except with respect to certain protective provisions set forth in the Series B-2 Certificate of Designation relating to the powers, preferences and rights of such shares.
For so long as GSK, together with its Permitted Transferees, holds Series B-2 Shares representing ten per cent.
The purchase and sale of the Series B-2 Shares, and the issuance of the Warrants, shall occur at the Second Closing (as defined in Section 1.3 hereof) and shall be held within five (5) business days of receipt by each such Purchaser of notification by the Company that the Company has received a $16,750,000 tranche of funding from XXXX.
From (1) we know that ⟨Q, d⟩ −→∗ ⟨Q′, d′⟩ where c ⊑ d′ and⟨Q′, d′⟩≈˙ ⟨P, c⟩.
The number of Series B-2 Shares committed to be purchased by each Purchaser hereunder shall hereinafter be referred to as the “B-2 Commitment” of each such Purchaser, and such Purchaser’s B-2 Commitment may not be changed after the first sale of Preferred Shares occurring hereunder.
Promptly (and in any event within five Business Days) following the Second Closing Date and the issuance of the Series B-2 Shares, the Investor will, by written notice to the Company, exchange all of the outstanding Series B-1 Shares and Series B-2 Shares held by the Investor into a number of shares of Series B Preferred Stock (the "Series B Shares") equal to (i) the sum of (x) the number of Series B-1 Shares being exchanged plus (y) the number of Series B-2 Shares being exchanged, divided by (ii) two.
Not less than thirty percent (30%) of the total aggregate dollar amount of each Purchaser’s Purchase Commitment must be allocated to the purchase of Series B-2 Shares (the “Minimum Series B-2 Threshold”), provided that, each Purchaser shall have the option, but not the obligation, to allocate a greater relative proportion, up to one hundred percent (100%) of such Purchaser’s Purchase Commitment, toward the purchase of Series B-2 Shares.
For every two (2) Series B-2 Shares that a Purchaser commits to purchase pursuant to such Purchaser’s B-2 Commitment, the Company will issue one (1) Warrant exercisable into one (1) Series B-1 Share.
All Series B-1 Shares and Series B-2 Shares exchanged as provided in this Section 2.04 shall no longer be deemed outstanding as of the Exchange Closing and all rights with respect to such Series B-1 Shares and Series B-2 Shares shall immediately cease and terminate as of such time, other than the right of the Investor to receive the Series B Shares.