Series B Designations definition
Examples of Series B Designations in a sentence
For purposes of this Agreement, capitalized terms used and not defined herein shall have the respective meanings ascribed to them in the Purchase Agreement or the Series B Designations, as applicable.
This indemnification provision is in addition to, and not in limitation of, any other indemnification provision in the Series B Designations, Series C Designations, the Securities Purchase Agreement (as such term is defined in the Series B Designations), the Securities Purchase Agreement (as such term is defined in the Series C Designations), or any other agreement, instrument or other document executed or delivered in connection herewith or therewith.
With respect to the Series B Holders, all notices, requests, demands and other communications hereunder shall be subject to the notice provision of the Securities Purchase Agreement (as such term is defined in the Series B Designations).
This Agreement and the Security Interest shall terminate on the date on which all payments under the Series B Designations, including the Redemption Payment, have been indefeasibly paid in full and all other Obligations have been paid or discharged; provided, however, that all indemnities of the Debtors contained in this Agreement shall survive and remain operative and in full force and effect regardless of the termination of this Agreement.
As an inducement for the Secured Parties to extend the funds as evidenced by the Series B Preferred Stock or the Series B Designations.
This indemnification provision is in addition to, and not in limitation of, any other indemnification provision in the Series B Designations, the Purchase Agreement (as such term is defined in the Series B Designations) or any other agreement, instrument or other document executed or delivered in connection herewith or therewith.
All notices, requests, demands and other communications hereunder shall be subject to the notice provision of the Purchase Agreement (as such term is defined in the Series B Designations).
By way of example, if each Series B Holder agrees to convert their Series B Stock, then the Series B Holders shall receive collectively 16,800,000 shares (this is the pre-reverse split number) of the Company’s Common Stock, rather than the 14,000,000 (this is the pre-reverse split number) they are authorized to receive under the Series B Designations.