Examples of Series B Ordinary Shares in a sentence
If the above conditions are not satisfied, then the PO Redemption shall not be effected and all Elections to convert into Series B Ordinary Shares shall be null and void.
The Ordinary Shares are, at the date of adoption of these Articles, divided into 150,000,000 Series A Ordinary Shares and 100,000,000 Series B Ordinary Shares having, in each case, the rights set forth in these Articles.
Unless the Series B Ordinary Shares issuable on conversion are to be issued in the same name as the name in which such Series A Ordinary Shares are registered, all shares surrendered for conversion shall be accompanied by instruments of transfer duly executed by the registered holder or such holder's duly authorized attorney and an amount sufficient to pay any transfer or similar tax.
With respect to Series B Ordinary Shares issued at the Second Closing, the Second Lien Shareholders shall receive Series B1 Ordinary Shares unless they elect to receive Series B2 Ordinary Shares and with respect to Series B Preference Shares issued at the Second Closing, the Second Lien Shareholders shall receive Series B1 Preference Shares unless they elect to receive Series B2 Preference Shares.
With respect to Series B Ordinary Shares issued at the Third Closing, the Second Lien Shareholders shall receive Series B1 Ordinary Shares unless they elect to receive Series B2 Ordinary Shares and with respect to Series B Preference Shares issued at the Third Closing, the Second Lien Shareholders shall receive Series B1 Preference Shares unless they elect to receive Series B2 Preference Shares.
CONVERSION OF SERIES A ORDINARY SHARE 18.1 Subject to and upon compliance with the provisions of Articles 18.2 and 18.3, the holder of any Series A Ordinary Shares shall have the right, at such holder's option, at any time prior to the Re-designation Date to convert such Series A Ordinary Shares into the same number of Series B Ordinary Shares.
On and following the Re-designation Date each holder of Series B Ordinary Shares shall, on tendering their share certificates in respect of their Series B Ordinary Shares, be entitled to receive, without payment, a new certificate under the common seal of the Company representing an equal number of Ordinary Shares without reference to series.