Series B Threshold definition
Series B Threshold means, as to the Series B1 Preferred Interests, the B1 Threshold, as to the Series B2 Preferred Interests, the B2 Threshold, as to the Series B3 Preferred Interests, the B3 Threshold, as to the Series B4 Preferred Interests, the B4 Threshold, and as to the Series B5 Preferred Interests, the B5 Threshold.
Series B Threshold means 33.4%;
Series B Threshold has the meaning set forth in Section 5.02(b). “Series B Units” has the meaning set forth in Section 3.03(c). “Significant Member” means, as of a particular date, each Class C Common Member holding a Percentage Interest (when aggregated with the Percentage Interest of its Affiliates and Permitted Transferees) equal to or greater than 5.0 % as of such date. For the avoidance of doubt, no Series A-1 Member or Class C-1 Member shall be or be deemed to be a Significant Member hereunder.
Examples of Series B Threshold in a sentence
Section 1.1(b) of this Agreement shall not be amended or waived without the written consent of the holders of a majority of the issued and outstanding shares of Series B Preferred Stock, so long as the Series B Threshold is met.
Exercise Price The exercise price per Series B Warrant shall be set at a price per share of New Common Stock such that the Series B Warrants are “in the money” at and above the Series B Threshold (expressed on a per share basis).
More Definitions of Series B Threshold
Series B Threshold means $35,000,000 in Value.