Series B Threshold definition

Series B Threshold means 33.4%;
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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.
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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.
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Examples of Series B Threshold in a sentence

  • In the event that the holders of the Series B Preferred no longer hold the Series B Threshold Amount or the holders of the Series C Preferred, the Series D Preferred and the Series E Preferred no longer hold the Series C/D/E Threshold Amount, then at such time the positions on the Board previously held by the Series B Designees or the Series C/D/E Designees (as applicable) will be subject to nomination and election by the holders of Common Stock and Preferred Stock, voting together as a class.

  • Vacancies and newly created directorships resulting from any increase in the authorized number of directors elected by all of the stockholders having the right to vote as a single class may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director and, following the Series B Threshold Date (as such term is defined in the certificate of incorporation of the Company), may not be filled by stockholders.

  • 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).

  • Each share of Series B Preferred Stock shall be convertible, at the option of the holder thereof (an “ Optional Conversion Election”), at any time after the Series B Threshold has been achieved (by reference to the formula set forth in subsection (d) below); provided, however, that no shares of Series B Preferred Stock will be convertible as long as a Repurchase Right exists on such shares.

  • Prior to the Series B Threshold being achieved (by reference to the formula set forth in subsection (d) below), shares of Series B Preferred Stock will not be convertible into shares of Common Stock.

  • The holders of Series B Preferred Stock are not entitled to receive any dividends until such time as the holders of Common Stock have received the Series B Threshold in proceeds (in dividends, from a Sales Transaction or otherwise).


More Definitions of Series B Threshold

Series B Threshold means $35,000,000 in Value.
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Related to Series B Threshold

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-purchase procedures. Generally, the micro-purchase threshold for procurement activities administered under federal awards is not to exceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cognizant agency for indirect costs.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.001 per share.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.