Examples of Series B1 Issue Price in a sentence
The number of shares of Common Stock to which a holder of Preferred Stock shall be entitled upon conversion shall be determined by dividing the Series A Issue Price, Series B Issue Price, Series B-1 Issue Price, Series C Issue Price, Series C-1 Issue Price or Series D Issue Price, as applicable, by the conversion price for such share in effect at the time that such certificate is surrendered for conversion, and then multiplying by the number of shares of Preferred Stock being converted.
For the purposes hereof “ Original Issue Price” will mean the Original Series A Issue Price, Original Series Al Issue Price, Original Series B Issue Price, Original Series B1 Issue Price, Original Series C Issue Price, Original Series C1 Issue Price, Original Series D Issue Price, Original Series D1 Issue Price, Original Series E Issue Price, Original Series El Issue Price, Original Series F Issue Price and/or Original Series F1 Issue Price, as relevant to the situation.
The number of shares of Common Stock to which a holder of Preferred Stock shall be entitled upon conversion shall be determined by dividing the Series A Issue Price, Series B Issue Price, Series B-1 Issue Price, Series C Issue Price, or Series C-1 Issue Price, as applicable, by the conversion price for such share in effect at the time that such certificate is surrendered for conversion, and then multiplying by the number of shares of Preferred Stock being converted.
The initial Series B1 Conversion Price for each of the Series B1 Shares shall be its Series B1 Issue Price.
The “Series B-1 Conversion Price” shall initially be the Series B-1 Issue Price, resulting in an initial conversion ratio for the Series B-1 Preferred Shares of 1:1, and shall be subject to adjustment and readjustment from time to time as hereinafter provided.
The "Original Series B and Series B-1 Issue Price" shall be eight dollars ($8.00), as appropriately adjusted for any future stock splits, stock combinations, stock dividends or similar transactions affecting the Senior Preferred.
The conversion rate in effect at any time for conversion of the Series B Preferred and Series B-1 Preferred (the "Series B and Series B-1 Conversion Rate") shall be the quotient obtained by dividing the Original Series B and Series B-1 Issue Price, plus any declared but unpaid dividends thereon, by the "Series B and Series B-1 Conversion Price" calculated as provided in Section 5(c).
The conversion rate for the Series B1 Shares shall be determined by dividing the Series B1 Issue Price for each of the Series B1 Shares by its conversion price provided that in the event of any share splits, share combinations, share dividends, recapitalisations and similar events, the initial Series B1 Conversion Price shall be adjusted accordingly.
The conversion price for the Series B Preferred and Series B-1 Preferred (the "Series B and Series B-1 Conversion Price") shall initially be the Original Series B and Series B-1 Issue Price.
The initial Conversion Price per share for shares of Series B-1 Preferred Stock shall be the lesser of (i) the Original Series B-1 Issue Price and (ii) ninety percent (90%) of the Market Price on the Conversion Date; provided, however, that the Conversion Price for the Series B-1 Preferred Stock shall be subject to adjustment as set forth in subsection 3(d) (Conversion Price Adjustments of Series B-1 Preferred Stock for Stock Splits and Combinations) hereof.