Examples of Series BB-1 Preferred Shares in a sentence
The initial Conversion Price per share for the Series BB-3 Preferred Shares, the Series BB-1 Preferred Shares and the Series AA Preferred Shares shall be the Original Issue Price of the Series BB-1 Preferred Shares and the initial Conversion Price for the Series BB-2 Preferred Shares shall be the Original Issue Price of the Series BB-2 Preferred Shares, provided, however, that the Conversion Price for the Preferred Shares shall be subject to adjustment as set forth in subarticles 9(c), 9(d) and 9(e).
In connection with the Financing, Series BB-1 Preferred Shares issued in January 2006 upon the deferred closing of the previous financing (the Poalim financing) to Genesis entities (an aggregate number of 862,292 Preferred BB-1 Shares) shall be converted into the new class of Series BB-3 Preferred Shares.
The authorized capital of the Company is comprised of NIS 950,001 divided into: 53,000,060 Ordinary Shares, par value 0.01 NIS per share, 15,000,000 Series AA Preferred Shares, par value 0.01 NIS per share, 12,137,708 Series BB-1 Preferred Shares, par value 0.01 NIS per share, 4,000,000 Series BB-2 Preferred Shares, par value 0.01 NIS per share, 5,862,292 Series BB-3 Preferred Shares, par value 0.01 NIS per share and 5,000,040 Series BB-4 Preferred Shares, par value 0.01 NIS per share.
The outstanding Ordinary Shares, Ordinary-Preferred Shares, Series AA Preferred Shares, Series BB-1 Preferred Shares and Series BB-2 Preferred Shares, are all duly and validly authorized and issued, fully paid and nonassessable, were issued free of any lien, pledge, claim, charge, encumbrance or third party rights of any kind (“Security Interest”), and were issued in compliance with all applicable laws, including the relevant securities laws of the State of Israel.
The authorized capital of the Company is comprised of NIS 964,500 divided into: 53,000,060 Ordinary Shares, par value 0.01 NIS per share, 15,000,000 Series AA Preferred Shares, par value 0.01 NIS per share, 12,137,708 Series BB-1 Preferred Shares, par value 0.01 NIS per share, 4,000,000 Series BB-2 Preferred Shares, par value 0.01 NIS per share, 5,862,292 Series BB-3 Preferred Shares, par value 0.01 NIS per share and 6,449,940 Series BB-4 Preferred Shares, par value 0.01 NIS per share.
The rights set forth in Section 6(e) may be exercised by the Company by delivery to the holders of Series A/A-1/A-2 Preferred Shares or Series B/B-1 Preferred Shares, as applicable, of a notice (an “Optional Redemption Notice”) requesting such redemption and specifying the redemption date (the “Optional Redemption Date”).
The number of shares includes conversion of 862,292 Series BB-1 Preferred Shares at the closing.
Subject to the Law and these Articles, the holders of Series B/B-1 Preferred Shares shall vote together as a single class, and not as separate classes or series, on an as-converted to Ordinary Shares basis, with respect to any question or matter upon which holders of Series B Preferred Shares or Series B-1 Preferred Shares have the right to vote or otherwise put before the holders of Series B Preferred Shares or Series B-1 Preferred Shares.
Any of the rights, powers, preferences or privileges of the Series B/B-1 Preferred Shares (but not, for avoidance of doubt, the limitations or qualifications applicable thereto) set forth herein may be waived on behalf of all holders of Series B/B-1 Preferred Shares by the affirmative written consent or vote of the Series B/B-1 Majority.
The holders of the Series A/A-1/A-2 Preferred Shares and the Series B/B-1 Preferred Shares shall have no voting rights except as may be required under the DGCL.