Series C-1 Preferred Shares definition

Series C-1 Preferred Shares means the Series C-1 Preferred Shares of the Company, par value US$0.00001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

Series C-1 Preferred Shares means the series C-1 convertible preferred shares of the Company, par value US$0.000005 per share.

Series C-1 Preferred Shares has the meaning set out in the Recitals.

Examples of Series C-1 Preferred Shares in a sentence

• The Company shall use the proceeds from the issuance and allotment of the Series C Preferred Shares and Series C-1 Preferred Shares (the “Proceeds”) for purpose of business expansion, capital expenditures and general working capital needs of the Group Companies in accordance with the annual consolidated budget of the Company approved by the Investors.

• The Series C Preferred Shares and Series C-1 Preferred Shares, when issued, delivered and paid for in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid and non-assessable, free from any Liens (except for any restrictions on transfer under applicable Laws and under the Ancillary Agreements).

• Subject in part to the accuracy of the Investors’ representations set forth in Section 4 of this Agreement, the offer and issuance of the Series C Preferred Shares and Series C-1 Preferred Shares are, and the issuance of the Conversion Shares will be, exempt from the qualification, registration and prospectus delivery requirements of the Securities Act and any other applicable securities Laws.

• Unless approved by Majority Preferred Holders, proceeds from the issuance of Series C Preferred Shares or Series C-1 Preferred Shares shall not be used to repurchase, redeem, or cancel any junior securities or to make any payments to any Affiliates, or for the repayment of any indebtedness except as set forth in the preceding sentence.

• Any term of this Agreement may be amended, only with the written consent of each of (i) the Company, (ii) Persons holding a majority of the Ordinary Shares, (iii) Persons who hold a majority of the Series C Preferred Shares and Series C-1 Preferred Shares (voting as a single class and on an as-converted basis) to be subscribed under this Agreement.

More Definitions of Series C-1 Preferred Shares

Series C-1 Preferred Shares means the series C-1 preferred shares in the capital of the Company with a nominal or par value of US$0.0001 per share having the rights set forth in these Articles.

Series C-1 Preferred Shares means the Series C-1 preferred shares of US$0.00001 par value per share in the capital of the Company having the rights attaching to them as set out herein (each, a “Series C-1 Preferred Share”).

Series C-1 Preferred Shares means the shares of Series C-1 Preferred Stock, $0.001 par value per share, of the Company.

Series C-1 Preferred Shares means the Series C-1 Preferred Shares, with a par value of US$0.00001 each (as adjusted for Recapitalizations), of the Company.

Series C-1 Preferred Shares means any shares of Series C-1 Cumulative Convertible Preferred Stock of the Company issued pursuant to Section 6.04 of the Securities Purchase Agreement.

Series C-1 Preferred Shares means the series C-1 redeemable convertible preferred shares, par value of US$0.001 per share, of the Company.

Series C-1 Preferred Shares means the Series C-1 Preferred Shares, nominal value NIS 0.01 each, of the Company. “Shares” has the meaning set forth in the recitals.