SERIES C-2 definition
Examples of SERIES C-2 in a sentence
If any such special meeting required to be called as above provided shall not be called by the Secretary within 20 days after receipt of any such request, then any holder of Series C Equity Shares, Series C-1 Equity Shares or the Series C-2 Equity Shares may call such meeting, upon the notice above provided, and for that purpose shall have access to the records of the Corporation.
For so long as the Investor holds the Requisite Shares and following the time at which the Series C-2 Convertible Preferred Stock shall have become convertible in full, the Investor shall be entitled to nominate a total of two (2) directors to the Board.
Series F 1,210,837 1.8738 % Section (B) Immediately after the Closing: Authorized capital: US$200,000 divided into: (i) 143,831,307 Ordinary Shares, (ii) 5,000,000 Series A Preferred Shares, (iii) 982,178 Series A-1 Preferred Shares, (iv) 7,060,263 Series B Preferred Shares, (v) 8,670,877 Series C-1 Preferred Shares, (vi) 1,055,891 Series C-2 Preferred Shares, (vii) 15,935,515 Series D Preferred Shares, (viii) 8,947,749 Series E Preferred Shares, and (ix) 8,516,220 Series F Preferred Shares.
A total of 8,670,877 authorized Series C-1 Preferred Shares and 1,055,891 authorized Series C-2 Preferred Shares, all of which are issued and outstanding immediately prior to the Closing.
The Series C-1 Preferred Stock and the Series C-2 Preferred Stock are sometimes collectively and individually referred to as "Series C Preferred Stock".
In addition, holders of Series C-2 Preferred Stock may become parties to this Agreement by executing a joinder agreement to this Agreement.
The Stock and Series C-2 Warrants, when issued, sold, and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and nonassessable, and will be free of restrictions on transfer other than restrictions on transfer under this Agreement and the Investors’ Rights Agreement and under applicable state and federal securities laws.
On and after August 12, 2008, the Corporation, at its option, may redeem the Series C-2 Equity Shares, in whole at any time or from time to time in part, in minimum increments of $10.0 million of aggregate Liquidation Preference of such shares, out of funds legally available therefor at a redemption price payable in cash equal to 100% of the Liquidation Preference per Series C-2 Equity Shares (plus all accumulated, accrued and unpaid dividends as provided in paragraph (b) below).
Issuance of certificates for shares of Series C-2 Preferred Stock upon the exercise of this Warrant shall be made without charge to the Holder for any United States or state of the United States documentary stamp tax or other incidental expense with respect to the issuance of such certificate, all of which taxes and expenses shall be paid by the Company, and such certificates shall be issued in the name of the Holder.
If any such special meeting required to be called as above provided shall not be called by the Secretary within 20 days after receipt of any such request, then any holder of Series C-1 Equity Shares or Series C-2 Equity Shares may call such meeting, upon the notice above provided, and for that purpose shall have access to the records of the Corporation.