Series C-2 Preferred definition
Examples of Series C-2 Preferred in a sentence
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".
Series C-1Preferred Shares 56,430,180 1.12 % Series C-2 Preferred Shares 125,400,420 2.49 % SC GGFII Holdco, Ltd.
In addition, holders of Series C-2 Preferred Stock may become parties to this Agreement by executing a joinder agreement to this Agreement.
Pursuant to the Sale and Purchase Agreement, Starr agreed to sell, and the Buyers agreed to purchase, 25,298,900 Series B Preferred Shares and 2,372,825 Series C-2 Preferred Shares of the Company (the “Starr Transfer”).
Upon closing of the Starr Transfer on May 4, 2010 (the “Starr Transfer Closing Date”), the title to, beneficial ownership of, and any risk, obligations, rights, benefits, privileges attaching or accruing to the 25,298,900 Series B Preferred Shares and 2,372,825 Series C-2 Preferred Shares shall be passed to the Buyers with respect to the shares each of the Buyers has purchased under the Starr Transfer.
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.
Unless otherwise set forth below, the Company agrees to give Holder at least twenty (20) days prior written notice (or such shorter period of prior notice as the Company shall provide to the other holders of the Series C-2 Preferred Stock or Common Stock consistent with the Company’s Charter) of the events set forth below.
If the Company at any time while this Warrant remains outstanding and unexpired shall subdivide or combine its outstanding shares of Series C-2 Preferred Stock, the Warrant Price shall be proportionately decreased and the number of Shares issuable hereunder shall be proportionately increased in the case of a subdivision and the Warrant Price shall be proportionately increased and the number of Shares issuable hereunder shall be proportionately decreased in the case of a combination.