Examples of Series C-2 Preferred Share in a sentence
Each Excess Series C-2 Preferred Share shall be identical in all respects to each other Excess Series C-2 Preferred Share, and except as otherwise provided herein, shall be identical in all respects to each Series C-2 Preferred Share (the Series C-2 Preferred Shares together with the Excess Series C-2 Preferred Shares being hereinafter referred to as the "Series C-2 Equity Shares").
The number of Ordinary Shares to which a holder shall be entitled upon conversion of each Series C2 Preferred Share shall be the quotient of the applicable Series C2 Issue Price divided by the then effective Series C2 Conversion Price (the “Series C2 Conversion Price”), which shall initially be the applicable Series C2 Issue Price, resulting in an initial conversion ratio for Series C2 Preferred Shares of 1:1.
Each Series C-1 Preferred Share and Series C-2 Preferred Share shall automatically be converted into Class A Ordinary Shares, at the then applicable Preferred Share Conversion Price upon the consents in writing by the holder(s) of more than seventy five percent (75%) of the then issued and outstanding Series C-1/C-2 Preferred Shares.
Each Series C-2 Preferred Share shall be identical in all respects to each other Series C-2 Preferred Share.
Each Series C-2 Preferred Share shall be identical in all respects to ------ each other Series C-2 Preferred Share.
Veritone hereby grants to Licensee, during the Term (as defined in Section 7 below), a non-transferable, non- sublicensable, non-exclusive, revocable license to access and use the Platform and Services, subject to the terms and conditions set forth in this Agreement (the “License”).
The Series C-2 Shareholders have agreed to subscribe from the Company, and the Company has agreed to allot and issue to the Series C-2 Shareholders, certain Series C-2 Shares (as defined below) of the Company on the terms and conditions set forth in the Series C-2 Preferred Share Subscription Agreement dated January 30, 2019 by and among the Company, the Series C-2 Shareholders (as applicable), the Founder Parties and the Subsidiaries (the “Share Subscription Agreement”).
Each Series C-2 Preferred Share shall automatically be converted into Class A Ordinary Shares at the then effective Series C-2 Conversion Price upon (i) the closing of a Qualified Public Offering, or (ii) the written consent of holders of at least a Majority of the outstanding Series C-2 Preferred Shares (voting together as a single class and calculated on as-converted basis).
Whenever the Conversion Price is reduced pursuant to the preceding sentence, the Corporation shall mail to the holder of each Series C-2 Preferred Share at his or her last address appearing on the share register a notice of reduction prior to the date the reduced Conversion Price takes effect and such notice shall state the reduced Conversion Price and the period during which it will be in effect.
Each Series C-2 Preferred Share shall be convertible into such number of fully paid and non-assessable Ordinary Shares at the Preferred Share-to-Ordinary Share conversion ratio equal to: Series C-2 Preferred Share Purchase Price / then-effective Conversion Price for such Series C-2 Preferred Share (the “Series C-2 Conversion Price”).