Examples of Series C-2 Shares in a sentence
Each of the Founder Parties hereby irrevocably and unconditionally guarantees to the holders of the Series C-2 Shares and the Series C-1 Shares the proper and punctual performance by the Company of the Company’s obligations under this Section 2; provided, however, the liability of the Founder Parties shall be limited to the Equity Securities of the Company held by the Founder Parties.
No dividends or distributions of any nature whatsoever shall be paid on or in respect of any Ordinary Shares unless and until a dividend in like amount has been first paid in full on the Series A Shares, Series B Shares, Series C Shares, Series C-1 Shares and Series C-2 Shares (in each case pro rata, on an as-converted basis).
For the avoidance of doubt, no conversion shall prejudice the right of a holder of Series A Shares, the Series A-1 Shares, the Series B Shares, the Series C Shares, the Series C-1 Shares, the Series C-2 Shares and/or the Series D Shares to receive dividends and other distributions declared but not paid as at the date of conversion on the Series A Shares, the Series A-1 Shares, the Series B Shares, the Series C Shares, the Series C-1 Shares, the Series C-2 Shares and/or the Series D Shares being converted.
The dividend shall be first paid to the holders of Series D Shares, Series C-2 Shares, Series C-1 Shares, Series C Shares, the Series B Shares and Series A-1 Shares in accordance with Article 118, and then to the holders of Series A Shares.
If the Company has insufficient assets to permit payment of the Series C-2 Preference Amount in full to all holders of Series C-2 Shares, then the assets of the Company shall be distributed ratably to the holders of the Series C-2 Shares in proportion to the full Series C-2 Preference Amount each such holder of Series C-2 Shares would otherwise be entitled to receive under this Article 138(b).