Examples of Series C Dilutive Issuance in a sentence
Such conversion shall be deemed to have been made immediately prior to the consummation of the Series A Dilutive Issuance, Series B Dilutive Issuance or Series C Dilutive Issuance, as the case may be, unless the transfer books of the Corporation are closed on that date, in which event such holder shall be deemed to have become a holder of record of Common Stock on the next succeeding date on which the transfer books are open.
Such conversion shall be deemed to have been made immediately prior to the consummation of the Series A Dilutive Issuance, Series B Dilutive Issuance, Series C Dilutive Issuance or Series D Dilutive Issuance, as the case may be, unless the transfer books of the Corporation are closed on that date, in which event such holder shall be deemed to have become a holder of record of Common Stock on the next succeeding date on which the transfer books are open.
Upon the conversion of Series C Preferred Stock held by a Nonparticipating Investor as set forth herein, such shares of Series C Preferred Stock shall no longer be outstanding on the books of the Corporation and the Nonparticipating Investor shall be treated for all purposes as the record holder of such shares of Series C1 Preferred Stock and, if applicable, Common Stock upon the Closing of the applicable Series C Dilutive Issuance.
The term "Series C Dilutive Issuance" shall mean an -------------------------- issuance of Common Stock Equivalents in a Financing for a minimum consideration per share of the ultimately underlying Common Stock less than the Conversion Price of the Series C-1 Preferred in effect on the date of and immediately prior to such issuance.
The "Series C Forced Conversion Rate" shall be equal to the difference between the Conversion Rates in effect for the Series C Preferred Stock and the Series C-1 Preferred Stock immediately prior to the closing of the applicable Series C Dilutive Issuance.
Such notice shall describe the type and price of the securities to be issued, the general terms upon which the Corporation proposes to issue such securities, and whether such issuance is a Series A Dilutive Issuance, Series B Dilutive Issuance, Series C Dilutive Issuance, Series D Dilutive Issuance, Series E Dilutive Issuance, Series F Dilutive Issuance or a Series G Dilutive Issuance.
Upon the conversion of the Series C Preferred held by a Non-participating Investor, such shares of Series C Preferred Stock shall no longer be outstanding and the Non-participating Investor shall be treated for all purposes as the record holder of shares of Series C-1 Preferred Stock as of the date of the first closing of the Series C Dilutive Issuance.