Examples of Series C Per Share Amount in a sentence
Subject to the terms and conditions of this Agreement, at the Effective Time, each share of Company Series C Stock that is issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without the need for any further action on the part of the holder thereof (except as expressly provided herein), be converted into and represent the right to receive an amount of cash, without interest, equal to the Series C Per Share Amount.
Each Securityholder shall be deemed to have contributed an amount to the Escrow Fund equal to the following: (i) in the case of a Series C Securityholder, an amount per share of Series C Preferred Stock held by such holder equal to the Series C Per Share Amount minus $19.325 (the “Series C Per Share Escrow Fund Amount”) and (ii) in the case of an Other Securityholder, an amount equal to the Other Securityholders Escrow Amount multiplied by such Other Securityholder’s Initial Sharing Percentage.
Each share of LAI Series C Preferred Stock issued and outstanding immediately prior to the Effective Time (other than Treasury Shares and any Dissenting Shares) shall be automatically cancelled in the Merger and will automatically be converted into the right to receive the Series C Per Share Amount (the Common Per Share Amount, Series A Per Share Amount, Series B Per Share Amount, and Series C Per Share Amount are sometimes each generally referred to as the "PER SHARE AMOUNT").
A portion of the Series C Per Share Amount will be deposited into the Escrow Fund pursuant to Section 1.8.
Each share of Preferred Stock (other than Dissenting Shares) issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive the Series AA Per Share Amount, the Series A-1 Per Share Amount, the Series B Per Share Amount, the Series C Per Share Amount, or the Series D Per Share Amount, as applicable.