Series C Per Share Merger Consideration definition

Series C Per Share Merger Consideration shall have the meaning set forth in Section 3.1(a).
Series C Per Share Merger Consideration means (i) the Series C Proceeds Amount divided by (ii) the number of shares of Series C Preferred Stock issued and outstanding immediately prior to the Effective Time; it being acknowledged, for the avoidance of doubt, that there is no Excess Liquidation Value (as such term is defined in the amended and restated certificate of designations of the Series C Preferred Stock) on account of the Series C Preferred Stock, as the Base Value (as such term is defined in the amended and restated certificate of designations of the Series C Preferred Stock) per share of Series C Preferred Stock is less than 150% of the $2,000.
Series C Per Share Merger Consideration has the meaning set forth in the Net Merger Consideration Payment Schedule.

Examples of Series C Per Share Merger Consideration in a sentence

  • At and after the Effective Time, each holder of a Certificate shall cease to have rights as a shareholder of Infrant, except for the right to surrender his or her Certificate in exchange for (x) payment of the applicable Series C Per Share Merger Consideration or the Junior Per Share Merger Consideration, and (y) subject to Section 8.3(d) if such holder is a Non-Accredited Investor, the right to receive Junior Per Share Contingent Payments, if any, pursuant to Section 8.3.


More Definitions of Series C Per Share Merger Consideration

Series C Per Share Merger Consideration means the quotient of (i) the Series C Aggregate Merger Consideration divided by (ii) the Series C Conversion Shares.
Series C Per Share Merger Consideration has the meaning given such term in Section 1.6(c)(iv).

Related to Series C Per Share Merger Consideration