Examples of Series C Preferred Shareholder in a sentence
The Series C First Refusal Notice shall set forth the number of Offered Shares that such Series C Preferred Shareholder wishes to purchase, which amount shall not exceed the First Refusal Allotment (as defined below) of such Series C Preferred Shareholder.
Series A+ Preferred Shares, Series A Preferred Shares nor Series Pre-A Preferred Shares shall be redeemed pursuant to Section 8.2, 8.3, 8.4 or 8.5 by the Company if any holder of the then outstanding Series C Preferred Shares requires the Company to redeem all or part of the outstanding Series C Preferred Shares held by such holder in accordance with Section 8.1 and until all or part of Series C Preferred Shares held by such Series C Preferred Shareholder have been fully redeemed.
For the avoidance of doubt, no Series C Preferred Shareholder, Series B Preferred Shareholder, Series A+ Preferred Shareholder nor Series A Preferred Shareholder shall be deemed to be an Affiliate of the Company.
If the ROFR Holders fail to elect to purchase all the Transfer Shares, then such unpurchased Transfer Shares (“Over-Allotment Transfer Shares”) shall be made available to each Series C Preferred Shareholder who has elected to purchase all of its initial pro rata share of the Transfer Shares (the "Purchasing ROFR Holder") for over-allotment.
If any PR Holder fails to elect to purchase all of its initial pro rata share of the Issuance Shares, then such unpurchased Issuance Shares ("Over-Allotment Issuance Shares") shall be made available to each Series C Preferred Shareholder who has elected to purchase all of its initial pro rata share of the Issuance Shares for over-allotment (the "Purchasing PR Holder").