Examples of Series D-1 Issue Price in a sentence
For the purposes hereof “ Original Issue Price” will mean the Original Series A Issue Price, Original Series Al Issue Price, Original Series B Issue Price, Original Series B1 Issue Price, Original Series C Issue Price, Original Series C1 Issue Price, Original Series D Issue Price, Original Series D1 Issue Price, Original Series E Issue Price, Original Series El Issue Price, Original Series F Issue Price and/or Original Series F1 Issue Price, as relevant to the situation.
Each of the Original Series A Issue Price, the Original Series B Issue Price, the Original Series C Issue Price, the Original Series D Issue Price, the Original Series D-1 Issue Price, the Original Series E Issue Price, the Original Series E-1 Issue Price, the Original Series E-2 Issue Price, the Original Series F Issue Price and the Original Series G Issue Price is also referred to herein as the “Original Issue Price” for such series.
Upon the completion of the distribution required by Section 2c, and prior and in preference to any distribution of any of the assets of the Corporation to the holders of Common Stock, the holders of the Series D-1 Preferred Stock shall be entitled to receive an amount per share of Series D-1 Preferred Stock equal to the Original Series D-1 Issue Price (subject to appropriate adjustments for stock splits, stock dividends, combinations or other recapitalizations effected following the Effective Date).
The “Series D-1 Conversion Price” shall initially be the Series D-1 Issue Price (as appropriately adjusted for share splits, share dividends, combinations, recapitalizations and similar events with respect to the Series D-1 Preferred Shares), resulting in an initial conversion ratio for the Series D-1 Preferred Shares of 1:1, and shall be subject to adjustment and readjustment from time to time as hereinafter provided.
The “Series D-1 Conversion Price” per share for shares of Series D-1 Preferred Stock as of the Effective Date shall be the Original Series D-1 Issue Price.
The conversion ratio for each Series D1 Share shall be determined by dividing the Series D1 Issue Price by the Series D1 Conversion Price, in effect at the time of the conversion.
The Series D-1 Conversion Price for the Series D-1 Preferred shall initially be equal to the Original Series D-1 Issue Price (the “Series D-1 Conversion Price”).
The Series D1 Conversion Price shall initially be equal to the Series D1 Issue Price per Ordinary Share, subject to adjustment as hereinafter provided.
The number of Class B Ordinary Shares to which a holder shall be entitled upon conversion of each Series D1 Preferred Share shall be the quotient of the applicable Series D1 Issue Price divided by the then effective applicable Series D1 Conversion Price (the “Series D1 Conversion Price”), which shall initially be the applicable Series D1 Issue Price, resulting in an initial conversion ratio for Series D1 Preferred Shares of 1:1.
The distribution to the holders of Series D-1 Preferred Shares in respect of each Series D-1 Preferred Share, in the event that the Adjustment Amount is applied (and including the aggregate amount actually received by holders of Series D-1 Preferred Shares, in respect of each Series D-1 Preferred Share, from the Company since April 17, 2018) shall in any event not exceed two and twenty-five one-hundredths times (2.25x) the Original Series D-1 Issue Price.