Examples of Series E CCPS in a sentence
Upon the occurrence of a Liquidation Event A or a Liquidation Event B with respect to the Company or its Subsidiaries (as defined in the SHA) and in accordance with the terms of the SHA, the holders of the Series E CCPS shall receive the Liquidation Preference in accordance with the terms of the SHA and in the order of precedence set forth in the SHA.
For avoidance of all doubts, it is further clarified that the conversion price of each such Series E CCPS shall not be less than the fair value determined in accordance with the pricing guidelines prescribed by the Reserve Bank of India on the date of issuance and allotment of the Series E CCPS, i.e. INR 3,392 (Indian Rupees Three Thousand Three Hundred and Ninety Two).
Subject to the Act the rights, privileges and conditions attached to a Series E CCPS may not be varied, modified or abrogated in any manner whatsoever without the prior written consent of all of the holders of the Series E CCPS.
The Series E CCPS shall convert into Equity Shares of the Company immediately prior to filing of the DRHP with the SEBI.
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The transferability of the Series E CCPS shall be subject to the terms and conditions of theShareholders’ Agreement and the Articles.
The holders of the Series E CCPS shall have the right, in the events set out in paragraph 4.2 (ii) of this Schedule J after the Proparco Closing Date-1 to require the Company, by a written notice (the “Conversion Notice”), to convert all or some of the Series E CCPS into Equity Shares of the Company.
From and after the issuance of the Series E CCPS, Proparco shall only be entitled to exercise voting rights on every resolution in respect of Schedule M placed before the Company on the basis of its shareholding in the Company on an As if Converted Basis subject to the terms of the SHA.
From the date of conversion of the Series E CCPS, the voting percentage of all the shareholders in the Company shall be in proportion to their shareholding in the Company.
The Series E CCPS shall have a face value of INR 10 (Indian Rupees Ten).