Examples of Series G-1 Preferred Shares in a sentence
Purchaser shall have received from the PRC counsel to the Company, a legal opinion in a form to be agreed between the Company and Purchaser prior to the Closing, dated as of the Closing (which shall cover substantially, among other matters, the matters set forth in the legal opinions delivered in connection with the issuance of the Series G-1 Preferred Shares to the Rollover Shareholder, but revised to cover the Xiaodu PRC Companies).
The initial number of shares of Common Stock reserved for conversions of the Series G-1 Preferred Shares and each increase in the number of shares so reserved shall be allocated pro rata among the Holders based on the number of Series G-1 Preferred Shares held by each Holder at the time of issuance of the Series G-1 Preferred Shares or increase in the number of reserved shares, as the case may be (the “Authorized Share Allocation”).
In this context, prospect theory led us to generate unam- biguous hypotheses about the negative effects on high- aspiration entrepreneurship of bankruptcy law when: there is no fresh start with no discharge after personal bankruptcy and restrictions are imposed on the debtor, there are fewer exemptions of personal assets from the creditors’ claims on the debtor in personal bankruptcy, there no automatic stay on assets and where managers are removed during corporate bankruptcy proceedings.
The Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and the other Exchange Transaction Document and to issue the Series G-1 Preferred Shares in accordance with the terms hereof and thereof.
The issuance of the Series G-1 Preferred Shares is duly authorized and, upon issuance in accordance with the terms of this Agreement, shall be validly issued and free from all taxes, liens and charges with respect to the issue thereof.
Each Holder and the Company shall maintain records showing the number of Series G-1 Preferred Shares so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holders and the Company, so as not to require physical surrender of the certificate representing the Series G-1 Preferred Shares upon each such conversion.
All Conversion Amounts converted by a Holder after the Company Optional Redemption Notice Date shall reduce the Company Optional Redemption Amount of such Holder’s Series G-1 Preferred Shares required to be redeemed on the Company Optional Redemption Date, unless such Holder otherwise indicates in the applicable Conversion Notice.
If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holders shall be given the same choice as to the Alternate Consideration it receives upon any conversion of the Series G-1 Preferred Shares following such Fundamental Transaction.
The parties hereto agree that in the event of the Company’s redemption of any Series G-1 Preferred Shares under this Section 6(b), each Holder’s damages would be uncertain and difficult to estimate because of the parties’ inability to predict future interest rates and the uncertainty of the availability of a suitable substitute investment opportunity for such Holder.
The Person or Persons entitled to receive the shares of Common Stock issuable upon a conversion of Series G-1 Preferred Shares shall be treated for all purposes as the record holder or holders of such shares of Common Stock on the applicable Conversion Date, irrespective of the date such Conversion Shares are credited to such Holder’s account with DTC or the date of delivery of the certificates evidencing such Conversion Shares, as the case may be.