Series Shares definition

Series Shares means the limited liability company membership interests in a Series. As to any Series Member, the term shall mean the Series Shares held by such Series Member.
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Series Shares means the preferred shares issuable in series in the capital of Mosaic;
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Series Shares means the preferred shares issuable in series in the capital of Mosaic; "Shareholders" means holders of the Common Shares and "Shareholder" means any one of them;
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Examples of Series Shares in a sentence

  • Following the qualification of the Form 1-A offering statement specifying such Series as filed with the Securities and Exchange Commission, a Series is authorized to issue up to an aggregate of the amount of Series Shares noted in its Series Designation (the “Issuance Limit”) in exchange for a purchase price determined in each case by the Manager in its sole discretion.

  • The offering of Series Shares is on a best efforts, no minimum subscription basis and may have multiple closings, meaning there may be additional Series Members added after the formation of a Series as long as additional Series Shares are available.

  • Distributions shall be payable to all Series Members pro rata in proportion to their holdings of Series Shares; provided, that, the amount of Distributions paid to a Series Member in any given calendar month (other than liquidating distributions) shall be determined based on the number of calendar days that a Series Member owns its Series Shares in such calendar month.

  • A Person to whom the Member’s Interest or the Series Shares is Transferred may be admitted to the Company as the Member or to a Series as a Series Member only as provided for by Section 4.1(a) and this Section 4.1(b).

  • In connection with a Transfer of the Member’s Interest or Series Shares and the admission of an Assignee as the Member or a Series Member, as applicable, the Member or Series Member making such Transfer and the Assignee shall provide the Manager, upon request, a copy of the Transfer instrument, the ratification by the Assignee of this Agreement and a legal opinion that the Transfer complies with all applicable federal and state securities laws.

  • The amount paid by a Series Member for its Series Shares shall be such Series Member’s Capital Contribution to such Series.

  • Since the offering of Series Shares may remain open until the Issuance Limit of such Series Shares are sold, and there may be multiple closings as set forth in Section 3.1(c)(ii), additional Series Members may be added from time to time, including Series Members that purchase Series Shares in a secondary trading market operated by a registered broker-dealer engaged by the Manager.

  • A Person shall be deemed admitted as a Series Member at the time the Person (A) executes a subscription agreement evidencing the purchase of Series Shares and such Person’s agreement to be bound by the terms of this Agreement, (B) pays the full purchase price for the Series Shares such Person is acquiring, and (C) is listed as a Series Member in the records of the Company.

  • The Member and a Series Member may not make an assignment, transfer or other disposition (voluntarily, involuntarily or by operation of law) (a “Transfer”) of the Member’s Interest or such Series Member’s Series Shares, or pledge, mortgage, hypothecate, grant a security interest in, or otherwise encumber (an “Encumbrance”) the Member’s Interest or such Series Shares, without the prior consent of the Manager, which the Manager may grant or withhold in its sole and absolute discretion.

  • Any attempted Transfer, other than in strict accordance with this section, shall be void, and any attempted Transfer of a portion of the Member’s Interest or Series Shares shall in all events be void.


More Definitions of Series Shares

Series Shares means the aggregate number of shares of Common Stock subject to all Series Warrants calculated as follows. In the event that the entire amount of principal and interest outstanding under the Loan Agreement is repaid by the Company (i) on or before May 31, 2001, the number of Series Shares shall be equal to 5% of the Fully Diluted Shares, (ii) after May 31, 2001 but on or before June 30, 2001, the number of Series Shares shall be equal to 7.5% of the Fully Diluted Shares, (iii) after June 30, 2001 but on or before July 31, 2001, the number of Series Shares shall be equal to 10% of the Fully Diluted Shares, or (iv) after July 31, 2001 but on or before August 31, 2001, the number of Series Shares shall be equal to 12.5% of the Fully Diluted Shares. The percentage as may from time to time be determined to be applicable under clauses (i)-(iv) of the immediately preceding sentence shall be referred to herein as the "Applicable Percentage".
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Series Shares means collectively, the Series A Shares, the Series B Shares, the Series C Shares, the Series D Shares, the Series E Shares, the Series F Shares, the Series G Shares, the Series H Shares and the Series I Shares, or as the context requires, any one of them individually.
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Series Shares and "Series Warrants" are added as set forth below:
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Series Shares has the meaning set forth in section 1.A(e).
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Series Shares has the meaning set forth in section 1.A(e). * * * SCHEDULE "B" THE OFFER General: The Offer shall consist of three separate offers to purchase all of the Shares, Series II Preference Shares and Series III Preference Shares by way of a Circular mailed simultaneously to all Securityholders, except as prohibited by applicable Law, and prepared in compliance with the OSA and other applicable securities Laws. The Offer shall be made on the terms set forth in this Schedule "B" and upon such other terms and conditions as are required by applicable Law.
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Related to Series Shares

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series F Preferred Stock means the Corporation's Series F Convertible Preferred Stock, par value $0.004 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.