Examples of Tranche 3 Shares in a sentence
This Warrant shall be exercisable for the Tranche 1 Shares, the Tranche 2 Shares and the Tranche 3 Shares.
In addition, upon an Exit Event, any and all outstanding Tranche 2 Shares and Tranche 3 Shares that have not previously vested and do not vest as a result of the Exit Event shall be automatically and immediately forfeited following such Exit Event, all as provided for in Section 6 of this Agreement.
Each of the Tranche 2 Shares, Tranche 3 Shares and Tranches 4 Shares shall constitute a category of shares within the meaning of article L.
The Tranche 3 Shares shall have an Option Price of $0.07704 per Share.
Upon the issue of Tranche 4 Shares under the Placement, the increase in Timeone’s voting power in the Company from 14.95% (upon the issue of the Tranche 3 Shares and assuming that none of the options and performance rights are exercised, no other shares are issued by the Company and Resolution 3 is passed by Shareholders) to 29.94% would increase their “relevant interest” in the Company in breach of section 606(1) of the Corporations Act in the absence of an applicable exception.
In the event that Shareholders approve Resolutions 2 and 3 and the Tranche 3 Shares and the Tranche 4 Shares are issued, Timeone will nominate 2 persons to be appointed as Directors and the Company will seek approval of their appointments at the next annual general meeting of the Company following such appointments.
Subject to Applicable Law, in all three cases mentioned above, Superior shall be paid a price in USD that is not less than the amount Superior paid for such Tranche 3 Shares.
Tranche 3 shall consist of 1,250,000 shares of the Series B Preferred Stock at a purchase price of $2.00 per share (the "Tranche 3 Shares").
The Company may not deliver the Subsequent Financing Notice relating to the Tranche 3 Shares earlier than 5 Business Days after the earlier to occur of the Tranche 2 Closing Expiration Date or the Second Tranche 2 Adjustment Date or, if such day is not a Business Day, the next succeeding Business Day.
Notwithstanding anything in the Restricted Stock Agreement to the contrary, upon termination of your employment with or service to the Company or one of its Subsidiaries due to your death or Disability, in each case, prior to Change in Control, all Time-Vesting Tranche 3 Shares and Time-Vesting Tranche 4 Shares shall vest on the date of your termination.