Examples of Transferred Share in a sentence
If, at any time (such date the “Conversion Date”), any share of Series C Preferred shall be Transferred to any person other than the Company or an Affiliate of the Initial Holder who held such share (such share a “Transferred Share”), each 1/1,000 of a Transferred Share shall automatically convert to one share of Common Stock, effective as of the close of business on the Conversion Date.
If Depositary Receipts have not been issued to the Company within five (5) days from the date of the transfer of beneficial title to the Transferred Shares pursuant to Section 2.1, the Foundation shall promptly issue to the Company one (1) Depositary Receipt for each Transferred Share so transferred pursuant to Section 2.1.
Subject to Section 2.3, immediately upon the updating of CTH’s register of members to show the Foundation as the holder of the Transferred Shares, the Foundation shall issue to the Company one (1) Depositary Receipt for each Transferred Share.
The Selling Stockholder will receive $4.99 for each Transferred Share (as defined below), and the remainder of the Purchase Price will be delivered to the Company.
In the event the Investor is provided with an opportunity to participate in an overallotment exercise or purchase more than 99,000 units in the IPO (9.9% of 1,000,000 units), it shall first be provided with the opportunity to purchase additional Transferred Shares in a manner proportional to any increase above 99,000 units at $0.0029 per additional Transferred Share.
For each dollar of principal and accrued interest that the Noteholder converts into shares, the Noteholder will then receive a warrant to purchase two shares at a price of $6.64 each.
The Transferee hereby agrees that Oenoke may, at any time prior to the consummation of the IPO, elect to repurchase the Transferred Shares from the Transferee, at a purchase price equal to $0.001 per Transferred Share.
If a holder of Class B Shares sells, transfers, assigns or otherwise conveys (each, a “Transfer”) any or all of its Class B Shares (the “Transferred Shares”) to a Person that is not a Permitted Holder (the “Transferee”), the Transferred Shares shall automatically convert into Class A Subordinate Voting Shares immediately prior to the Transfer, such that the Transferee receives one fully paid and non-assessable Class A Subordinate Voting Share for each Transferred Share.
If a holder of Class B Shares sells, transfers, assigns or otherwise conveys (each, a “Transfer”) any or all of its Class B Shares (the “Transferred Shares”) to a Person that is not a Permitted Holder (the “Transferee”), the Transferred Shares shall automatically convert into Common Shares immediately prior to the Transfer, such that the Transferee receives one fully paid and non-assessable Common Share for each Transferred Share.
Each Transferred Share is duly authorized, validly issued, fully paid and non-assessable.