Securities Issued. For purposes hereof, “Shares” or “Preferred Stock” shall mean shares of Series C Preferred Stock issued hereunder (the terms of which will be set forth in a Certificate of Designations in substantially the form attached hereto as Exhibit A, which Certificate of Designations shall be filed by the Company not later than two Business Days prior to the Closing Date) (the Shares are also sometimes referred to herein as the “Securities”), and the “Applicable Number of Shares” shall mean a number equal to the quotient obtained by dividing (a) Aggregate Purchase Price (expressed in U.S. Dollars) divided by the product of 1.4 multiplied by $0.17771 by (b) 1,000, with the result rounded down to the nearest whole share.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Air Liquide Investissements d'Avenir Et De Demonstration), Securities Purchase Agreement (Plug Power Inc)