Examples of Applicable Original Issue Price in a sentence
Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and non-assessable shares of Common Stock as is determined by dividing the Applicable Original Issue Price by the Applicable Conversion Price (as defined below) in effect at the time of conversion.
Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Applicable Original Issue Price by the Applicable Conversion Price (as defined below) in effect at the time of conversion.
The holders of the Series Preferred Shares, in preference to the holders of the Ordinary Shares, shall be entitled to receive, but only out of funds that are legally available therefor, (as determined in accordance with the Act), cash dividends at the rate of 8% of the Applicable Original Issue Price (as defined below) per annum on each outstanding share of the Series Preferred Shares.
The "Applicable Original Issue Price" shall mean the Series Seed Original Issue Price and the Series A Original Issue Price, as applicable.
The conversion rate in effect at any time for conversion of any series of Series Preferred Shares (the “Applicable Conversion Rate”) shall be the quotient obtained by dividing the Applicable Original Issue Price of such series of Series Preferred Shares by the “Applicable Conversion Price,” calculated as provided in Regulation 8.1.3.
The initial Conversion Price per share for each series of Preferred Stock shall be the Applicable Original Issue Price in respect of such series; provided, however, that the Conversion Price for each series of Preferred Stock shall be subject to adjustment as set forth in subsection 4(d).
Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Applicable Original Issue Price for the applicable series of Preferred Stock by the Applicable Conversion Price (as defined below) for such series in effect at the time of conversion.
The “Applicable Conversion Price” for a series of Preferred Shares shall initially be the Applicable Original Issue Price of such series of Preferred Shares.
The conversion rate in effect at any time for conversion of any series of Preferred Shares (the “Applicable Conversion Rate”) shall be the quotient obtained by dividing the Applicable Original Issue Price applicable to such series of Preferred Shares by the Applicable Conversion Price relating to such series of Preferred Shares.
From and after the date of the issuance of any shares of Preferred Stock, non-compounding dividends at the rate per annum of 6% of the Applicable Original Issue Price (as defined below) for each share of Preferred Stock shall accrue on such shares of Preferred Stock (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to the Preferred Stock) (the “Accruing Dividends”).