Examples of C-2 Closing in a sentence
Such Tranche C-2 Closing Fee will be in all respects fully earned, due and payable on the Amendment No. 4 Effective Date and non-refundable and non-creditable thereafter.
Concurrently with or promptly following the C-2 Closing, the Company and each Investor shall take such actions as are necessary to increase the available option pool under the Company’s Amended and Restated 2007 Equity Incentive Plan to equal approximately ten and one-quarter percent (10.25%) of the Company’s fully diluted capitalization after giving effect to the issuance and sale of Series C Preferred and the warrants exercisable for Series C Preferred pursuant to the Purchase Agreement.
The C-1 Closing and the C-2 Closing are referred to in this Agreement as the "CLOSINGS." On each Closing Date, the Company shall deliver to each Buyer a stock certificate representing such number of shares of Preferred Stock which such Buyer is then purchasing, duly executed on behalf of the Company and registered in the name of such Buyer or its designee (the "STOCK CERTIFICATES").
The Company shall provide a Use of Proceeds Schedule prior to each C-2 Closing identifying the use of the proceeds from the sale of the Series C-2 Preferred Stock.
If Jifen or any of its subsidiaries proposes to amend its content censorship system, it shall obtain the prior consent of the relevant management representative appointed by the Series C2 Investor to Jifen, regardless of whether the Series C2 Closing has been consummated.
From date of the last C-2 Closing to the date which is one day prior to the date that the Company becomes an exchange-listed company by IPO, the Company shall provide each Institutional Shareholder with audited annual financial statement (including income statement, balance sheet, cash flow statements) within 90 days after each financial year end, and unaudited quarterly financial statements within 45 days from the end of each quarter.
Within one (1) year after the last C-2 Closing, or immediately after the Company has consumed the funds invested by each Institutional Shareholder pursuant to the applicable share purchase agreement, whichever occurs first, the Company shall provide each Institutional Shareholder with documents and materials to the reasonable satisfaction of such Institutional Shareholder which could evidence the proper utilization of its investment funds by the Company in accordance with Section 8.1 above.
If Jifen or any of its subsidiaries proposes to amend its content censorship system, it shall obtain the prior consent of the relevant management representative appointed by the Series C2 Investor to Jifen, regardless of whether the Series C2 Closing has been fully consummated.
Stratton TP, Cernohous T, Naglosky K, Bumgardner M, Traynor A, Worley MM, Isetts BJ, Larson T, Seifert R.