Examples of Company Stock in a sentence
In the event of such assignment, each Investor shall have a right to purchase that portion of the securities proposed to be transferred by such Key Holder equal to the ratio of (a) the number of shares of the Company’s Common Stock issued or issuable upon conversion of the shares of Company Stock owned by such Investor, to (b) the number of shares of the Company’s Common Stock issued or issuable upon conversion of the shares of Company Stock owned by all Investors.
Notwithstanding anything herein to the contrary, subject to the provisions of Section 7.9, upon the execution and delivery of the Next Financing Documents by Investors holding a majority of the then-outstanding shares of Company Stock held by all Investors, this Agreement (excluding any then-existing and outstanding obligations) shall be amended and restated by and into such Next Financing Documents and shall be terminated and of no further force or effect.
Any amendment or waiver effected in accordance with this Section 7.6 will be binding upon the Investors, the Key Holders, each transferee of the shares of Company Stock (or the Common Stock issuable upon conversion thereof) or Common Stock from a Investor or Key Holders, as applicable, and each future holder of all such securities, and the Company.
The Company shall at all times reserve and keep available, solely for issuance and delivery upon the conversion of the Company Stock, all Common Stock issuable from time to time upon conversion of that number of shares of Company Stock equal to the Total Shares Authorized for Sale, regardless of whether or not all such shares have been issued at such time.