Holder Stock definition

Holder Stock means the shares of the series of preferred or common stock, as applicable, issued to the Holder in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Stock, other than, in the event the Holder Stock is preferred stock, with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

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Holder Stock has the meaning set forth in recitals of this Agreement.

Holder Stock means (i) shares of Common Stock owned by the holders of Series C and Series D Preferred; (ii) shares of Common Stock issued or issuable upon the conversion or exercise of any stock (including, without limitation, the Series B Preferred, Series C Preferred and Series D Preferred) warrants, options or other securities of the Company owned by the holders of Series C and Series D Preferred, and (iii) any shares of Common Stock issued as a dividend or other distribution with respect to or in exchange for or in replacement of the shares referenced in (i) and (ii) above.

Examples of Holder Stock in a sentence

• If there is an Equity Financing in connection with, or after, the Closing (as defined in the Merger Agreement) but on or before the Maturity Date of this Note, on the initial closing date of such Equity Financing (the “Conversion Date”), this Note will automatically convert into the number of shares of Holder Stock equal to the Purchase Amount divided by the Conversion Price.

• In connection with the automatic conversion of this Note into shares of Holder Stock, the Holder will execute and deliver to the Company all of the transaction documents (the “Equity Documents”) related to the Equity Financing; provided, that such documents are the same documents to be entered into with the purchasers of Standard Stock, with appropriate variations for the Holder Stock if applicable.

More Definitions of Holder Stock

Holder Stock shall have the meanings ------------------- ------------ set forth in the Stock Restriction Agreement.

Holder Stock has the meaning set forth in Section 4.1 of this Agreement.

Holder Stock will continue to be Holder Stock in the hands of any ------------ holder other than Holder (except for the Company and the Investors and except for transferees in a Public Sale), and except as otherwise provided herein, each such other holder of Holder Stock will succeed to all rights and obligations attributable to Holder as a holder of Holder Stock hereunder. Holder Stock will also include shares of the Company's capital stock issued with respect to Holder Stock by way of a stock split, stock dividend or other recapitalization. Notwithstanding the foregoing, all Unvested Shares shall remain Unvested Shares after any Transfer thereof.

Holder Stock means (i) the Securities acquired, subscribed for or held by a Holder pursuant to the Stock Purchase Agreements and (ii) any Securities issued or issuable with respect to, or in exchange or replacement for, any such Securities.