Ordinary Share definition
Examples of Ordinary Share in a sentence
However, if the Company pays a dividend on outstanding shares of Ordinary Share (that is not payable in shares of Ordinary Share) while this Safe is outstanding, the Company will pay the Dividend Amount to the Investor at the same time.
The Investor’s right to receive its Conversion Amount is (A) on par with payments for Ordinary Share and other Safes and/or Preference Share who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Ordinary Share basis, and (B) junior to payments described in clauses (i) and (ii) above (in the latter case, to the extent such payments are Cash-Out Amounts or similar liquidation preferences).
If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in an Ordinary Share, the Company shall, upon exercise, round down to the nearest whole number of Ordinary Shares to be issued to the holder of the Warrant.
Each whole Warrant is initially exercisable for one fully paid and non-assessable Ordinary Share.
If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in an Ordinary Share, the Company will, upon exercise, round down to the nearest whole number the number of Ordinary Shares to be issued to the Warrant holder.