Examples of Original Series A-1 Issue Price in a sentence
The initial Conversion Price per share for shares of Series A-I Preferred Stock, Series A-2 Preferred Stock and Series A-3 Preferred Stock shall be the Original Series A-1 Issue Price, the Original Series A-2 Issue Price and the Original Series A-3 Issue Price, respectively; provided, however, that the Conversion Price for each series of Preferred Stock shall be subject to adjustment as set forth in subsections 4(d) and 4(e).
First, each Preferred Shareholder shall be entitled to a distribution equal to the 133% of the Original Series A Issue Price or Original Series A-1 Issue Price, as the case may be, (and/or Ordinary Shares resulting from conversion of such Preferred Shares) which it holds on the date such dividend is paid (subject to appropriate adjustments in the event of any stock dividend, stock split, combination or other similar recapitalization affecting such shares) (the “ Series A Full Dividend Preference”).
The redemption price (the “Series A-1 Redemption Price”) for each Series A-1 Preferred Share redeemed pursuant to this Article 9(iii) shall be the sum of (i) one hundred and twenty-five percent (125%) of the Original Series A-1 Issue Price and (ii) any accrued but unpaid dividends on such Preferred Share.
Once the University was satisfied that Akana likely provided an impermissible benefit to it declared ineligible.
The initial Conversion Price per share for shares of Series A Preferred Stock shall be the Original Series A Issue Price, and the initial Conversion Price per share for shares of Series A1 Preferred Stock shall be the Original Series A1 Issue Price.
The Conversion Price per share at which shares of Common Stock shall be issuable upon conversion of any shares of (i) Series A1 Preferred Stock or (ii) Series B1 Preferred Stock shall initially be the Original Series A1 Issue Price or the Original Series B1 Issue Price respectively, subject to adjustment as provided in Section 2(f) below.
The conversion price per share for A-1 Preferred Shares (the “A-1 Preferred Conversion Price” or the “A-1 Conversion Price”) shall initially be equal to the Original Series A-1 Issue Price; provided, however, that the A-1 Preferred Conversion Price shall be subject to adjustment as set forth in this Article 6A.(c) Automatic Conversion.
The conversion rate in effect at any time for conversion of the Series A-1 Preferred (the “Series A-1 Conversion Rate”) shall be the quotient obtained by dividing the Original Series A-1 Issue Price by the “Series A-1 Conversion Price” calculated as provided in Section 5(d).
Cash used in financing activities was $13.8 million for the year ended December 31, 2018, which was driven by dividend payments ($426.1 million), principal payments on our senior secured term loan ($21.1 million), contingent consideration payments ($18.6 million), distributions to noncontrolling interest ($9.9 million), partially offset by net borrowings under the Revolving Credit Facility ($360.0 million) and net proceeds under our ATM Program ($109.4 million).
The “Conversion Price” shall initially be, with respect to Series A Preferred Stock, the Original Series A Issue Price per share of Series A Preferred Stock, with respect to the Series A-1 Preferred Stock, the Original Series A-1 Issue Price per share of Series A-1 Preferred Stock, and with respect to the Series B Preferred Stock, the Original Series B Issue Price per share of Series B Preferred Stock.