Per Share Series B Merger Consideration definition

Per Share Series B Merger Consideration means the portion of the Aggregate Merger Consideration payable in respect of each share of Series A Preferred Stock upon a Deemed Liquidation Event under the Company’s Certificate of Incorporation. The Cash Consideration Percentage of the Per Share Series B Merger Consideration shall be in cash and Stock Consideration Percentage of the Per Share Series B Merger Consideration shall be in the form of shares of NewCo Common Stock.
Per Share Series B Merger Consideration means the number obtained by adding (a) the Per Share Series B Liquidation Preference, plus, (b) the Per Share Residual Consideration, which such number shall not exceed $0.4476 in the aggregate.
Per Share Series B Merger Consideration is defined in Section 1.5(c).

Examples of Per Share Series B Merger Consideration in a sentence

  • For the avoidance of doubt, in no event shall the sum of the aggregate amount of the Per Share Series A Merger Consideration, the Per Share Series A-1 Merger Consideration, the Per Share Series A-2 Merger Consideration, the Per Share Series B Merger Consideration and the Per Share Common Stock Consideration exceed the Aggregate Merger Consideration.

  • At the Effective Time, each share of Series B Preferred issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares and shares owned by the Company) shall be automatically converted into the right to receive, subject to and in accordance with Section 2.8(a), an amount of cash (without interest) equal to the Per Share Series B Merger Consideration.

  • At and after the Effective Time, holders of shares of Company Capital Stock shall cease to have any rights as stockholders of the Company, except for the right to receive the Per Share Series A Merger Consideration, Per Share Series B Merger Consideration, Per Share Series C Merger Consideration and Per Share Common Merger Consideration applicable to such shares of Company Capital Stock, in each case in accordance with the terms and conditions of this Agreement.

  • Each share of Company Series B Preferred Stock issued and outstanding immediately prior to the Effective Time, other than shares of Company Series B Preferred Stock to be cancelled pursuant to Section 2.2(b) and any Dissenting Shares, will be cancelled and extinguished and automatically converted into the right to receive, in cash as set forth herein, an amount equal to the Per Share Series B Merger Consideration.

  • Pursuant to the orders made in consequence, the Registrar received the memorials of the Government and the applicant on 10 and 11 August 1992 respectively.


More Definitions of Per Share Series B Merger Consideration

Per Share Series B Merger Consideration means, with respect to each share of Company Series B Stock outstanding as of immediately prior to the Effective Time, the Series B Liquidation Preference.
Per Share Series B Merger Consideration means the quotient obtained by dividing (a) the Series B Merger Consideration by (b) the number of shares of Series B Preferred Stock issued and outstanding at the Effective Time.
Per Share Series B Merger Consideration shall equal quotient of (1) the Preferred Merger Consideration for the Company Series B Preferred Stock divided by (2) the aggregate number of shares of Company Series B Preferred Stock outstanding immediately prior to the Effective Time.

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